Word: keynesism
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U.S. Administration opinion tended to favor the sort of loan Britain needed. But Britain's famed economist, Lord Keynes, and his fellow negotiators had many a hurdle to jump. One danger was that the British would antagonize U.S. public and Congressional opinion, as they had in the war-debts...
To see about that gum, Britain's Lord Keynes was in Washington, after talks in Ottawa on Britain's immediate credit position, which is so tight that her businessmen cannot properly get going on reconversion. His Washington mission dealt with a tougher, longer-range problem.
The British felt especially keenly the danger of taking a dollar loan without assurance that they could pay with exports to the U.S. Keynes had not come hat in hand, though he knew he would have to make concessions. It would require all his spirited, almost oratorical negotiator's...
Jimmy Byrnes thus cleared the air for conversations in Washington this week with British envoys (Ambassador Halifax and Lord Keynes) seeking credits or other means to take up where Lend-Lease left off.
Why Economist Hansen, devout disciple of Britain's John Maynard Keynes, severed his relationship with the Federal Reserve Board, no one took the trouble to say last week. But to observers in Washington the reason was as obvious as the Federal Reserve building's big bronze doors through...