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Get your hands on the government’s playbook 

By: fizzy in ROUND | Recommend this post (1)
Tue, 05 Jul 11 7:13 AM | 45 view(s)
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http://www.sovereignman.com/expat/get-your-hands-on-the-governments-playbook

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His name is John Maynard Keynes, and his most famous work, The General Theory of Employment, Interest and Money (1936) has become the playbook from which politicians and central bankers are making their trillion dollar decisions.

Just about every politician knows the name Keynes...And yet even fewer realize that Keynes was a major advocate of Soviet-style central planning.

Among the many fascist viewpoints in his General Theory, Keynes argued that:

1) A high rate of interest which encourages saving is bad for society. Consumption and borrowing must be promoted....

2) Consequently, the government should make money cheap, controlling interest rates with a target level of zero. ... inflation will not set in “until unemployment has completely disappeared.”

3) Even if inflation should happen to appear, it’s likely due to the “arbitrary and inequitable distribution of wealth and incomes…” As such, the better solution to control prices ...

4) ...“the duty of ordering the current volume of investment cannot safely be left in private hands.”

5) As Keynes favored “a somewhat comprehensive socialization of investment,” he recognized that such complex decisions of investing other people’s money would be “above the heads of the vast mass of more or less illiterate voters.”

6) ...it’s just a question of making sure that the right people are directing the economy.

7) ... A government should simply borrow and spend more. In a 1934 article for Redbook magazine entitled “Can America Spend Its Way into Recovery,” Keynes opened with “Why, obviously!”

8 ) If the crisis doesn’t abate after substantial spending an interest rate cuts, Keynes blames these continued problems on not following his advice closely enough: ...

(continued)


I have come to realize that men are not born to be free. Liberty is a need felt by a small class of people whom nature has endowed with nobler minds than the mass of men. -Napoleon




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