John Maynard Keynes Quotes
Conservatism leads nowhere; it satisfies no ideal.
Keynes, John Maynard. "Am I a Liberal?" Essays in Persuasion, Macmillan, 1931, p. 327.
The Republicans had been badly beaten in the 2012 Presidential Election. Many attributed the loss to the dissatisfaction of the electorate with the Republican ideas which had become more and more conservative in recent decades. Others, like Rubio, wanted to maintain the existing ideas which were very different from the Republican ideas earlier when they won more elections.
Although most conservatives were and are ardent admirers and followers of Mises, he was not so enamored with them. “Conserving” the status quo was to him totally futile as change was always pervasive. See {632403}.
John Maynard Keynes, 1st Baron Keynes, CB, FBA (5 June 1883 – 21 April 1946), was an English economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. Originally trained in mathematics, he built on and greatly refined earlier work on the causes of business cycles. One of the most influential economists of the 20th century, he produced writings that are the basis for the school of thought known as Keynesian economics, and its various offshoots. His ideas, reformulated as New Keynesianism, are fundamental to mainstream macroeconomics.