The New Deal and Recovery, Part 15: The Keynesian Myth
George Selgin
(The first of an essay in 3 installments.)
In The Money Makers, his 2015 book on the New Deal and its aftermath, Eric Rauchway says that FDR "conducted an active monetary and fiscal program of recovery…working along lines suggested by Keynes." His book's subtitle in turn declares that between them, "Roosevelt and Keynes ended the Depression." Other popular accounts likewise declare that "[t]he beliefs of Keynes and FDR proved successful at alleviating the Great Depression"... Читать дальше...