Skip to comments.Keynesianism's Ugly Secret
Posted on 04/25/2014 8:27:03 AM PDT by Nelson Hultberg
It is now five years since the crash of 2008. Today's media and much of our academic crowd, of course, believe that the crisis has been handled, and that we can settle back to "business as usual."
But such pundits are viewing only the trees, not the forest. They see correct Federal Reserve policy and legitimate fiscal policy on the part of the Federal Government. But this view comes from a false concept of economics and from a major failing of humans their use of "euphemism" to flee from reality.
For example, almost all of today's scholars and pundits use the term "liquidity" to describe what the Federal Reserve injects into the economy to manage it. Tune into CNBC or Fox Business, and you will hear repeatedly about how the Fed needs to "inject liquidity" into the system.
But if we do not use euphemism in this discussion and call "liquidity" what it actually is, then we get a considerably different picture about what the Fed is doing. The Fed is not injecting "liquidity" into the system when it performs its FOMC functions. It is injecting "credit" into the system. But what is credit? Simply another word for DEBT. So this is what the Fed is injecting into our economy when it performs its Keynesian mandated functions. It is injecting massive DEBT into the system, which means it is enticing Americans to go substantially in debt to live their lives and likewise with the government to perform its functions.
This is the essence of Keynesian theory: economic growth and wealth can be brought about by government injection of debt into the marketplace. Lets examine this premise more closely and then look into the ugly secret that no one talks about.
The flaw in Keynesian theory is that...
(Excerpt) Read more at afr.org ...
He reminds me of one of those snake oil salesmen in a red and white vest with a straw hat.
“This will cure all your ills, because a little debt never hurt anyone i tells ya!”
Spend all you want, you’ll be dead some day and it will be the next generation’s problem.
Our nation’s founders would have driven him out of America had he been here.
What he was was a deranged homosexual pervert and a apologist for murderous Soviet Communism.
He was a known Fabian Socialist Sodomite...just like all the elites, who were trying to destroy Western Civ. in early 1900’s to control all “perceptions” by use of Edward Bernay’s talents to totally “transform” the West (destroy Christian Worldview in children):
“J.M. Keynes put it in the terms of Marxist economics:
“When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals. We shall be able to rid ourselves of many pseudo-moral principles which have hagridden us for two hundred years. “
“Keynes and his conspirators projected homosexuality and drug addiction as an intrinsic part of their collectivist society of the future. His male sweetheart, Lytton Strachey, wrote privately that they would corrupt the whole population, subtly, through literature, into the bloodstream of the people, and in such a way that they accepted it all naturally, if need be without at first realizing what it was to which they were agreeing. He boasted that he intended to seduce his readers to tolerance through laughter and sheer entertainment. He pointed out that the object was to write in a way that would contribute to an eventual change in our ethical and sexual moresa change that couldnt be done in a minute, but would unobtrusively permeate the more flexible minds of young people.
and there it is...
The above post is his really “UGLY” secret, which was well-known by all his evil “followers” and those elites at Harvard and the Ivy-League universities, who literally forced his crappy, sick ideology on the “educated” (indoctrinated) masses-—promoted everywhere—in Time Magazine—
All the Lefts do is dish-out misinformation and lies for the “perception” of the masses. Public Schools are doing this exact thing (NOW) (Wundtian methodology which includes drugging)-—destroying the minds of all the children, so they can never use “Reason” and just take “directions”. All “Knowledge” is twisted and lies.
Homo, Communist and British. That is all I need to know to call BS on anything he might think.
Thanks for posting this and introducing me to your organization and site.
In the long run, Keynes is dead.
Essentially Keynes tried to make the case that debt is prosperity. And all those who are educated way beyond their intelligence agree.
economics bump for later......