![keynes cubist](https://quadrant.org.au/wp-content/uploads/2015/07/keynes-cubist-1.jpg)
Another Tilt at the Keynesian Windmill
Wonder why interest rates are ridiculously low? Wonder why governments are so much in debt? Wonder why economies are forever performing below par? Look no further than the malign influence of John Maynard Keynes. He, of course, was not a bad man; he just had bad ideas. This has proved to be no impediment to their continuing currency.
I have an article in the December issue of Quadrant magazine (“Making sense of negative interest rates“) on the topic of trying to make sense of very low interest rates. My final paragraph included a reference to The Economist opining as follows: “The ECB’s critics tend to miss the underlying cause of low interest rates: weak demand across most of the rich world.”
I retorted: “Economists wouldn’t talk like that if they understood how economies actually work.” And they wouldn’t, if they had not been schooled in Keynesian economics.
Keynesian economics continues to be a blight on the economics profession and, consequently, on mankind…
Madam: Archbishop Fisher (July-August 2024) does not resist the attacks on his church by the political, social or scientific atheists and those who insist on not being told what to do.
Aug 29 2024
6 mins
To claim Aborigines have the world's oldest continuous culture is to misunderstand the meaning of culture, which continuously changes over time and location. For a culture not to change over time would be a reproach and certainly not a cause for celebration, for it would indicate that there had been no capacity to adapt. Clearly this has not been the case
Aug 20 2024
23 mins
A friend and longtime supporter of Quadrant, Clive James sent us a poem in 2010, which we published in our December issue. Like the Taronga Park Aquarium he recalls in its 'mocked-up sandstone cave' it's not to be forgotten
Aug 16 2024
2 mins