Thursday, Sep 23, 2010
Deals with the issues of why we are here and explains why Bens medicine is not a panacea
Bearish News: Blame Friedman, Not Keynes
"In The General Theory of Employment, Interest, and Money, Keynes wrote:
--
“To dig holes in the ground,” paid for out of savings, will increase, not only employment, but the real national dividend of useful goods and services. It is not reasonable, however, that a sensible community should be content to remain dependent on such fortuitous and often wasteful mitigations when once we understand the influences upon which effective demand depends.
--
This is dangerous thinking, which has inspired economists like Krugman in their quest for never-ending stimuli. There is no free lunch...."
The article is short but accompanied by a thirty minute video. That video opens when you access the page. i will embed the vid below.
Posted by techieman @ 03:47 PM (654 views) Add Comment
8 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. techieman said...
the video:
2. Taffy62 said...
techieman,
Do you understand what Steve Keen would propose for the UK economy?
3. Crunchy said...
Of course any monetarist that can shift as much power to the banks from the taxpayer is going to be Bens choice.
That's he's job tech. He's so good at it, Obama aka Soetoro, backed by Wall St has given him his blessing.
Do people really think that the Bush administration (Wall St) would have carried on with these wars if they had the America peoples
interest at heart.
These people are demolishing America brick by brick in such an obvious manner that to waste time with past phantoms is a joke.
Know the agenda and everything falls neatly into place. Still nobody officially charge for 9/11. Now solid evidence that thermite was used.
Still can't be bothered to do the painful ongoing research tech. Of course any monetarist that can shift as much power to the banks from the taxpayer is going to be Bens choice.
That's he's job tech. He's so good at it, Obama aka Soetoro, backed by Wall St has given him his blessing.
Do people really think that the Bush administration (Wall St) would have carried on with these wars if they had the America peoples
interest at heart.
These people are demolishing America brick by brick in such an obvious manner that to waste time with past phantoms is a joke.
Know the agenda and everything falls neatly into place. Still nobody officially charge for 9/11. Now solid evidence that thermite was used.
Still can't be bothered to do the painful ongoing research tech.
4. Crunchy said...
When you can explain to me why cars half a mile away from the three towers were fried and distorted and where that gold went
you can talk about a panace. That's only two jobs for you, their are lots more.
5. sureseam said...
"paid for out of savings" ....hmmmm yersss well.
Thanks techie - I had heard of SK and he has a focussed fury/ intensity.
6. techieman said...
sureseam - well he is an aussie so its not surprising he doesnt pull any punches!
i think the other post on debt deleveraging is probably easier to watch - this is after all a bit technical.
7. quiet guy said...
Here's the same video in Youtube, in three parts unfortunately. I prefer these because it is easy to jump in at specific points without being forced to play the whole thing from the beginning.
Part 1
Part 2
Part 3
I think you can get the gist of it by jumping in at Part 2 05:00 and staying till the end of part 3. As Techieman says, it's not straightforward. I don't feel confident enough to make any comment on this right now except that Keen's view seems very bleak indeed.
8. This comment has been removed as it was found to be in breach of our Blog Policies.