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To: neverdem

I read his diary articles in The American Spectator frequently. In the past year, he has stated in them that the rich should be taxed more. In another one, he denied that he himself is rich. Yet, over the years, he has talked about his condo in the Marina, his home in Malibu, his place in Sandpoint, Idaho.

In a recent diary entry, he gave credit to Keynes, of all people, for saying something to the effect that a certain monetary policy (such as the one Geithner and Bernanke are currently following) would lead to inflation. Even if Keynes did say it, it’s like pulling out some quote from Mein Kampf to criticize nazism. You don’t have to go there, and you don’t have to give credit to the one whose theories are responsible for the destruction of our economy. A misplaced sense of fairness clouds Stein’s thinking. And he has to throw his Hollywood buddies a bone.


19 posted on 03/02/2012 11:24:33 PM PST by Rocky (REPEAL IT!)
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To: Rocky; neverdem
And he has to throw his Hollywood buddies a bone.

Well... it is a union 'rule'.

24 posted on 03/03/2012 9:09:00 AM PST by UCANSEE2 (Lame and ill-informed post)
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To: Rocky
In a recent diary entry, he gave credit to Keynes, of all people, for saying something to the effect that a certain monetary policy (such as the one Geithner and Bernanke are currently following) would lead to inflation. Even if Keynes did say it, it’s like pulling out some quote from Mein Kampf to criticize nazism. You don’t have to go there, and you don’t have to give credit to the one whose theories are responsible for the destruction of our economy. A misplaced sense of fairness clouds Stein’s thinking. And he has to throw his Hollywood buddies a bone.

Keynes was more complicated than the people who read his books -- either to praise his ideas and put them into action or to attack them. He did recognize the dangers of inflation, but felt that sometimes -- in a Depression situation -- some inflation was justifiable.

In the article I found, Stein was saying that even Keynes wouldn't support Obama's stimulus package. It was a valid argument.

27 posted on 03/03/2012 1:50:53 PM PST by x
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