From the historic campus of Hillsdale College in Hillsdale, Michigan, where the good, the true, and the beautiful are taught, nurtured, and honored, this is the Radio Free Hillsdale Hour, bringing the activity and education of the college to listeners across the country.

Perhaps a better comeback, though, came from Kane's own student and acolyte, Joan Robinson.

And she replied when he said in the long run, we're all dead. Yes, Maynard, but we don't all die at the same time.

This is your host, Scott Bertram. And that's Dr. Charles Steele, our first guest on today's program.

Dr. Steele is Chairman of Economics, Associate Professor of Economics, and Hermannay and

Suzanne S. Detweiler chair in economics at Hillsdale College.

Dr. Steele, thanks for joining us.

Happy to be here.

Dr. Steele, with the recent stimulus bills and the spending proposed by the Biden administration,

we once again are hearing the name of John Maynard Keynes and the school of economics called

Keynesianism.

First, please tell us, who was John Maynard Keynes?

How did he develop his theories?

John Maynard Keynes, I think, was easily the most influential economist of the 20th century.

He was a brilliant man.

He was a student of mathematics at Cambridge University in the UK. He took one course in economics in his life from Alfred Marshall, one of the greatest economists who ever lived. Marshall was extremely impressed with him. And Keynes ended up as a professor of economics at Cambridge.

He also served as Chancellor of the Exchequer.

He was a part of the British delegation that went to the Treaty of Versailles and negotiated that.

Keynes actually was against the treaty.

He argued that it would probably have bad repercussions.

It was too harsh on Germany.

And thought it might cause trouble in the future, and maybe he was right.

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