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J. M. Keynes: An Anti-Semitic Economic Crackpot

Written by Gary North on July 22, 2013

John Maynard Keynes is universally regarded as the most influential economist of the twentieth century. This assessment is correct.

His 1936 book, The General Theory of Employment, Interest, and Money, baptized the deficit spending programs that the Western governments had been following — without success — ever since 1930. His conclusion: more of the same. Lots more of the same.

Because the West’s intelligentsia and its politicians wanted to hear that, they adopted him as the patron saint of government spending. He therefore became untouchable. The cover-ups began. The Web has made the following more difficult to conceal.

Professors do not go out of their way to point out to their students that Keynes did not earn a degree in economics. He earned a B.A. in math. He never received a graduate degree.

They cover up the fact that he got his job in the economics department at Cambridge because of nepotism. His father, J. N. Keynes, was on the faculty. The head of the department, Alfred Marshall, put up the money to give him a lectureship. He was 27 years old. They made him a fellow in 1911, at the age of 29.

They immediately made him editor of The Economic Journal, the most prestigious academic economics journal in Great Britain. He held that position until 1944. So, if you wanted your article published in The Economic Journal, you did it Keynes’ way.

Nice work if you can get it, and if you get it, tell me how.

They all knew of his homosexuality. They covered it up. The fact did not become public knowledge until the publication of Michael Holroyd’s two-volume biography of Lytton Strachey in 1967, an obscure book that became an instant sensation when the facts on Keynes became public.

He lived a charmed life.

He was an economic crackpot. He was an anti-Semite. Only this year has the latter become public knowledge. The cover-up has lasted a long time.


On the fringes of the Right wing in America there is a very special movement. It is crackpot to the core. It believes that the Jews are behind everything bad. Even worse, the Jews are making a potful of money doing it. This really annoys them.

Not all Jews, of course. Not the guy who runs the local deli, who makes the terrific corned beef sandwiches. He’s merely a circumcised dupe. It’s the other kind. The secret ones. The cartel. The Power behind the powers.

In the 1890’s, the anti-semitic crackpots in America gravitated toward the Left. The Greenback movement in the early 1880s had its share of them. The Greenback Party died in the late 1880s, and some of its members joined the Populist Party. This was a Left-wing movement. The anti-semitic elements in the Populist movement were discussed half a century ago in Richard Hofstadter’s book, Anti-Intellectualism in American Life.

Early in the twentieth century, the crackpots began spreading out. The creation of the Federal Reserve System in 1913 was a springboard for them. Not all were anti-Semites, but some of them were. The most famous example in American history was Father Coughlin in the 1930s. He was a Left-wing radio priest. He was a true crackpot in the Greenback tradition. He had a huge audience.

The heart of the Greenback movement is the economic equivalent of the perpetual motion machine. The Greenbackers believe that an economy can operate in terms of zero interest. This is the classic mark of the monetary crank.

The heart of their error is this: a belief that money is the same as capital. Money can be free and should be free. Fiat money guarantees free money when issued by the government. Therefore, the government can provide free capital.

But it doesn’t. Why not? Bankers. And we know which kind of bankers, don’t we? Yes, we do.

(For the rest of my article, click the link.)

Continue Reading on www.garynorth.com

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18 thoughts on “J. M. Keynes: An Anti-Semitic Economic Crackpot

  1. plainolamerican says:

    Gary North is a myth believing religious fool who wants gays stoned to death and thought Y2K was going to happen.
    He should be ignored even when he's on his knees sucking up to jews.

