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EP #28 Keynes Blame
Open College Podcast
The Importance of Assessing John Maynard Keynes' Responsibility for His Legacy
David Frum: Democracy in Deficit is essential reading for all political thinkers. He says John Maynard Keynes himself was a political elitist, a fairly strong stripe. If we take Keynesianism with its invitation to deficit spending, that's just going to lead to misdirected and out-of-control spending, he says.Frum: So if we can't blame the aristocratic Keynes for democratic Keynesianism, then we have to shift the blame to his followers who abused it.
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