Sunday, December 21, 2008

Keynesian Economics


So of course I am now reading this book about the economy, but its a biblical perspective. even better. so, there's an excerpt about John Maynard Keynes...maybe you've heard of Keynesian economics? so he says this in reference to the following quote by Lenin:
"By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens." -Lenin
"There is no sublter to surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does so in a manner which not one man in a million is able to diagnose."-Keynes

Here's some other unique history on Keynes (1883-1946):
He was a part of two Eugenics Societies, and in 1946 declared eugenics the most important, significant, and genuine brance of sociology which exists. He was an agnostic. He made the front cover of Time magazine in 1965. He helped found the World Bank and Internation Monetary Fund. He led a homosexual lifestyle until world war 1. He was a member of the Bloomsbury Group, well known for polyfidelity. According to Keynesian economics the state should stimulate economic growth and improve stability in the private sector - through, for example, interest rates, taxation and public projects.

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