Yet More Misinformation from the Pointless Pain Caucus...
Barkley Rosser calls out Russ Roberts and John Papola:
EconoSpeak: Did Keynes Support Having a "Central Plan"?: That he did is charged by "Hayek" in the freshly released "Keynes versus Hayek: Round 2"... by Russ Roberts and John Papola.... I do find it disturbing that increasingly Austrians and some others have taken to charging Keynes with having supported "central planning," as indeed done in this video. Is this correct? I think that the answer is largely "no," with it certainly being that answer if one means by that command central planning of the Soviet type that Hayek criticized in his Road to Serfdom (which Keynes praised, btw, when it first came out)...
Keynes did not believe in "central planning," for any not-stupid claim as to what "central planning" means.
Strategic interventions in financial markets to eliminate excess demands for liquidity, safety, or duration are not "central planning." Direct government expenditures to put the unemployed to work are not "central planning." Let's give the microphone to John Maynard Keynes: the close of his General Theory.
I think anybody who has read it is not honest when they claim that Keynes supported "central planning":
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