Papers of Interest
The Misesian Case Against Keynes
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.
Originally published in Dissent on Keynes: A Critical Appraisal of Economics.