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The Misesian Case Against Keynes


Tags Capital and Interest TheoryOther Schools of Thought

07/20/2005Hans-Hermann Hoppe

Out of false theories of employment, money, and interest, Keynes distilled a fantastically wrong theory of capitalism and of a socialist paradise erected out of paper money. Moreover, Keynes offered no theory of stagnation at all. He merely gave a perfectly normal phenomenon, such as falling prices a bad name, so as to find another excuse for his own inflationary schemes.

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Originally published in Dissent on Keynes: A Critical Appraisal of Economics.