Hunter Lewis - Where Keynes Went Wrong: And Why World Governments Keep Creating Inflation, Bubbles, and Busts

. Caroline Baum, Interview, Bloomberg News, March 2, 2009.

. Harvard Magazine (NovemberDecember, 2008): 60.

. Marc Faber, Gloom, Boom, and Doom Report (March 2009): 4.

. Peter Bernstein, Economics and Portfolio Strategy ( July 15, 2008): 3.

. Marc Farber, Gloom, Boom, and Doom Report (September 2008): 20. Housing bubble quotations compiled by Fred Sheehan.

. CNN interview, cited in Weekly Standard (February, 2, 2009): 15; and interview with Cal Thomas, Washington Times (January 12, 2009), n. p.

. G. Mankiw, Sunday Money, New York Times (November 30, 2008): 4.

. Jacques Rueff, in Henry Hazlitt, ed., The Critics of Keynesian Economics (New York: D. Van Nostrand, 1960), 239.

. M. Continetli, The Stimulus Trap, Weekly Standard (January 19, 2009): 21.

. John Maynard Keynes, The General Theory of Employment, Interest, and Money (Amherst, NY: Prometheus Books, 1997), 83.

. John Maynard Keynes, Newton, the Man, in Collected Writings, vol. 10, Essays in Biography (London: Macmillan; New York: St. Martins Press, 1972), 365.

. Henry Hazlitt, The Failure of The New Economics (New Rochelle, NY: Arlington House, 1978), 67.

. John H. Williams, in Hazlitt, Critics of Keynesian Economics, 285.

. Robert Skidelsky, John Maynard Keynes, vol. 2, The Economist as Savior 19201937 (London: Macmillan, 2000), 344.

. Keynes, General Theory, 351.

. John Maynard Keynes, Memo related to Macmillan Committee Report, in Collected Writings, vol. 20, Activities 192931: Rethinking Employment and Unemployment Policies (London: Macmillan; New York: St. Martins Press, 1981), 273.

. Keynes, General Theory, 242.

. Ibid., 351.

. Ibid., 174, 351.

. Ibid., 208, 309.

. John Maynard Keynes, Collected Writings, vol. 6, A Treatise on Money: The Applied Theory of Money (London: Macmillan; New York: St. Martins Press, 1971), 339.

. Keynes, General Theory, 309.

. Ibid., 16768, 19799, 268, 298.

. John Maynard Keynes, TheCollected Writings, vol. 5, A Treatise on Money: The Pure Theory of Money (London: Macmillan; New York: St. Martins Press, 1971), chap. 2 discusses mechanics.

. Keynes, General Theory, 16768, 26768.

. Ibid., 8283.

. Ibid., 328.

. Ibid., 220.

. Ibid., 376.

. Ibid.

. Ibid., 221, 376.

. Keynes, BBC Broadcast, in Collected Writings (vol. 20), 325.

. John Maynard Keynes, Collected Writings, vol. 28, Social, Political, and Literary Writings (London: Macmillan; New York: St. Martins Press, 1982), 39193, 398. In this case Keynes at least considers the possibility of deliberately raising interest rates to help cool inflation.

. Keynes, General Theory, 322n, 326.

. Ibid., 322.

. Keynes, Collected Writings (vol. 6), 176.

. Keynes, General Theory, 320.

. Ibid., 322.

. Ibid., 321.

. John Maynard Keynes, London Times ( January 1214, 1937), in Collected Writings, vol. 21, Activities 193139: World Crisis and Policies in Britain and America (London: Macmillan; New York: St. Martins Press, 1982), 38; also cited in Robert Skidelsky, John Maynard Keynes, vol. 3, Fighting for Britain 19371946 (London: Macmillan, 2000), 22.

. John Maynard Keynes, Collected Writings, vol. 22, Activities 193945: Internal War Finance (London: Macmillan; New York: St. Martins Press, 1978), 281.

. Keynes, General Theory, 303.

. Ibid., 300.

. Ibid., 303.

