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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (7867)	1/12/1999 6:18:00 PM
From: Frodo Baxter	Read Replies (1) \| Respond to of 9980

>I agree completely (believe it or not!). But I think that this is completely consistently with Keynes (true Keynes, that is, not the caricature that many on the political right have created over the past 20 years or so). Yeah, spoken like a true Keynesian, too. I dare you to show me where old Maynard ever advocated hard money. Of course, Keynesians tend to claim every good idea in economics as somehow derived from Keynes, and every bad idea as coming from someone else. The reality, of course, is somewhat different. In fact, Keynesian economics is intellectual justification for some of the worst deliberate economic policies ever. To wit, the debacle of using inflation to lower unemployment and the nonsense of government spending as some magical cure-all for everything.