Wednesday, August 19, 2015

The Keynesianism that drives the Fed.

Mussolini recognized, “Fascism entirely agrees with Mr. Maynard Keynes, despite the latter’s prominent position as a Liberal. In fact, Mr. Keynes’ excellent little book, The End of Laissez-Faire (l926) might, so far as it goes, serve as a useful introduction to fascist economics.” Keynes saw the similarities too, admitting his theories, “can be much easier adapted to the conditions of a totalitarian state than . . . a large degree of laissez-faire.” Hitler built the autobahn, FDR the TVA. Propaganda notwithstanding, neither rejuvenated their economies.
[1] "Obama, Hitler, And Exploding The Biggest Lie In History." By Bill Flax, New Zeal, 1/1/15 (emphasis added).


Reg T said...

Obviously, Mussolini had no better understanding of the fact that fascism is simply another brand of socialism, that it lies on the Left side of the spectrum, just as the liberals - like Keynes - did, even back then.
Actually, both Hitler and FDR did rejuvenate their economies (temporarily, at least) - by taking their countries to war. Just not by their economic policies.

Col. B. Bunny said...

A man in that great movie "The Sorrow and the Pity" pointed out that democracy was discredited as an option in the 1930s. I think he was correct and that we need to look at those times with that in mind, namely, that authoritarian solutions were the default, the only dispute being which brand.

Alas, the left today is even more enthralled with force and the lies that must be told to justify it.