Critical of Keynesian Economics

John Maynard Keynes’ philosophies made a bad economic situation in the 1930’s worse by prolonging its recovery.  Keynesian economics was the philosophy of the Roosevelt Administration.  Keynes promoted huge increases in spending on social programs by federal governments. He believed that you could spend your way out of any economic downturn.

Keynesian’s believe the government is the solution to all problems and that big business is the cause of all that is evil and greedy. Keynesian’s by nature are liberal. Liberal in their views about lifestyle, capitalism, and government.