Thursday, September 22, 2011

McAlvany Weekly Commentary

The Final Days of the Keynesian Utopia: An Interview With Hunter Lewis

A Look At This Week’s Show:
-Keynes fooled an entire nation into believing that we could spend our way to recovery. Today’s news proves that this is as wrong as it initially sounded.
-Keynes said, “Drive down interest rates” which in the final analysis leads to a whirlwind of inflation, bubbles and busts.
-The biggest obstacle in changing the flawed status quo in government is not the voting public, but rather special interest groups refusing to give up privilege.

About the Guest:
Hunter Lewis has contributed to many newspapers and periodicals including the New York Times, the Times of London, the Washington Post, and the Atlantic Monthly, as well as numerous websites such as Forbes.com. He is also an author and editor of books on economics and moral philosophy. His works include: Where Keynes Went Wrong: And Why World Governments Keep Creating Inflation, Bubbles, and Busts, Are the Rich Necessary?: Great Economic Arguments and How They Reflect Our Personal Values.

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