Tags » John Maynard Keynes

John Maynard Keynes

” Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.

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Confusing Capitalism With Fractional Reserve Banking, by Frank Hollenbeck

Fractional reserve banking isn’t a part of a true free market capitalist system. It is intervention into the free market that Government, through the court system, has sanctioned. 820 more words

Econ. 201

To Work Better, Work Less -- The Atlantic

Toiling away for more hours diminishes productivity. Why do so many do it anyway?

Between 1853 and 1870, Baron Haussmann ordered much of Paris to be destroyed. 168 more words


A Letter for Businesses

In a private letter to Franklin Roosevelt, John Maynard Keynes description of businesses is anything but apt with some ideas I object to.

“Businessmen have a different set of delusions from politicians, and need, therefore, different handling. 307 more words


Hyman ‪‎Minsky‬: “Today’s narrowly focused financiers do not conform to ‪‎Schumpeter‬’s vision of ‪‎bankers‬ as the ephors of ‪‎capitalism..."

Hyman ‪‎Minsky‬: “Today’s narrowly focused financiers do not conform to ‪‎Schumpeter‬’s vision of ‪‎bankers‬ as the ephors of ‪‎capitalism‬ who assure that ‪‎finance‬ serves progress. 31 more words


An opinion from Haydon Perryman - War and Taxes

An opinion – War and Tax

Without tax you can not have war. War is expensive. War is a rich country’s game.

As long as we deny developing nations the means to retain their own money by ignoring the systematic theft of their resources by corrupt leaders who misappropriate nation’s money to themselves and conceal their theft in offshore accounts, we also deny them the means to defend themselves and improve their lot. 1,346 more words


Wouldn't the world be a better place if we all traded unicorns?

As you might already know, one result of the famous Bretton Woods conference of 1944 (which established the post-WWII global economic order) was to set the US dollar as the currency for global trade. 115 more words