Says Simon Black, Senior Editor, SovereignMan.com, “In terms of economic philosophy, very little separated Keynes from Lenin. Keynes even praised Lenin when he wrote, “Let us not belittle these magnificent experiments or refuse to learn from them… the Five Year Plan in Russia, the Corporative state in Italy…””
These folks were all the rage among the elites in Great Britain and the U.S. We’re surprised Keynes didn’t express similar admiration for Herr Hitler, who had, after all, restored Germany to its former days of glory, solved the unemployment problem, and was such a cultured man – watercolorist par excellence and classical music lover. Maybe he did.
And what about the New Deal promoted by the beloved Pres. Franklin D. Roosevelt? With his henchmen, he, too, was able to arm the US, seize control of the national economy, institute wage and price controls, set up national concentration camps for possible ‘enemies’ and create a national draft to scoop up able-bodied, but unemployed men to serve in the Army – first with the excuse of a Great Depression, then World War II.
Remember all the pigs the Roosevelt administration killed to “help” the farmers? They actually believed that reducing the supply would raise the price in a totally deflationary economy. All that little Keynesian-style experiment did was increase hunger and unemployment. Oh, well. You have to break a few eggs…
What all these monsters had in common was their devotion to war and to central planning of their national economies. They all loved those huge cheering, marching crowds! The tanks! The airplanes! The soldiers! They needed each other, too, to justify their megalomaniacal behavior and to have an actual enemy. Their shifting alliances kept their enemies at home off balance.
Ah! Those were the days!