5/26 The Price of Peace: the Life of John Maynard Keynes w/ Zachary Carter

May 26, 2020

Sam hosts HuffPost journalist Zachary Carter to discuss his new book, The Price of Peace: Money, Democracy, and the Life of John Maynard KeynesCarter and Sam explore the life of Keynes and his role in developing the concept of Macroeconomics and the social implication of economics. Keynes’ thinking on how to deal with crises and emergencies during the Spanish Flu pandemic and WWI are particularly applicable to our current moment. Carter breaks down Keynes’ philosophy of “the good life” and why all could enjoy the finer things in life like art and leisure to the benefit of society writ large. Sam and Carter make a distinction in Keynes’s belief in who gets to regulate the macroeconomy. Keynes generally did not believe the proletariate was not the most effective way to deliver the good life to the masses; the government and its officials must provide material benefits to society. The two conclude their discussion considering the Keynes model of economics after his death and its perception contrasted with the neoliberal model promoted by Friedrich Hayek and Milton Friedman. 

And in the Fun Half: Birding while black, upcoming Democratic primaries, a voting rights victory in Florida courts, Obamagate sizzles out, Jimmy Dore’s unscientific response to shelter-in-place, states cooking infection data, plus your calls and IMs!

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