History of Economic Thought: John Maynard Keynes and the Battle for Bretton Woods

Recommend going back & reading the previous article, (link in this one) EWR

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From Fabian Eugenicist to World Government High Priest

By Matthew Ehret-Kump

Global Research, January 14, 2021Strategic Culture Foundation 9 January 2021

Under the Keynesian takeover of Bretton Woods Trans-Atlantic nations became increasingly dominated by bloated bureaucratic systems while plans for genuine development were undermined, Matthew Ehret writes.

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It is as if the battle lines of civil war have been drawn up between masses of Americans who have been led to believe in either a false “bottom up” approach to economics, as defined by the Austrian School represented by Friedrich von Hayek, or in the “top-down” approach ofJohn Maynard Keynes. The former sacrifices the general welfare of the whole nation for the sake of the parts (i.e. individual liberties), while the latter sacrifices the individual liberties of each citizen for the sake of the general welfare (or at least some oligarch’s definition of what that should be).

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