The Treasury needed someone who could clothe the bareness of financial heresy with a plausible nontransparent drapery. Mr. Keynes was taken into the British Treasury as its principal adviser, seated on the board of the Bank of England, and elevated to the peerage as Baron Keynes of Tilton.

The erratic volatility of gold and other commodities is the direct result of further intervention into the market through central banking.

Strigl’s 1934 contribution to Austrian capital theory is brought to the English-speaking world for the first time.