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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: shades who wrote (52034)	6/4/2006 5:20:41 PM
From: gpowell	Read Replies (1) \| Respond to of 116555

Didn't keynes say if we wanted to keep idle hands busy we could achieve the same "employment" digging up and burying jars of cash? No. That is a disingenuous misstatement made by some critics of Keynes. What Keynes was referring to was the notion that money must be commodity based – particularly those commodities that are scarce. I watched many silly goldbugs here on SI during all that chaos go through the gamut of emotions and sillyness and financial losses. Fear of loss causing loss?