So this is the master mind of modern progressive economics.
Weird and Wonderful US History
“In 1923, the United States produced 49% of all products worldwide. 6 In the years between 1919 and 1927, the American economy grew ten times as fast as in the years of 1900-1919. 7”
[Twenty years dominated by Teddy and Woodrow Wilson — 1900-1919. Even sharper than that — a depression that spilled into 1921. 1919 and 1927 ... sharper than that ... the Harding Recovery from 1921 policy / Roaring Twenties, leaping out from Wilson’s depression through tax cuts AND spending cuts! It would be interesting to compare Teddy’s Panic of 1907 on through to Wilson’s depression into 1921 with Harding’s 1922 - 1927]
http://www.nomediakings.org/malte/ha/ha_weiku.htm
5 Detlef Junker, “Die Aussenpolitik der USA 1920-1940”, in: Otmar Franz ed., Am Wendepunkt der europaeischen Geschichte (Goettingen, 1981), p. 202.
6 Hermand, p. 49.
7Ibid., p. 52.
8 Ibid., p. 49.
9 Ibid., p. 51.
10 Ibid., p. 52.
11 Mary Nolan, Visions of Modernity: American Business and Modernization of Germany (Oxford, 1994), pp. 30ff.
Unfortunately, his misguided take on economics is alive and well, with a stranglehold on government policies...
Anyone surprised about weirdos on far left?
I did not know this about Keynes.