A Point of View: What would Keynes do?

What would John Maynard Keynes, one of the most influential economists of the 20th Century, have made of the current economic situation, ponders philosopher John Gray.

"I can see us as water-spiders, gracefully skimming, as light and reasonable as air, the surface of the stream without any contact at all with the eddies and currents underneath."

That was how John Maynard Keynes, speaking in 1938 in a talk later published as his brilliant memoir My Early Beliefs, recalled his younger self and his friends in the Bloomsbury Group as they had been in the years before World War I.