Tags » John Maynard Keynes

William Watson: Ottawa ponies up to the dragons' den

In 1926, John Maynard Keynes, soon to be the founder of Keynesian economics and as such hardly a shill for unfettered free enterprise, wrote that: “The important thing for government is not to do things which individuals are doing already, and to do them a little better or a little worse; but to do those things which at present are not done at all.” It should address itself ”to those decisions which are made by no one if the State does not make them.” He wrote this in an essay entitled “The End of Laissez-Faire,” which, whatever we may think of the Roaring Twenties, he believed had occurred a half century earlier. 622 more words


The great Indian debt time bomb

Vivek Kaul

On November 17, 2014, Adani Enterprises put out a statement saying: “Adani Mining, the Australian subsidiary of Adani Enterprises, and the State Bank of India (SBI), the country’s largest lender, have today signed an MOU in the aftermath of the successful Brisbane G20 Summit…The MOU provides for a credit facility of up to $1 billion USD subject to the detailed assessment of the company’s mine project at Carmichael, near Clermont in Western Queensland.” 1,265 more words


How $10,000 In The Bank In 2008 Lost Over $7000 Of Wealth by 2013

Here is the answer to the question asked in the previous post below (Are you better off this Thanksgiving than you were last Thanksgiving?) jtl, 419… 1,296 more words

Austrian Economic Theory

The Economy Won't Move Because Managers Won't Move

This economy needs more “animal spirit.” The great economist, John Maynard Keynes, coined this term to describe the willingness of business managers to expand aggressively and identified it as essential for economic growth. 1,114 more words

The Most Insane People in American Government...

There is a group of people in mainstream American government who are more insane than any other. These are people who are truly deluded, at best. 1,225 more words