. Joan Robinson, An Introduction to The Theory of Employment(London: Macmillan, 1937), 96; also cited in Skidelsky, John Maynard Keynes (vol. 2), 603.

. Keynes, General Theory, 24950.

. Ibid., 321.

. Keynes, London Times ( January 1214, 1937), in Collected Writings (vol. 21), 390.

. Byrd Jones, The Role of Keynesians in Wartime Policy and Postwar Planning, American Economic Review: 12728, cited in Skidelsky, John Maynard Keynes (vol. 3), 121; see also 43, 8890, 503.

. Keynes, General Theory, 372.

. Ibid.

. Ibid., 164, 243, 3089.

. Ibid., 164.

. Skidelsky, John Maynard Keynes (vol. 3), 227, 247, 255, 3023.

. Keynes, Collected Writings (vol. 6), 193.

. Keynes, General Theory, 340.

. Ibid., 334.

. Ibid., 335, 341.

. Ibid., 353.

. Ibid.

. Ibid., 371.

. Ibid.

. Ibid., 104.

. John Maynard Keynes, Economic Possibilities for Our Grandchildren, in Essays in Persuasion (New York: W. W. Norton, 1963), 370.

. John Maynard Keynes, The Economic Consequences of the Peace(New York: Harcourt, Brace & Howe, 1920), 19.

. Ibid., 1920.

. Amy Kass, Giving Well, Doing Good: Readings for Thoughtful Philanthropists (South Bend, IN: Indiana University Press, 2008), cited in Weekly Standard (May 26, 2008): 47.

. Essays in Persuasion, 8485.

. Keynes, General Theory, 32.

. Ibid., 26.

. Ibid., 309.

. Ibid., 210.

. Ibid., 347.

. Ibid., 111.

. Ibid., 105, 21718.

. Ibid., 220.

. Ibid., 129.

. Ibid.

. Ibid.

. Keynes, letter to Poet T. S. Eliot, in Essays in Persuasion, 384; also cited in Skidelsky, John Maynard Keynes (vol. 3), 279.

. Keynes, General Theory, 37273.

. Ibid., 373.

. The author must apologize for the lack of a citation. The incident was recounted in a book read long ago and a search for a citation proved unavailing.

. Keynes, My Early Beliefs, in Collected Writings (vol. 10), 446.

. Keynes, Essays in Persuasion, 298.

. Ibid.

. Skidelsky, Letter to Cyril Connolly, in John Maynard Keynes(vol. 3), 169.

. Skidelsky, John Maynard Keynes (vol. 2), 475.

. Ibid., 423.

. Keynes, Essays in Persuasion, 125.

. Keynes, Collected Writings (vol. 10), 44647, second note.

. Skidelsky, John Maynard Keynes (vol. 3), 18.

. Skidelsky, John Maynard Keynes (vol. 3), 493.

. Michael Holroyd, Lytton Strachey: The New Biography (New York: W. W. Norton, 2005), 105.

. Keynes, My Early Beliefs, in Collected Writings (vol. 10), 441.

. Levy, the Bloomsbury Group, in Milo Keynes, ed., Essays on John Maynard Keynes (New York: Cambridge, 1975), 69; also in Paul Johnson, Modern Times: The World from the Twenties to the Eighties (New York: Harper & Row, 1983), 30.

. Robert Skidelsky, John Maynard Keynes, vol. 1, Hopes Betrayed 18831920 (London: Macmillan, 2000), 15859.

. Keynes, My Early Beliefs, in Collected Writings (vol. 10), 445.

. Ibid.

. Keynes, Essays in Persuasion, 319.

. Ibid., 321.

. Ibid.

. Ibid.

. Ibid., 366.

. Ibid., 372.

. Matt. 19:28; and Keynes, Essays in Persuasion, 372.

. Matt. 19:24.

. Keynes, Essays in Persuasion, 368.

. Ibid., 367.

. Wilhelm Rpke, A Humane Economy: The Social Framework of the Free Market (South Bend, IN: Gateway, 1960), 109.

. Skidelsky, John Maynard Keynes (vol. 2), 233.

. Keynes, Essays in Persuasion