Posted on 04/12/2010 11:37:24 AM PDT by Zeddicus
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What kinds of changes have you made re: lifestyle? Just curious, as maybe we can learn something.
Actually, the American Secretary of the Treasury, a Mr white I think, was the primary developer. Keynes was there but mostly to lend a diverse flavor to the process.
“Keynes was there but mostly to lend a diverse flavor to the process.”
He was also, I’d say, one of the intellectual inspirations for the whole endeavour. Though international credit bubbles predate his popularity. So it might be said that Keynes was part of a long line of thinking. I just like to throw his name around, personally. But I often wonder to myself, since when did governments need to be intellectually inspired to do what comes naturally (i.e. spending other people’s money), anyway? Keynes can hardly be blamed, as no doubt we’d have some international system for funneling paper money to preferred customers around the globe without him.
We're officially monetizing the debt, folks.
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