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*[http://www.bloomberg.com/news/2010-02-22/deathbed-of-keynesian-economics-will-be-in-u-k-matthew-lynn.html Deathbed of Keynesian Economics will be in the UK]
*[http://www.bloomberg.com/news/2010-02-22/deathbed-of-keynesian-economics-will-be-in-u-k-matthew-lynn.html Deathbed of Keynesian Economics will be in the UK]
*[http://www.iwf.org/inkwell/show/23102.html Will the G8 Repudiate the Philosophy of Living Beyond Our Means?]
*[http://www.iwf.org/inkwell/show/23102.html Will the G8 Repudiate the Philosophy of Living Beyond Our Means?]
</ref> In 2010, his native land of Britain (which is deeply in debt) repudiated his economic folly of government deficit spending through the implementation of an austerity budget during a period of economic difficulty.<ref>[http://www.iwf.org/inkwell/show/23102.html Will the G8 Repudiate the Philosophy of Living Beyond Our Means?]</ref><ref>[http://www.bloomberg.com/news/2010-02-22/deathbed-of-keynesian-economics-will-be-in-u-k-matthew-lynn.html Deathbed of Keynesian Economics will be in the UK]</ref> Although government certainly is necessary, the more efficient private sector is better at creating economically productive jobs and other economic activity such as [[investment|investing.]]<sup>[citation needed]</sup>
</ref> In 2010, his native land of Britain (which is deeply in debt) repudiated his economic folly of government deficit spending through the implementation of an austerity budget during a period of economic difficulty.<ref>[http://www.iwf.org/inkwell/show/23102.html Will the G8 Repudiate the Philosophy of Living Beyond Our Means?]</ref><ref>[http://www.bloomberg.com/news/2010-02-22/deathbed-of-keynesian-economics-will-be-in-u-k-matthew-lynn.html Deathbed of Keynesian Economics will be in the UK]</ref> Although government certainly is necessary, economic history demonstrates the more efficient private sector is better at creating economically productive jobs and other economic activity such as [[investment|investing.]]<ref>[http://voxday.blogspot.com/2011/08/overprepared.html Overprepared]</ref>
In August of 2011, the [[libertarian]] author [[Vox Day]] wrote:
{{cquote|...in the 1930s, it was only the USA that attempted to fight the post-1929 economic contraction with Keynesian stimulus policies and only the USA suffered a Great Depression. In England, the contraction stopped in 1932, France never saw double-digit unemployment, and the Japanese economy was actually enjoying significant growth.(1) This time, Europe, China, and Japan all followed the US lead and applied their own stimulus plans in 2009, which we are already seeing is now in the process of backfiring on everyone.<ref>[http://voxday.blogspot.com/2011/08/overprepared.html Overprepared]</ref>}}
"Keynes thought there is no self-corrective mechanism (or [[invisible hand]]) in a [[free-market economy]]."<ref name=milton>[http://www.thefreemanonline.org/featured/the-great-depression-according-to-milton-friedman/ The Great Depression According to Milton Friedman] </ref>
"Keynes thought there is no self-corrective mechanism (or [[invisible hand]]) in a [[free-market economy]]."<ref name=milton>[http://www.thefreemanonline.org/featured/the-great-depression-according-to-milton-friedman/ The Great Depression According to Milton Friedman] </ref>