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To: Arthur Wildfire! March
In viewing the PBS TV series on economics Commanding Heights in episode one one of the commentators is shown speaking from Keynes former home. I was always struck by the homo-erotic painting on the wall in the background. Note this video series is available online and is a great introduction to market based economics. I have all my macroeconomics students view it as a class assignment.
10 posted on 11/18/2010 7:44:30 AM PST by The Great RJ (The Bill of Rights: Another bill members of Congress haven't read.)
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To: The Great RJ

Thank you for adding that observation Great RJ. [He openly displayed a homo-erotic painting on PBS?]


22 posted on 11/19/2010 6:51:33 AM PST by Arthur Wildfire! March (Economic reform? Great. But without education reform -- history will repeat itself.)
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To: The Great RJ; Impy
Years ago E. Michael Jones was writing about Keynes' "homosexual economics," and I naively objected to him that this phrase was needlessly prejudicial, since Keynes' sexuality was not relevant to his monetary ideas. Now I suspoct Mike Jones was right, although I think the difference is not beween "straight" and "gay" economics, but between "parents'" and "non-parents'" economics. What I'm getting at, is that people who tend to think only of themselves and their own generation and their own short-term benefit--- that would be, non-parents --- tend to assume that borrowing money, consuming high on the hog, printing lots of currency and goosing the system from time to time to keep the economic juices flowing, is a real good thing. The long-term results don't matter, because -- in Keynes' phrase --- "in the long run we're all dead."

People with kids, family-men, tend to put more emphasis on the distant consquences of their actions, limit the self-serving impulse spending, and favor solid long-term processes which will benefit children and children's children. They'd say "In the long run, our children will inherit all this (this legacy or this mess.)"

I guess we're doomed?

33 posted on 11/19/2010 8:44:57 AM PST by Mrs. Don-o ("You can observe a lot just by watchin' " . --- Yogi Berra)
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