第一个抨击阵营的现代领军人物是麻省理工学院研究生马修·荣利（Matthew Rognlie ） ， 尽管他的观点可以追溯到很久以前，比如凯恩斯1919年出版的《和平的经济后果 》 （ The Economic Consequences of the Peace）和1936年出版的《就业、利息和货币通论 》 （ The General Theory of Employment, Interest, and Money ） 。
The modern champion of the first line of attack is Matthew Rognlie, a graduate student at MIT, though his argument has a long and impressive pedigree. It can be found in, among other places, John Maynard Keynes’s 1919 The Economic Consequences of the Peace and his 1936 The General Theory of Employment, Interest, and Money.