I'm reading through a book by Hunter Lewis, co-founder of Cambridge Associates and the Mises Institute.
The book is WHERE KEYNES WENT WRONG (2009).
I'm mentioning it today because of the material in the chapter "How Keynesian was Keynes?," which I found intriguing. About much of the material in the rest of the book, I'm long since jaded, but some of this was new to me.
In 1948, writing in the American Economic Review, John H. Williams said he had had a conversation with Keynes (the famous economist had died between that conversation and this article).
Keynes allegedly told Williams "that the easy monetary policy was being pushed too far, both in England and here [the US], and emphasized interest as an element of income, and its basic importance in the structure and functioning of private capitalism. He was amused by my remark that it was time to write another book because the all-out easy money policy was being preached in his name, and replied that he did think he ought to keep one jump ahead."
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