“The reason why I cite Keynes’s earlier Tract on Monetary Reform is that Keynes was a very astute commentator on monetary policy as well as fiscal policy. I would ask the people who call themselves Keynesians to read Keynes. Or read, for example, the last volume of Robert Skidelsky’s wonderful biography. I’ve long revered Keynes’s intellect. I spent much of my time as a graduate student in an argument with him about German hyperinflation. That argument seems to me still to be relevant today, and one that people who quote him seem to have forgotten.” Read more...
Niall Ferguson on His Intellectual Influences