I had remembered hearing about a certain take on “what Keynes really meant” from a commenter at The Money Illusion. I repeatedly tried googling for “Keynes” with “splenetics” and some other terms I could recall from the piece. I tried googling for comments at Scott’s blog, but didn’t come up with anything. Recently I decided to give it another go and just browse through some comments of somewhat old posts referencing Keynes. After just a few minutes I found it: “Current” on the post “Dr. Krugman and Mr. Keynes” referenced Roger Garrison’s review of Alan Meltzer’s “Keynes’s Monetary Theory: A Different Interpretation”. Meltzer thinks the most important think to understand about Keynes is that he is upset with capitalism and instead favors a form of socialism. Take that, Bruce Bartlett!

Advertisements