Here is Rothbard’s mini-biography of Lord Keynes, one that makes use of all modern research to reconstruct Keynes’s life and works in a way that is absolutely devastating. We read about his schooling, his secret societies, his political associations and sponsors - as well as his intellectual shifts and dodges throughout his life.
To put it mildly, Keynes was not the genius liberal of his reputation. He was shifty, duplicitous, and manipulative from beginning to end, and his deliberately obfuscating economic theory reflects those traits.
When the newscasters go on about how Keynes saved us and will continue to do so, it would be good to be armed with the truth about the man who reconstructed economics as he saw fit. You will be alternately amazed and outraged that the thoughts of this man have inspired government policy for so many decades. In fact, as Murray demonstrates, that explains so much about what is wrong with government policy.
Murray Rothbard writes with spunk and verve in this investigative report.
Murray N. Rothbard made major contributions to economics, history, political philosophy, and legal theory. He combined Austrian economics with a fervent commitment to individual liberty.
The Fed was a government-sanctioned cartel engineered by the Morgan, Rockefeller, and Kuhn, Loeb interests to enable coordinated inflation.
The theory put into practice: imposing the gold-exchange standard on U.S. dependencies and client states administered by a cadre of economists and academics and tying client currencies to the dollar.
The first organized big-business push for banking reform.
Mises Institute, 2010
