Follow The Bottom Violation
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Mar
12
Two Keynes Quotes Everyone Should See
“The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.” — John Maynard Keynes
“I work for a government I despise for ends I think criminal.” — John Maynard Keynes
If these don’t justify the immediate cessation of Keynesian policies — like quantitative easing, and targeted inflation — I don’t know what does. But of course, such an about-face would not be politically expedient.
Regardless: to all my detractors who claim Keynes ate his own cooking, I submit the above two quotations. And I assure you, I’m waiting with bated breath for your rambling defenses of these clear and obvious statements. Seriously. Just can’t wait.
Paco Ahlgren
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Disclosures: Paco is long TBT, UCO, and gold. He also holds U.S. dollars by necessity, pending the advent of private gold-backed currencies.
You can buy his novel Discipline wherever books are sold.
2 Comments so far
Partners
Ya nailed it…
Keynes vs. Hayek http://www.youtube.com/user/EconStories