Thread: General Politics Keynesian Job Program / Stimulus Plan
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Old 02-05-2012, 12:53 PM   #37
banyon banyon is offline
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Quote:
Originally Posted by BucEyedPea View Post
pubs.aeaweb.org/doi/pdfplus/10.1257/jep.23.2.213

According to this .pdf Lenin didn't exactly say it either; that Keynes gleaned it from an interview of Lenin.

So, banyon, you need to visit the grave of Keynes and pin a correction on him. That is after you write to Brainy Quote.
Uh, did you read any of the article? Because it just echoes exactly what I said. Keynes was quoting Lenin to take issue with him, not as a secret handshake socialist.

It simply explores the question of whether or not Keynes was accurately quoting him, NOT whether Keynes himself was secretly advocating for debauching the currency.

FROM YOUR ARTICLE:

Quote:
Keynes was, however, a vehement supporter of the increases in interest rates the Bank of England implemented in November 1919 and April 1920 (Moggridge, 1992, pp. 354–60). Indeed, when consulted by the Chancellor of the Exchequer in February 1920, Keynes (1920 [1977], p. 184) argued for an even tighter monetary policy, on the ground that continuing high inflation would “strike at the whole basis of contract, of security, and of the capitalist system generally.”
Also, I'm unable to debunk your kooky "Keynes at Harvard" Austrian book due to the fact that all of his citations are from the same out-of-print book (The Life of John Maynard Keynes by Roy Harrod), but I wager if I had that book, I could show each and every one of them were a distortion. Exclusively doing a biography from one other source is not exactly the hallmark of rigorous academic writing. But the fact that it couldn't get published except by some fringe group in pamphlet form tells me what I need to know. No one who has seriously studied Keynes thinks he is a socialist.
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