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J. M. Keynes, the Damage Still Done By A Defunct Economist

By Reality following x   2014 Feb 10, 6:19am 7,838 views   6 comments   watch   sfw   quote     share    


http://epictimes.com/article/310320/j-m-keynes-the-damage-still-done-by-a-defunct-economist

Seventy-eight years ago, on February 4, 1936, the British economist John Maynard Keynes (18831946) published what soon became his most famous work, "The General Theory of Employment, Interest, and Money." Few books, in so short a time, have gained such wide influence and generated so destructive an impact on public policy. What Keynes succeeded in doing was to provide a rationale for what governments always like to do: spend other peoples money and pander to special interests.

1   Entitlemented   ignore (0)   2014 Feb 10, 6:57am   ↑ like (1)   ↓ dislike (0)   quote   flag        

Was Keynes Lenins cousin?

2   indigenous   ignore (0)   2014 Feb 10, 8:59am   ↑ like (1)   ↓ dislike (0)   quote   flag        

So we can file Keynesianism under experiments.

I wonder if these ideas are more like to take hold in times of crises. 9/11 is branded in everyone's skull as it was so shocking. Same with the 1929 stock market crash and 1/3 of the banks crashing, same with the hyperinflation in Germany. People are more malleable during these times.

I wonder if it was a coincidence that the usual suspect bankers were involved in this stuff.

3   Entitlemented   ignore (0)   2014 Feb 10, 1:41pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

MBAs, Lawyers, and Humanities: Spending more than your have is good. Living in Cities is good, Malivestment is good.........

4   Entitlemented   ignore (0)   2014 Feb 10, 1:45pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

IN 2009 the world said that the German Austerity would not work:

http://content.time.com/time/world/article/0,8599,1995113,00.html

Now Germany is the glue of the EU.

5   indigenous   ignore (0)   2014 Feb 10, 2:18pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Entitlemented says

Now Germany is the glue of the EU.

It was engineered to be that way Germany has been a current account surplus country for a long time this has been at the expense of the PIGS and others. Germany like China has to re-balance with these countries.

The truth of Merkel's intentions will be when Germany has a deficit current account.

6   Entitlemented   ignore (0)   2014 Feb 11, 12:37pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

The Lawyers in the EU should outlaw manufacturing, as they have in the US.

Then Germany can be PIGS.........





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