The Failure of the Keynesian State featuring Rep. Ron Paul

MISES CIRCLE/HOUSTON, TEXAS – Sponsored by Jeremy S. Davis “The Failure of the Keynesian State” examines the central economic planning theories propagated by John Maynard Keynes. While published after the start of FDR’s New Deal programs, the government welcomed the state-centric theories with open arms as providing justification for the federal government’s intrusion into the economy.

While the Great Depression far outlasted the New Deal and with the our economy reeling from a series of centrally planned economic bubbles coupled with the federal government bleeding red ink, the question remains: does this approach of massive government spending actually stimulate the economy and lessen the length of economic recession.

The following segment, featuring Representative Ron Paul and with an introduction by the institute’s founder, Lew Rockwell, Dr. Paul offers his view formulated upon years of research and first-hand experience as a representative to Congress the consequences of unchecked government spending.

Source(s): The Ludwig von Mises Institute • Mises Institute Media