Wapshott gives us no less than Milton Friedman, the father of monetarism, claiming himself something of an heir to Keynes.
Keynes famously said that ‘the boom, not the slump, is the time for austerity.’
Keynes said four things that he claimed were perfectly obvious.
Keynes well understood the attractions of Communism to the affluent young.
In the much more common case, Keynes still rules: slow or negative growth leads to higher debt, not the other way around.
Mr. Keynes has shown in an interesting way how great was the effect of this decision.
Now, it was to the Keynes' that the Murchisons had gone, and Kit knew it.
Mr. Wilson was not so utterly "bamboozled" as Mr. Keynes would have us believe.
Such evidence is stronger than the biased statistics of Mr Keynes.
Mr. Keynes does not go fully to the length which this last proposition indicates.