Mises Wire
Author:
Henry Hazlitt
Online Publish Date:
[Newsweek column from May 7, 1956, and reprinted in Business Tides: The Newsweek Era of Henry Hazlitt.] Keynesism—the philosophy of big government spending, deficit financing, and continuous inflation—today dominates the policy of nearly every government in the world. Yet developments in the last few years have destroyed its central prop. The