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.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (44026)	12/5/2000 5:33:32 PM
From: wsringeorgia	Respond to of 436258

Pearly, that Keynes bio will be a good read; according to "FDR: The New Deal Years" by Kenneth Davis, Keynes met FDR in May 1934 for a lengthy meeting but apparently both went away dissapointed. Roosevelt to Frances Perkins, his Sec. of Labor, "I saw your friend Keynes, he left a whole rigamarole of figures. He must be a mathematician rather than a political economist." And Keynes to Perkins "supposed the president was more literate, economically speaking." A Roosevelt aide, Felix Frankfurter told FDR that Keynes was "perhaps the single most powerful supporter of the New Deal in England." But later FDR was uncomfortable with what we call "Keynesian economics" mainly because he was opposed to running a budget deficit. Later on, under the pressure of the war, Roosevelt became the biggest "Keynesian" spender to date. Oh yeah,we lefties are famous for factions! I have been out of the market this year for the most part; in fact, by this past February I had sold every stock. I had already cleared out about half my positions by the end of 98. Yeah, what we have now is not an investment climate; it is something new, part casino, part entertainment for the "masa" and mainly a means of powerful wealth concentration for the few at the very top of the pyramid. WSR