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To: ABrit

Too many who warn about Keynes seem to agree with him on Free Trade and Globalism

Keynes post WW I I economic ideas are still pushed by many who complain about him. Keynes was a hard core Globalist and Free Trader whose leadership at Bretton Woods still haunts world econmics today. Also Keynes was the founding father of the World Bank...which has pretty much, along with Free Trade, redistributed trilions from the US economy to foreign lands, mostly at great waste

Free Traders are still quite Keynesian


5 posted on 01/29/2013 4:00:32 PM PST by SeminoleCounty (GOP = Greenlighting Obama's Programs)
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To: SeminoleCounty
Free Traders are still quite Keynesian

I've read on FR that since Marx endorsed free trade, then free trade is Marxist. And now [first time I've read this nugget] that since Keynes advocated free trade, then advocates of free trade are "Keynesian".

Your argument is illogical.

Marx, as you might know, also was in favor of manufacturing. So, to remain consistent, you must also claim that anyone who favors manufacturing is a Marxist. Keynes, despite his backwards reasoning, preached that, during good economic times, governments should reduce deficits.

So, during good economic times, anyone who calls for reduced deficits must be a Keynesian. Intellectual honesty would insist on it.

Economic debate must go beyond name-calling and picking plums out of complex theories.

The fact is that the freedom to trade is crucial to the rest of our liberties. Without it, property means nothing and the others are made indefensible. The opponents of free trade must explain to the rest of us why, all of a sudden, government intrusion in our lives is a good thing.

I can't wait to hear your explanation of that.

7 posted on 01/29/2013 5:30:38 PM PST by BfloGuy (Money, like chocolate on a hot oven, was melting in the pockets of the people.)
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