While it is difficult to choose among them, arguably the most pernicious part of John Maynard Keynes' legacy is his misunderstanding of what savings and interest rates are, and how they related to the rest of the economy. These mistakes were passed on to his followers...
![‘Savings Are Bad’ and Other Keynesian Errors](https://sfo3.digitaloceanspaces.com/offload-wp-files/2019/08/Keynes_1933.jpg)