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Don’t Blame Trump When the World Ends
Economic Prism ^ | 2-3-2017 | MN Gordon

Posted on 02/04/2017 6:52:01 AM PST by blam

There was, indeed, a time when clear thinking and lucid communication via the written word were held in high regard. As far as we can tell, this wonderful epoch concluded in 1936. Everything since has been tortured with varying degrees of gobbledygook.

The fall from grace was triggered by the 1936 publication of John Maynard Keynes’ The General Theory of Employment, Interest and Money. The book is rigorously indecipherable. What’s more, it has the ill-effect of making those who read it dumber.

Nonetheless, politicians and establishment economists remain enamored with Keynes’ gibberish. For it offers academic rationale for governments to do what they love to do most – borrow money and spend it on inane programs. In particular, Keynes advocated filling bottles with money and burying them in coalmines for people to dig up as a way to end unemployment. Somehow, this public works egg hunt would make everyone rich.

Over the years this reasoning has inspired countless government stunts to save the economy from itself. Not long ago, Keynes devotee, Paul Krugman, took this logic and ran with it to the outer limits of deep space. In the process, he seems to have lost his mind.

According to Krugman, the proper way to propel an economic growth chart up and to the right is to borrow massive amounts of money and spend it preparing for an alien invasion. Naturally, it takes a Nobel Prize winning economist to come up with such nonsense.

Better Markets

Unfortunately, Keynes’ drivel became the archetypical for illogical economic thought, and still infects economic discourse to this day. You can hardly browse the headlines of Yahoo finance without your eyeballs being lacerated by it.

Just this week, for instance, we came across a headline titled, The Coming Trump Financial Crash.

(snip)

(Excerpt) Read more at economicprism.com ...


TOPICS: Politics
KEYWORDS: crash; economy; finance; first100days; trump; trump45

1 posted on 02/04/2017 6:52:01 AM PST by blam
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To: blam

“In the long run, we’re all dead.”

Isn’t that the only thing that people understand from Keynes??


2 posted on 02/04/2017 6:58:15 AM PST by Dr. Pritchett
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To: blam
"The Center Didn't Hold"
3 posted on 02/04/2017 7:03:46 AM PST by blam
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To: Dr. Pritchett

A classic: “Fear the Boom and Bust”: Keynes vs. Hayek Rap Battle

https://www.youtube.com/watch?v=d0nERTFo-Sk


4 posted on 02/04/2017 7:04:01 AM PST by Popman
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Comment #5 Removed by Moderator

To: Popman

Better one

https://www.youtube.com/watch?v=GTQnarzmTOc


6 posted on 02/04/2017 7:05:45 AM PST by Popman
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To: blam
Just think North Korea and Iran...And if you think our allies we run to help....I've got a bridge.

What did they do after 9-11....except send their regards.

7 posted on 02/04/2017 7:10:12 AM PST by Sacajaweau
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To: blam
"One does not simply spend trillions on aliens."

8 posted on 02/04/2017 7:11:23 AM PST by BenLurkin (The above is not a statement of fact. It is either satire or opinion. Or both.)
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To: blam
Freud's theory told the elites it was OK to sleep with the maid. In fact, it was "scientific" to do so.

Keynes' theory told the elites it was "scientific" to use tax money to buy votes. They found this just as agreeable as the thinking of Freud.

9 posted on 02/04/2017 7:53:19 AM PST by Steely Tom (Liberals think in propaganda)
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To: blam
I tried to read Keynes back in '73 after reading Theory of History and Human Action by L. Von Mises and Wealth of Nations. As an exercise in the English language, the book does not make sense. It is nearly impossible to read by a person literate in English. Every fault your English teacher(well, your teacher if you are as old as I am)drilled out of your writing is committed by JMK. His paragraphs don't hang together; the conclusions don't follow from the premises.The premises themselves are contradictory. He makes an assertion then supports it with a paragraph or a chapter of disjointed and ungrammatic nonsense and ends with a "conclusion." The politicians pay attention only to his conclusions and his heory is thus backed up entirely by assertions with no logical support.

One can only take a system of Economics from his writing if one reads only the those assertions and, because the rest is impossible to read, one simply posits that all those words support and prove the conclusion. But all those words only prove that Keynes could not write nor could he think logically. It is as if he had a vague idea that no economy can bring prosperity without a small corps of "experts" carefully adjusting the dials and pulling the levers and, having no studies or proofs and no logical pathways in his own brain, he simply made his assertions and backed them up with meaningless verbiage.

Then there is the latter statements by friends after he died that before he passed he told several people that the Theory was a college parody that the politicians seized upon because it seemed to support their desires to be the controllers. I suppose when it started making him money and got him instant fame he chose to leave it at that.

10 posted on 02/04/2017 8:02:13 AM PST by arthurus
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To: arthurus
Then there is the latter statements by friends after he died that before he passed he told several people that the Theory was a college parody that the politicians seized upon because it seemed to support their desires to be the controllers. I suppose when it started making him money and got him instant fame he chose to leave it at that.

Sounds like L. Ron Hubbard.

11 posted on 02/04/2017 8:05:25 AM PST by thecodont
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To: blam

We only have John Maynard Keynes, insane prophet to rival Mohammed the pedophile, with just as many adherents to his insane economic theories as the false prophet of enslavement (submission, sorry, it looks the same in hindsight), to blame.

Well, that, and the slow but inexorable, inevitable collapse of all empires history with which history is rife. QED.

So if digging a hole to fill a hole is sound economic policy, why ain’t we all rich? [that’s rhetoric. It’s a smarmy intentional reductio ad absurdam argument against Keynes’ money-making scheme in eighteen words].

Economies will crash. People will die by the billions. Oceans will rise and fall, glaciers will ebb and flow, our magnetic poles will continue to shift every 23 millenia or so, time and tide awaits no man or woman (or LGBTQXYZ or transmutated) and still, the “economic” policies put forth and enacted upon by Keynes and his globalist allies will still be inherently wrong, or evil.

And just as long as there is a mainstream media running cover for those guys, evil will continue to rule, attempt to rule, and be brought down by the madding hordes of scraggly starved scabrous torch and pitchfork-bearing social justice whores which come before every empire collapses under its own weight.

Evil. Evil runs amok.

It’s all relative, you, good 20th century post-judgment hipster-type, say?

Good, bad, I’m the guy with the keyboard.


12 posted on 02/04/2017 8:53:14 AM PST by normbal (normbal. somewhere in socialist occupied America)
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