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PostEzra Pound, Economist--and a Keynes Quote (Henry Levin, USA, 07/17/19 3:44 am)
The presentation of Ezra Pound as an economist (Eugenio Battaglia, 15 July) is easily explained by John Maynard Keynes's famous pronouncement:
"Practical men who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back."
I am sure that the residents of St. Elizabeth's mental institution in Washington found great wisdom in Pound's exhortations. Roosevelt did not know that he had a wizened economic expert living at public expense nearby.
JE comments: Wouldn't it have been Truman? Either way, I am curious whether we can apply this Keynes quote to Trump (not to say he's a madman...necessarily). Say what you like about The Donald, but he seems quite capable of distilling his frenzy all by himself.
Is there any academic source for Trumponomics?