Wednesday, February 24, 2016

The Follies and Fallacies of Keynesian Economics



Eighty years go, on February 4, 1936, one of the most influential books of the last one hundred years was published, British economist, John Maynard Keynes’s The General Theory of Employment, Interest and Money. With it was born what has become known as Keynesian Economics. 

 Within less than a decade after its appearance, the ideas in The General Theory had practically conquered the economics profession and become a guidebook for government economic policy. Few books, in so short a time, have gained such wide influence and generated so destructive an impact on public policy. What Keynes succeeded in doing was to provide a rationale for what governments always like to do: spend other people’s money and pander to special interests...

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Truman Show USA – “Concerned Citizens” at Town Hall Meetings are Often Paid Actors



Here’s a bothersome trend that seems quite fitting for the smoke and mirrors driven, celebrity obsessed, hologram society that America has become. A company known as Crowds on Demand is actually in the business of providing fake protesters for causes, fake entourages for wanna be celebrities and seemingly even fake supporters for unpopular corporate activities....

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