Don’t mistake me!! There is a boon on that title!! (Bastard Keynesianism: The Evolution of Economic Thinking and Policymaking since World War II (Contributions in Economics and Economic History) by Lynn Turgeon)
I indeed wanted to post after the celebration of 75 year old Keynes book on General Theory. The damages done by this book is now history.
Moreover, Ann Pettifor writes in Blooomberg:
- This “bastard Keynesianism,” as British economist called it, subverted and continues to block the Keynesian revolution both in vision and in method. Monetarists were concerned with the quantity of money. Keynes’s overwhelming concern was with the rate of interest on money. He argued that monetary policy should always support the private and public economy, stimulate it, and prevent recession.
The Austrian school of economics main concerns is unlimited money creation and artificial creation of interest rate. So biting the money with extremely low interest rate is the culprit for economics crisis.