Like John Maynard Keynes, John Kenneth Galbraith was the beneficiary of the confusion that he himself created!
Since economics had strayed from a scientific basis (by trying to force a round peg into a square hole) when it fell victim to 'physics envy,' it had very little defense against the fallacious proclamations of these ego-driven charlatans.
A nanosecond of exposure to the subjectivist methodology of Austrian economics would have caused these false statements and half-truths to perish and disappear from any further consideration. Woe unto us that the corrupt link between the political systems and the moral relativists was already a dominant feature of western civilization.
This corruption under the diseased 'guidance' of the economic and political quacks spread a pernicious materialism around the world.
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