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


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2014 Feb 10, 6:19am   10,262 views  6 comments

by Reality   ➕follow (7)   💰tip   ignore  

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.

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1   Entitlemented   2014 Feb 10, 6:57am  

Was Keynes Lenins cousin?

2   indigenous   2014 Feb 10, 8:59am  

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   2014 Feb 10, 1:41pm  

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

4   Entitlemented   2014 Feb 10, 1:45pm  

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   2014 Feb 10, 2:18pm  

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   2014 Feb 11, 12:37pm  

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

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

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