Reply To: Lord Keynes


After reading Henery Hazilitt’s “Failure of the ‘New Economics'”, I think it is most difficult to know what Lord Keynes would recommend. He often used the same word to mean different things a few pages later on in his General Theory. Also, he often contradicted himself. Hazilitt rips his ideas to shreds, line by line. However, his followers are all apologists and each tell you what he meant leaving their own various ideas and spins on it.