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"Keynesian" Patrick Wyman did a long interview with a biographer of Keynes recently. https://art19.com/shows/tides-of-history/episodes/89a65fa5-6a8a-4ef9-be91-32a3cfeab58a It's the May 28, 2020 installment of Tides of History. Summary: The paragraph on "Keynesian" in high school textbooks is "prime the pump." But, Keynes was a genius cool guy who hung around with poets and artists. He's not limited to, "government should deficit spend to fill in the shortfall of private spending until private spending picks up." His philosophy was something like, "The good things in life are good and fun and everyone should be able to live a good and fun life. There's no morality in economics or government spending. The government's job should be to do things so that people can be secure and happy. In the long run, we are all dead." But, he was a genius, so there's much more to it. The big expression of this in the real world seems to have been the New Deal where FDR invited the labor movement and friends to come up with cool ideas to keep people working at things that employ their actual skills and training and that created useful and beautiful things. [Of course, our Reaganite schoolbooks turned that into "BIG MEAN FDR GOT REELECTED FOUR TIMES BY BEING UNPOPULAR AND EVIL AND PUTTING THE US INTO DEBT."]
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Feb 21, 2021 18:11
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| # ¿ May 9, 2024 12:54 |
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