Baptized Inflation: A Critique of "Christian" Keynesianism

by Ian Hodge

For about three decades, from the mid-1930's until the mid-1960's, the economic ideas of one man ruled the Western John Maynard Keynes. Even today, his aging disciples have only recently begun to retire from university teaching in sufficient numbers, so as to allow a serious debate in economics to re-appear after half a century in the better universities. In the second-rate and third-rate colleges, Keynes' ideas are still dominant. Who was John Maynard Keynes? He was the son of British economist John Neville Keynes. He was a brilliant essayist with a wide-ranging mind. He made his reputation with a book on the theory of probability, not economics. He was also a man who never went through the boredom or the discipline of a graduate program in economics. He earned a bachelor's degree and quit. Smart man. He was hired to lecture in economics program. He wrote his way into prominence. He was also a homosexual pervert who led a secret society heavily represented by other homosexual perverts. His ideas laid the foundation of the "mixed economy" part free market, part government planning, and completely inflationary. As he grew older, his books became increasingly incoherent and steadily more popular, for each book increasingly promoted national economic planning. The politicians loved he was giving academic reasons for budget deficits, price controls, and monetary inflation. The younger economists loved him, for his ideas were creating lifetime employment opportunities for them as government economic planners. It was Keynes, more than any man in the twentieth century, who is intellectually responsible for today's looming bank crisis, the huge government deficits, and the eventual default of governments on their financial obligations. He gave the Western economy a large does of intellectual AIDS.

Genres: Economics

274 pages, Paperback

Published January 1, 1986

Reviews

[Uri Brito]

Great work. North's Intro was worth the book. Brings out the harsh reality of Keynesian economics, and also adds that Keynes was an open homosexual. The book is a response to a Christian disciple of Keynes, Douglas Vickers. I interviewed Dr. Hodge yesterday and hope to post it on www.trinitytalkradio.com in the next couple of days.

[Douglas Wilson · Rating 4 out of 5]

Excellent.

[Steven H · Rating 1 out of 5]

A STRONG ATTACK ON A "CHRISTIAN KEYNESIAN"

This 1988 book is a critique of an admittedly "obscure economics professor" (Douglas Vickers) who wrote two books defending Keynesian economics in the name of the Bible."

Hodge begins, "I am doing everything I can to offend classroom humanists who parade themselves as Christians, and who live off the donations of naive Christians who trust their children to these ideological child seducers." (Pg. xix)

He charges, "Here is a scholar who proclaims his adherence to the Bible and to (Cornelius) Van Til, and yet he tells us that morality cannot be legislated. What then can be legislated? Of course! neutral law. You know: the thing Van Til has spent his entire career arguing against." (Pg. 92)

He asserts, "But the greatest disaster of all in the Keynesian system is the LOSS OF MORAL VALUES that it causes. (What would you expect from an economic system designed by a h_________?") (Pg. 245)

Not a book for the faint-hearted, it will be of some interest to some Christians looking for a critique of Keynesian policies.