Tuesday, January 24, 2012

Keynesianism is fascism

Keynesianism, according to Keynes, is fascism. Says Keynes:
The theory of aggregate production that is the goal of the following book can be much more easily applied to the conditions of a totalitarian state than the theory of the production and distribution of a given output turned out under the conditions of free competition and of a considerable degree of laissez-faire.
(quoted from Hazlitt, The Failure of the “New Economics”, p. 277) (I found this quotation in Hoppe, The Economics and Ethics of Private Property, p. 167) See also: Keynesianism Loves the Total State. And why is this important to remember and consider? Because many of the neo-keynesianists call themselves free market supporters and refuse to accept the socialist-stamp. Well, maybe they should reject the Marxist-socialist stamp, because they are fascist-socialists.

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