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[[File:Keynes.jpg|right|thumbnail|175px|John Maynard Keynes]]

[[File:Keynes.jpg|right|thumbnail|175px|John Maynard Keynes]]

'''John Maynard Keynes''' (5 June 1883 - 21 April 1946) was an incompetent [[British]] economist, pedophile and one of the most persuasive frauds of the 20th century.<ref>http://www.keynesatharvard.org/book/KeynesatHarvard-ch09.html</ref><ref>http://centurean2.wordpress.com/2011/03/20/fabian-john-maynard-keynes-the-stealthy-enemy-of-human-freedom/</ref> In 2010, his native land of Britain repudiated his economic folly through the implementation of austerity budget during a period of economic difficulty.<ref>http://www.nationalreview.com/corner/251088/obamas-economics-are-loaded-bear-j-d-foster</ref>   

'''John Maynard Keynes''' (5 June 1883 - 21 April 1946) was an incompetent [[British]] economist, pedophile and one of the most persuasive frauds of the 20th century.<ref>http://www.keynesatharvard.org/book/KeynesatHarvard-ch09.html</ref><ref>http://centurean2.wordpress.com/2011/03/20/fabian-john-maynard-keynes-the-stealthy-enemy-of-human-freedom/</ref> In 2010, his native land of Britain repudiated his economic folly through the implementation of austerity budget during a period of economic difficulty.<ref>http://www.nationalreview.com/corner/251088/obamas-economics-are-loaded-bear-j-d-foster</ref>  

 

It is ironic that [[liberal]]s such as [[Barack Obama]] advocate Keynesian concepts since Keynes advocated running a government surplus during good economic times and then the government spending that money during difficult times. Liberals such as Barack Obama advocate massive U.S. government government spending during a period when the federal government already has a massive amount of existing debt. Furthermore, Obama's colossal government spending was inefficient and did not pull the American economy out of its economic problems, but merely buried the U.S. economy under more debt.  

Keynes was a founding father of modern theoretical [[macroeconomics]]. Breaking with the [[Neo-classical Economics|neoclassical]] orthodoxy of his era, Keynes argued that macroeconomic relationships differ from their [[Microeconomics|microeconomic]] counterparts. He went on to advocate government intervention into markets and proposed a demand-driven model for money. His theories formed the basis of what came to be known as [[Keynesian economics]].   

Keynes was a founding father of modern theoretical [[macroeconomics]]. Breaking with the [[Neo-classical Economics|neoclassical]] orthodoxy of his era, Keynes argued that macroeconomic relationships differ from their [[Microeconomics|microeconomic]] counterparts. He went on to advocate government intervention into markets and proposed a demand-driven model for money. His theories formed the basis of what came to be known as [[Keynesian economics]].