Posted on 09/04/2011 8:01:23 PM PDT by Nachum
A little more history.
Jim Puplava talks to James Dines about his book “Goldbug! The Second Great Depression, the Coming Currency Crisis – Hyperinflation” recorded on February 20th 2010.
The world’s financial system was set up by a British Socialist and an American Soviet agent.
Are we FINALLY disproving the speculation of Keynesianism?
Disproving a theory takes a long time.
Disproving an hypothesis takes a short time.
Disproving a speculation can be done quickly by inspection.
When I Google this subject, all I can find is a lot of noise. But most folks here are smarter and more educated that I, so I thought I’d throw this out for discussion.
Our current administration and its supporters cite Keynes as the source of the economic theory behind their economic policies. But it has always been my understanding that the Keynesian spending to stimulate the economy must 1. address some specific need, 2. be temporary, 3. be limited, and 4. be paid back as soon as the economy picks up.
This nation has been doing stimulus level spending for the past 60 or 70 years, and none of those criteria have been approached, much less met. In fact, the current administration’s spending seems to be going in the opposite direction, and they’re still citing Keynes as the author.
Am I wrong in my understanding of Keynesian economics? Didn’t Keynes himself repudiate his own theories before his death? What do y’all think?
Where is the audio?
Hmmmff...
Thought I posted that.
Here it is:
or - here:
http://www.youtube.com/watch?v=a2DSYaJNpso&feature=player_embedded
Keynes vs. Hayek Round 1 (Fear the Boom and Bust)
Keynes vs. Hayek Round 2 (Fight of The Century)
Enjoy!
Ah, Bretton Woods...with Alger Hiss behind the scenes...
Keynes - Read Chapter 9
http://keynesatharvard.org/index.html
Keynes and his partner were Fabians and members of the Bloomsbury Group who were up to all sorts of sexual perversions.
Fabians -
http://www.youtube.com/watch?v=kDXOhe1FxVM
Bretton Woods Committee-
http://www.brettonwoods.org/index.php/179/Leadership_Staff
The commies have been up to no good for nigh on a hundred years..
Resulting an actual in your face Marxist President of the United States..
With “progressive”(a.k.a marxist) proponents in both parties.. i.e. the two Roosevelt’s..
Still today there are progressive republicans.. even running as candidates in 2012.. (hiding)..
Surely Bush Jr. and his whole family are progressives..
Globalists are progressives.. and secretly socialists...
Note: communists ARE socialists..
Democrat = Socialist
Social Democrat = Socialist
Progressive = Socialist
Communist = Socialist
Nazi = Socialist
Fascist = Socialist
Labor Party = Socialist
Actually, these aren’t really equalities. Rather, each is a subset of the larger category of Socialism.
No, you're not far off at all.
In the end, what we see from Washington is a form of vulgar Keynesianism. A distortion of the original in which politicians keep the parts they like (inflate, borrow, spend) and ignore the parts they don't (specific, repay).
I have to add, though, that even pure Keynesianism is so shot through with contradictions, obfuscations and outright falsehoods, that it would still be damaging to the economy. Less damaging, perhaps, than what we have now, but damaging, nonetheless.
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