January 9, 2021
Under the Keynesian takeover of Bretton Woods Trans-Atlantic nations became increasingly dominated by bloated bureaucratic systems while plans for genuine development were undermined, Matthew Ehret writes.
It is as if the battle lines of civil war have been drawn up between masses of Americans who have been led to believe in either a false “bottom up” approach to economics, as defined by the Austrian School represented by Friedrich von Hayek, or in the “top-down” approach of John Maynard Keynes. The former sacrifices the general welfare of the whole nation for the sake of the parts (i.e. individual liberties), while the latter sacrifices the individual liberties of each citizen for the sake of the general welfare (or at least some oligarch’s definition of what that should be).
In my last article, I introduced, in broad strokes, a history of the American System of political economy as advanced by Benjamin Franklin, Alexander Hamilton, John Jay, Henry Clay, Henry Carey, Lincoln, and McKinley. We reviewed how it was derailed by McKinley’s 1901 murder and was only revived 30 years later with Franklin Roosevelt’s 1932 presidential victory which put a stop to the 1933 Bankers Dictatorship.
Finally, we briefly explored how and why both John Maynard Keynes and Friedrich von Hayek whose ideas so deeply influence the polarization of the USA today, not only despised FDR but hated everything the republic stood for.
In this second installment of a three-part series, we will shed light on the anti-human ideas and the political operations that shaped the mind, the life and the politics of Lord John Maynard Keynes (1883-1946).
Keynes the Fabian Eugenicist
Although Keynes is heralded as the guiding light of the New Deal (and, as such defended by modern “Green New Dealers” and Great Reset technocrats wishing to impose a top-down system of governance onto the world), the fact is that Keynes not only detested Franklin Roosevelt, but also humanity more in general.
This will be seen clearly in 1) his devotion to the theories of Thomas Malthus, 2) his promotion of eugenics as a science of racial purification and population control,