Professor Brenner Comments on Ignoring that Keynes Behind the Arras
This was supposed to have been the final triumph of John Maynard Keynes, the crisis in which governments actually did what he urged them to do during the Great Depression, the proof that an elite of puppeteers in control of monetary and fiscal policy could make the innumerable actors in economic life march wide-eyed toward recovery. ... The long-term prospects of the United States were excellent. And as Professor Reuven Brenner of McGill University observes, America had a near monopoly on entrepreneurship. Half the world was locked down by communism, "emerging markets" were still the "Third World", and Europe wallowed in statist obstacles to growth. America was the only viable destination for the world's entrepreneurial talent.
Asia Times Online
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