Presents an overview of the economic theories of John Maynard Keynes and offers a critique of the Keynesian economic strategy of borrowing and spending which has been used by the current Obama administration to deal with the fiscal crisis of 2009.
When the world financial system failed in 2008, world governments used a playbook devised by famed British economist John Maynard Keynes.But should we be relying so completely on Keynes? What if he is wrong? If Keynes is wrong, then so are the economic policies of Barack Obama, George W. Bush, and virtually all world governments today. Where Keynes Went Wrong addresses these critical questions in a lively, stimulating, and transparently clear style."Just what the world needs, and just in time. Keynes is demolished and his quack system refuted. But this wonderful book does more. It restores clear thinking and common sense to their rightful places in the economic policy debate. Three cheers for Hunter Lewis!" - James Grant, Editor of Grant’s Interest Rate Observer