The Return of Cassandra

Last week Britain's No. 1 economist arrived in the U.S. Off the Clipper stepped softspoken, twinkle-eyed, tall (6 ft. 1 in.) John Maynard Keynes, on an undisclosed mission under the Lend-Lease Act. He also expected to see the President, whom he last saw in 1934, when New Deal fiscal policies were in the blueprint stage. Keynes was the intellectual father of many of the New Deal's more radical fiscal policies, notably deficit spending and low interest rates. Since then he has become the father of a war-financing plan for Britain.

An Eton...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!