"In the long run, we are all dead."

The little "About Me" section at the top right of this blog tells you what I think of John Maynard Keynes and his disciples and minions.

When Murray Rothbard was asked if he had anything positive to say about Karl Marx, he replied, "At least he wasn't a Keynesian!"

Q:

Did Keynes actually believe his policies were viable for the long run?

A:

[download longrun.mp3] (27 seconds) (56k)

As I mentioned earlier, Joseph Salerno is doing a 10-part lecture series this week at the Mises Institute. I'll come back and comment later on the lesson of the French Liberal School. Meanwhile, I point you to this morning's lecture:

Keynes and the 'New Economics' of Fascism
Austrian School of Economics: Revisionist History and Contemporary Theory -- Joseph Salerno

(Note that Salerno is slotted to deliver what I assume will be a related talk at the upcoming LvMI conference on The Economics of Fascism: "The Keynesian and Chicago School's Early Infatuation with Fascism".)

For more details on the specific macroeconomics of Lord Keynes, here are 2 more lectures from Mises Audio:

Critique of Keynesian Macroeconomics
Mises University 2003 (1:03:39) -- Jeffrey Herbener

The Utopianism of Marx and Keynes
Mises University 2003 (1:03:39) -- Jeffrey Herbener

And here's Murray Rothbard's review of Keynes's specific political ideology:

Keynes the Man: Hero or Villain?
Recorded 04/29/1989 at the Keynes and Keynesianism Conference, Harvard Square, MA (41:16) Uploaded 05/25/2004 -- Murray Rothbard