You catch the drift from the first paragraph. :o
Adolf Hitler, Joseph Stalin and Mao Zedong each killed tens of millions of people, and John Maynard Keynes was a pacifist who never fired a shot in anger. However, economically, when the billions come to be totted up, it may well be the case that Keynes was the most destructive of the four.
Read the rest at THE BEAR'S LAIR
The true costs of Keynes
By Martin Hutchinson
Solution: Leave it to the invisible hand and everything will be fine.
4 comments:
keynes economics helped us kick the nazi's and win the war.
if we thought like the austerians, we'd be speaking Deutsch unfortunately
cannot be more clear than that
Nazis practiced Keynesian economics, too. His public works projects and militarization put the country back to work and ended the depression in Germany.
But I don't recall the libertarian paradise of Somalia winning WWII or much of anything else ?
But Kristalnacht was an insurance scam based on "we cannot afford to pay out" to those whose shops were destroyed and who held valid insurance claims.
Therefore, the Nazi's printed and stimulated not by Keynesian pacificism.
Stealing, theft, and all the war crimes don't add up to Keynesian printing by any means.
nazism was working by austrianism and deficit terrorism too.
it's almost the same story today.
they are kicking Greece almost out of the EU while we still have California, though insolvent is very vital to the Union since Cali is in the top 10 economies across all scales including countries in the world.
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