6. Keynes and the ‘New Economics’ of Fascism
![Austrian School of Economics Salerno](https://cdn.mises.org/styles/responsive_4_3_650w/s3/static-page/img/Austrian%20School%20of%20Economics%20Salerno%2020140603_750x516.jpg.webp?itok=4ho2ge2C 650w,https://cdn.mises.org/styles/responsive_4_3_870w/s3/static-page/img/Austrian%20School%20of%20Economics%20Salerno%2020140603_750x516.jpg.webp?itok=ZwW_hQnx 870w,https://cdn.mises.org/styles/responsive_4_3_1090w/s3/static-page/img/Austrian%20School%20of%20Economics%20Salerno%2020140603_750x516.jpg.webp?itok=NzpCyv64 1090w,https://cdn.mises.org/styles/responsive_4_3_1310w/s3/static-page/img/Austrian%20School%20of%20Economics%20Salerno%2020140603_750x516.jpg.webp?itok=KG4tRJYE 1310w,https://cdn.mises.org/styles/responsive_4_3_1530w/s3/static-page/img/Austrian%20School%20of%20Economics%20Salerno%2020140603_750x516.jpg.webp?itok=VfhfTD30 1530w)
Monetary inflation is the key way to bring about economic fascism. Fascism was a spending, borrowing government, militarism, imperialism, and a planned economy. Keynes’ followers came to power in the 60s with the Kennedy administration. Nixon went on to impose wage and price controls.
Lecture 6 of 10 from Joseph Salerno’s Revisionist History and Contemporary Theory.