The Cult of John Maynard Keynes

In 1936, John Maynard Keynes turned economics on-its-head. The discipline of economics which had gradually evolved from Adam Smith's "Wealth of nations" in the 18th century until the Great Depression of the 1920s was jettisoned and replaced by unsubstantiated postulates that satisfied profligate State policy makers. This travesty not only hindered economic theory development, but has resulted in the present imminent collapse of the world's financial system.