[Chances Are]

Ahhh. This paragraph could accurately be called “Keynesian Economics in One Lesson”!

Good show!

CA....

[arthurus]

You should read Lord Keynes' Theory of Money&c If you actually read the words and know something about the English language and logic you will find it nearly impossible to read more than a couple of pages. Paragraphs do not make internal sense and it is full of non sequiturs and just bad construction. The only way a student can "learn" from it is by skimming quickly over the text and just accepting the conclusions at face value while not scrutinizing those conclusions much.

Finance men generally get their "economics" training that way and all of the government "economists " are actually financial advisors with MBAs who never had to take more than a survey course in Economics plus maybe a specifically Keynesian intro. Finance men do NOT understand Economics or what von Mises called "Human Action." Finance men are hard biased toward Pro-Action and "Expert" control of the levers and dials of the Economy. They are at best Peter Principle fools and at worse connivers in capturing the whole economy for the ruler.