The Keynesian Remedy and the Age of Hitler

Over a longer period, the Keynesian remedy does not cure unemployment but makes it worse. The claim of an eminent public figure and brilliant polemicis to provide a cheap and easy means of permanently preventing serious unemployment, conquered public opinion after his death. Sir John Hicks has even proposed that we call the third quarter of this century, 1950 to 1975, the Age of Keynes,. as the second quarter was the Age of Hitler.