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To: neverdem
Galbraith wrote about "the post-scarcity society" and how we would adjust to an economy in which all the basics were readily and cheaply available. That was "The Affluent Society." A few years later he wrote a book on "Money: What it was, where it went." The dumb shit actually thought we had broached the iron law of economics, that wants are unlimited, and was genuinely puzzled when that idiot vision failed. John Kenneth Galbraith had as much to contribute to economics as Oprah.

Maybe less.

7 posted on 01/31/2010 7:00:01 PM PST by hinckley buzzard
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To: hinckley buzzard

Not much of an intellect when you boil him down.

Just another arch brahmin who decided he knew everything when he was around twenty or so and spent the rest of his long life expounding and fleshing out his worldview.

The quoted passage on FDR is priceless. I’ve read The Forgotten Man and FDR’s Folly and the “brain trust” was just loaded with arrogant young asses like himself who fell in love with the command economy.

Although at least a few of them did grow out of it, they wrought untold damage and suffering and their spiritual heirs have learned nothing and forgotten nothing.


11 posted on 01/31/2010 8:06:43 PM PST by sinanju
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