Phil Magness Profile picture
Feb 7 5 tweets 2 min read
Keynes's early draw to fascism was more than superficial. Here is Harold Nicolson's diary recording how Keynes was at the meeting where they crafted the economic planks of Mosley's New Party in 1931.

The New Party was the precursor organization to the British Union of Fascists.
Another Nicolson diary entry recording a meeting between Keynes and Mosley. For context, "Tom" was a nickname for Mosley among his friends.
In fact, Keynesianism was widely seen as compatible with fascism prior to WWII. The following passage is from one of the first English-language manifestos on fascism. It was written by Keynes's student and confidant James Strachey Barnes.

Oh, and the preface was by Mussolini.
If you want to dig around for fascist skeletons, @rohangrey, you should be aware that there are far more of them hidden in your own corner of the economics profession than there are with free market & libertarian types.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Phil Magness

Phil Magness Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @PhilWMagness

Feb 7
🧵Thread:

John Maynard Keynes is well known for his advisory role in the British government on economic matters, including during WWII.

Far less known is that Keynes - like many British intellectuals - had a decade-long political flirtation with fascism prior to the war.
Our story starts in 1926 when Keynes wrote one of his most famous essays, 'The End of Laissez Faire.' Close readers of this essay are also familiar with a notorious passage where Keynes endorses eugenics as a basis for population management.
Much less known though - the origin of 'The End of Laissez Faire' was actually a lecture that Keynes delivered in 1926 at the University of Berlin.
Read 21 tweets
Feb 5
I've observed before that this "Health Nerd" guy is stunningly incompetent when it comes to statistical inference. He continues to confirm that here.

The problem with these modeling calibration studies is that they are sensitive to the hard-coded assumptions of their own model. Image
They are not true "counterfactual" studies because the claimed counterfactual is usually just the projection of their own simulation model in the absence of lockdowns. IOW, they use their own model to "prove" itself.
It is true that these approaches are common in epidemiology journals. But that's a fault of the epidemiology subfield - it is still living in the statistical dark ages when it comes to doing causal inference.
Read 5 tweets
Jan 29
So...who wants to tell Nikole Hannah Jones about Hurston's economic philosophy?

Hint: it was, in fact, in direct opposition to what NHJ embraces. ImageImage
In particular, see Hurston's assessment of W.E.B. Du Bois, who she basically called him a Kremlin stooge. The distance between her and NHJ on economic matters could not be further apart. Image
Another telling passage from Hurston's autobiography, 'Dust Tracks on a Road,' which is the direct antithesis of Hannah-Jones' backward-looking arguments about slavery in the 1619 Project: Image
Read 5 tweets
Jan 27
Largely missing from this assessment is the nearly-complete absence of Frederick Douglass from the print edition of the 1619 Project.

Or to be a bit more frank, the 1619 Project only added Douglass as an afterthought to retroactively shoehorn into its political message.
The interesting feature of the argument made here is that it rests heavily on Douglass's assessment of Abraham Lincoln from 1876.

While the original 1619 Project took a fairly harsh look at Lincoln, Douglass was completely absent from its discussion.
In this essay, Field attempts to supply Nikole Hannah-Jones with material from Douglass to bolster an interpretation of Lincoln that NHJ likely sympathizes with, but also completely omitted from her original essay - either out of sloppiness or ignorance of the literature.
Read 5 tweets
Jan 17
I'm not convinced that this is a result of a plan dating back to the 60s, but the leftward ideological shift of the universities is both rapid and undeniable.

Simpler explanation: faculty jobs are scarce, and scarcity prioritizes political homogeneity.

wsj.com/articles/can-p…
Decades of PhD overproduction have resulted in a situation where tenure track appointments are mainly rationed on non-merit based grounds. Instead we get ideological nepotism, so faculty retirements are replaced by an ideologically homogeneous cohort of new hires.
We see this clearly in faculty surveys, which show a hard left shift after the early 2000s to the point that leftwing faculty went from a ~40% plurality to an outright 60%+ majority. In some areas such as the humanities it's more like an 80-90% majority.
Read 11 tweets
Jan 16
Again, my *only* interaction with this person...well...ever was to challenge a particular claim from her defense of the 1619 Project on twitter.

Her entire response, then and now, is bizarre ad hominem while simultaneously claiming to be a "victim."
It's a truly bizarre spectacle, because Araujo's comments are invariably dependent on obscenities and even outright sexism and racism.
Suppose she engaged students in her classroom with demeaning and sexist language such as calling them "puppy" or "boy."

She would face a Title IX investigation, and the complaint would be entirely valid.
Read 10 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

:(