Monday, May 09, 2011

Keynes and the Pyramids - Paul A. Cantor - Mises Daily

Keynes and the Pyramids - Paul A. Cantor - Mises Daily: "[Keynes] prefers to turn matters over to the government and let it produce things that nobody wants — and at as extravagant a cost as possible. Keynes's preference for pyramids over railways is emblematic of statist thinking in general — he values the static over the dynamic; he champions monuments to state power over enterprises that might actually get ordinary people where they want to go."

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