The Keynesian Conundrum: Chapter 24 Bankruptcy?
"Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back."John Maynard Keynes, The General Theory, Chapter 24, last paragraph
The madmen in authority today are distilling their frenzy from Keynes, just as he predicted. From my perspective, Keynes is the most misread, misinterpreted, misquoted and misunderstood economist of modern times....