Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (76921)	3/3/2000 10:03:00 AM
From: Tommaso	Read Replies (2) \| Respond to of 132070

Well, of course I think von Mises was right and that you are right. But in 1920 Keynes was exactly right about the "Consequences of the Peace" and he was also correct in some respects about the evil effects of a monetary system rigidly tied to gold. What is perfectly awful right now is that our Fed Chairman, who was at one point a rather simple-minded adherent of individualistic Ayn Rand pseudoeconomics (plus a gold standard by which to measure the success of one's selfish activities), has allowed an expansion of fiat money far beyond anything Keynes could have approved of. In times like these, Keynes would also have us paying down the debt as quickly as possible.