Sunday, January 25, 2009

The Keynesian millieu

Eric Scheske:
I don’t like the intellectual milieu from which Keynes sprung and its progeny that have saddled higher learning for the past 30 years.
Our universities are awash in theories and wrongheaded assumptions that were formulated in the first half of the twentieth century: Kinsey on sexuality, Picasso on art, Mead on anthropology, Freud on sex-obsessed psychiatry, Cage on music, Woolf on literature, Justice Douglas on law.
Keynes is cut from the same fabric as those thinkers.
Good point. Another good point:
I wish I had a beer for every beer I’ve drank.
Obviously, the man is onto something.

1 comment:

  1. You Bail Them Out, We Opt Out.

    Dear, I should say Expensive Chairman Ben S. Bernanke,

    All of Our Economic Problems Find They Root in the Existence of Credit.

    Out of the $5,000,000,000,000 bail out money for the banks, that is $1,000 for every inhabitant of this planet, what is it exactly that WE, The People, got?

    If my bank doesn't pay back its credits, how come I still must pay mines?

    If my bank gets 0% Loans, how come I don't?

    At the same time, everyday, some of us are losing our home or even our jobs.

    Credit discriminates against people of lower economic classes, as such it is unconstitutional, isn't it? It is an supra national stealth weapon of class struggle.

    Credit is a predatory practice. When the predator finishes up the preys he starves to death. What did you expect?

    Where are you exactly in that food chain?

    Credit gets in the way of All the Principles of Equal Opportunity and Free Market.

    Credit is a Stealth Weapon of Mass Destruction.

    Credit is Mathematically Inept, Morally Unacceptable.

    You Bail Them Out, We Opt Out

    Opting Out Is Both Free and Strictly Anonymous.

    My Solution: The Credit Free, Free Market Economy.

    Is Both Dynamic on the Short Run & Stable on the Long Run, The Only Available Short Run Solution.

    I Am, Hence, Leading The Exit Out of Credit:

    Let me Outline for You my Proposed Strategy:

    My Prescription to Preserve Our Belongings.

    Our Property Title: Our Free, Strictly Anonymous Right to Opt Out of Credit.

    Our Credit Free Money: The Dinar-Shekel AKA The DaSh, Symbol: - .

    Asset Transfer - Our Right Grant Operation - Our Wealth Multiplier.

    A Specific Application of Employment, Interest and Money.
    [A Tract Intended For my Fellows Economists].

    If Risk Free Interest Rates Are at 0.00% Doesn't That Mean That Credit is Worthless Already?

    Since credit based currencies are managed by setting short-term interest rates, on which you have lost all control, can we still say that are managing?

    We Need, Hence, Cancel All Interest Bearing Debt and Abolish Interest Bearing Credit.

    In This Age of Turbulence The People Wants an Exit Out of Credit: An Adventure in a New World Economic Order.

    The only other option would be to wait till most of the productive assets of the economy get physically destroyed either by war or by rust.

    It will be either awfully deadly or dramatically long.

    A price none of us can afford to pay.

    “The current crisis can be overcome only by developing a sense of common purpose. The alternative to a new international order is chaos.”

    - Henry A. Kissinger

    What Else?

    Until We Succeed the Economy Will Necessarily Sink Into a Deeper and Deeper Depression

    You Bail Them Out, Let's Opt Out!

    Check Out How Many of Us Are Already on Their Way to Opt Out of Credit.

    Let me provide you with a link to my press release for my open letter to you:

    Chairman Ben S. Bernanke, Quantitative [Ooops! I Meant Credit] Easing Can't Work!

    I am, Mr Chairman, Yours Sincerely [Do I really have the choice?],

    Shalom P. Hamou AKA 'MC-Shalom'
    Chief Economist - Master Conductor
    1 7 7 6 - Annuit Cœptis
    Tel: +972 54 441-7640
    Fax: +972 3 741-0824