Rebuttal of Keynesian Economics
William Lloyd Garrison, Jr., "The Hand of Improvidence," The Nation, November 14, 1934.
The New Deal, being both a philosophy and a mode of action, began to find expression in diverse forms which were often contradictory. Some assisted and some retarded the recovery of industrial activity. . . An enormous outpouring of federal money for human relief and immense sums for public-works projects started to flow to all points of the compass. . . Six billion dollars was added to the national debt... a bureaucracy in Washington grew by leaps and bounds . . . and finally, to lend the picture the heightened academic touch, John Maynard Keynes, of Cambridge, England,. . . commenced the plan of buying Utopia for cash.