The excerpt is from my new WND column, “The Commie Who Controls the Economy From the Grave“:
“Republicans are as devout about Keynes as are [Democrats] Reich and Krugman. Nixon famously declared, ‘We are all Keynesians now.’ But my comment is redundant; Bush has bested the most committed Keynesian. ‘Nixon’s Keynesian conversion … looks positively quaint compared with the fiscal and monetary stimulus’ Bush has initiated, quipped Steven Pearlstein of the Washington Post.”
“How much to hand out; who to hand it to; which handout makes the best use of taxpayer money; do the Big Three submit a business plan with their bailout requisitions, or not—that’s the depth of the ‘philosophical’ to-be-or-not-to-be among Republikeynsians.”
“So who was this man, John Maynard Keynes, who controls the economy from the grave?”
“Keynes was a Fabian socialist strongly opposed to private enterprise. … Fabians departed from communists on the use of force. Whereas the communists believed in ‘attaining power by violence,’ Fabians perfected a form of the Islamic takiya—lying to spread the faith, in their case, state-socialism.”
Read “The Commie Who Controls the Economy From the Grave.” You need to know who Comrade Keynes was!
Update I (Dec. 5): Speaking of Republikeynsians, I heard Tony Blankley, editor of the Washington Times, tell the Obama Headquarters@Hardball, care of Chris Matthews, that the government must spend inordinate amounts of money. Demand has fallen. When consumers stop spending (at last!), urged Blankley, the government must step in and fill the gap; in other words spend like the consumer would have spent had he had the money, but since he can’t spend what he doesn’t have, the government must step in and spend what it doesn’t have.
This glut; this orgy of idiocy, reminds me of a Fellini film, I think it was, where the heroes decide to get together and eat themselves to death. Anyone old enough to remember its name?
This won’t keep the nausea at bay, but I recommend reading “Keynes and the Reds” by historian Ralph Raico. More examples of takiya à la socialism–the myths Keynes’s acolytes have spun around him. His theories ought to have been sufficient to discredit him.
Update II (Dec. 9): In case readers have disobeyed me and failed to read Raico’s “Keynes and the Reds, here is an excerpt:
“…it is commonly held, Keynes was a sincere, indeed, exemplary, believer in the free society. If he differed from the classical liberals in some obvious and important ways, it was simply because he tried to update the essential liberal idea to suit the economic conditions of a new age.”
“But if Keynes was such a model champion of the free society, how can we account for his peculiar comments, in 1933, endorsing, though with reservations, the social “experiments” that were going on at the time in Italy, Germany, and Russia? And what about his strange introduction to the 1936 German translation of the General Theory, where he writes that his approach to economic policy is much better suited to a totalitarian state such as that run by the Nazis than, for instance, to Britain?” …
“A notable feature of Keynes’s praise of the Soviet system is its total lack of any economic analysis. Keynes appears blithely unaware that there might exist a problem of rational economic calculation under socialism, as outlined a year earlier in a volume edited by F. A. Hayek, Collectivist Economic Planning, which featured the seminal 1920 essay by Ludwig von Mises, ‘Economic Calculation in the Socialist Commonwealth.'”
“Economists had been debating this question for years. Yet all that concerns Keynes is the excitement of the great experiment, the awe-inspiring scope of the social changes occurring in Soviet Russia under the direction of those ‘disinterested administrators.'”
“This brings to mind Karl Brunner’s comment on Keynes’s notions of social reform: ‘One would hardly guess from the material of the essays that a social scientist, even economist, had written [them]. Any social dreamer of the intelligentsia could have produced them. Crucial questions are never faced or explored.'”
Read the complete essay “Keynes and the Reds, and report back.