  2. lucky3511 says:

    Please stop using the Jewish people as scapegoats. It is just those self centered money hungry speculators who are destroying our country, working along with the crackpot politically correct nuts. It is not a race or religion, it is PCs and associates as the root cause of the killing of USA

  3. spencor2 says:

    Keynes approach to economics reminds me of a rowboat I once had. Each year I pulled it out of the water and allowed it several weeks to dry, scraped the bottom free of barnacles and other stuff growing thereon. I then caulked the cracks between the planking with a cotton like material before putting on two coats of marine paint. In the Spring, I put the boat back in the water, and . . . it leaked! The wooden planks had to become wet and swell before the caulking prevented the water from seeping in. How does this remind me of Keynes? No matter how much caulking you put in Keynes economic theory, it never is sufficient to make the system sound! It's a matter of ideology. Some systems are sound, others simply are not. The problem is that some people refuse to see the system for what it is and make excuses to continue to use it even when the results are disastrous. Amazing! It is the ideology that keeps them from ever succeeding, but they refuse to see it! Just like Liberalism. Liberalism is based upon man's wisdom and leaves no place for God. And God has a problem with Liberalism, because it mocks Him. Unless you use God's economic principles, the system won't work! You can't keep spending what you don't have, because it never stimulates the system to bring a balance! What it ultimately brings is chaos and collapse!

  4. its bloody obcious says:

    the term anti-semite, is incorrect, first it assumes that the mythical bible character Shem existed, second, even if he did exist, it assumes jews are descended from him. A better term would be anti-jew.

    as for gary north, is is obvious he is an anti-odinite (haha) or anti-white, anti-european, take your pick. North believes God is a jew, and the jews are the chosen people. gary north calls anti-semites, crackpots- why? because there is no evidence of jewish control? do the white countries resemble nations that are run by and for the interests of white people? if you say YES, then we should no longer discuss- you are an idiot or a liar…or maybe just a water-walker worshiper.

  5. saintquinn says:

    This article was the last straw with psycho Gary North…
    He's bashing one decent aspect of this homo Keynes…Exposing the crimes of the jew….
    The poor jew had been kicked out of 79 countries (because us goyim are jealous of them…..)

  6. LiberalsRCommies says:

    Its not that ALL jews are behind everything bad, Its because the ones that are at the top of that heap are ALL jews.

  7. WhiteFalcon says:

    I think you've got it.

  8. WhiteFalcon says:

    The onley thing wrong with Keynes' theory is the fact that it is wrong and it own't work. Therefore it is a big POS, much like the present POTUS.

  9. …. On the fringes of the "right wing" in America there is a crackpot to the core element that believes "the Jews" are behind everything bad ….

    On the "right wing?" (What on Earth is an American "right wing?" Bet you cannot define one!)

    Hatred of "the Jews" is as definitive of America's Left as is its vicious self-and-own-culture-loathing/envy-driven hatred of everything else!

    We Who Are Right (A.K.A. We, The People) are for the most part rigorous followers of the direction that we must: "Love one another!"

  10. "He led a charmed life." That's one way of putting it. The man was uncanny. You know, he may have entered into some kind of pact with the devil. Whenever I think of Keynes, I think of the character of Lord Feverstone in Lewis' That Hideous Strength. Facile, flippant, successful, untouchable–until the very end. Read the book.

    "In the long run, we are all dead"–Keynes. Not all of us, John Maynard. Not all of us.

  11. BTW, this article seems to have flushed out the right-wing fringe element among Gary's readership. I've long suspected it was there. Take a hike, guys.

  12. Keynes' theory is like Marxism in one very big practical way: Neither one of them make economic sense, but that's not the point. The point is that they both give great power to the powerful, and therein lies the justification for their existence and acceptance.

  13. well censored says:

    "Take a hike,guys"
    why, you cant take criticism, and differing opinion? Gary will likely begin to more closely monitor and censor the comments section, then it will be useless and sterile like yahoo message boards, and a million others.

  14. The reason I made that comment is because I don't want to be associated with this type of "conservative". I wouldn't say that to liberals–there's no danger of my being confused with one of them (even though I'm in favor of freedom in personal/social issues). It's not the criticism I resent, nor the differing opinion. It's the wolves masquerading as sheep I object to.

  15. The Architect of the US Federal Reserve Bank, JM Keynes, was a Pedophile & Pervert http://chasvoice.blogspot.com/2011/08/john-maynar

  16. Keynes wasn’t the brightest economist, but he may have been the most clever. His misinformation gave power-lusting politicians what they were looking for, and made himself wealthy and famous.

  17. 1baronrichsnot says:

    ok, the truth though!

  18. Gary North.com has been flagged as an "attack website," and access is barred by my antivirus program.