This forum has noted the uptick in praise for misguided Keynesian ideas.
TIME proves the point with its latest issue, citing the late economist favorably in two articles. First, ?Curious Capitalist? Justin Fox writes ?Englishman John Maynard Keynes ? seemingly the source of every important economic idea these days? in describing the so-called paradox of thrift.
Later, in an article compiling a top 25 list of ?people to blame? for the current economic crisis (which I was shocked ? shocked! ? to discover includes no current Democratic members of Congress) Nancy Gibbs writes ??Capitalism,? John Maynard Keynes once argued, ?is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.??
That quote alone ought to be enough to convince people that Keynes knew not of what he spoke.
