Chapter 12 - Post Only

To begin, McMaken really is very much against central planning, central planning that Keynes thinks is best. His main hitting point was on the federal reserve, which he believes should have lots of antagonists to, as events such as the Great Depression and the 1970's recession were a result of the Fed being an established central planner for the American economy. He makes it very clear why it's so hard for people to side with him about decentralizing the American Economy away from the government; it's because of the promises made to the wealthy, to the federal government, and event the American public. If the Fed prints more money, he explained it was like counterfeiting, they got to use that money to spend on all sorts of initiatives, at the expense of the value of the dollar for the average American citizen. Even the average citizen believes that the government can use this money to provide for the people, such as free healthcare, which is not the case. The more the government controls the economy and provides for the people, the less control the people have and the less value their own money holds in the short and long term.