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You don't want repair or enhance anything during a slow period. You want to retool when you are at 100% capacity. Why shutdown and repair machinery when its idle? You want to do that during a boom.
Same thing in the public. We can't afford to spare anyone who is standing around. We want to work on the public infrastructure during high interest rates and low unemployment to take them from a busy private sector. We can't afford to use under utilized capital. We can only afford to use capital when its at capacity.
We also can't afford to spend money. Every public computer generated dollar is precious. Only the investment bank computer generated currency should be printed by the bushel full for the public good of currency speculation. Dollar carry trade and world wide dollar bloat will eventually trickle back to us in rising commodity prices. That's what we want.
We only want more private debt at high interest rates. The solution ,as Obama has told us, is banks need to lend money( create money on the keyboard) hopefully to bloat another ponzi scheme in the private sector. We need more private debt to get us over that 60 trillion mark for a good 3 trillion dollar interest overhead, not intrest free public debt held by the central bank.
The platform of choice:
* expensive private credit to fuel private debt spiral
* deficit spending during boom time
* monetaty retirement durning domestic deflation
* private ponzi paradise
* computer genreated money saving
* offshrore dollar gluts and currency wars
They just had a show on Discover about the lost papers of Sir Isaac Newton. Did you know that Keynes bought most of them to keep the public from reading them?
John Maynard Keynes acquired many of Newton's writings on alchemy (mathematics and religion), stated that "Newton was not the first of the age of reason: He was the last of the magicians."
Consider that Keynes's economic principles are closer to magic, and he calls the father of Calculus the magician.
They just had a show on Discover about the lost papers of Sir Isaac Newton. Did you know that Keynes bought most of them to keep the public from reading them?
John Maynard Keynes acquired many of Newton's writings on alchemy (mathematics and religion), stated that "Newton was not the first of the age of reason: He was the last of the magicians."
Consider that Keynes's economic principles are closer to magic, and he calls the father of Calculus the magician.
I found that quite interesting.
Wow, that is probably the most bizarre thing I have read in a long time.
Alchemy is pretty much magic, but Newton had many scientific credits as well. At the time they couldn't show that alchemy was right or wrong, but reason and logic were winning over old superstitions on things they could prove.
Just that quote has no bearing if his theory is right or wrong. You are not only making a invalid point in a discussion, but you don't even seem to understand the nature of the discussion itself or the things that need to be understood in order to participate.
You don't want repair or enhance anything during a slow period. You want to retool when you are at 100% capacity. Why shutdown and repair machinery when its idle? You want to do that during a boom.
Same thing in the public. We can't afford to spare anyone who is standing around. We want to work on the public infrastructure during high interest rates and low unemployment to take them from a busy private sector. We can't afford to use under utilized capital. We can only afford to use capital when its at capacity.
We also can't afford to spend money. Every public computer generated dollar is precious. Only the investment bank computer generated currency should be printed by the bushel full for the public good of currency speculation. Dollar carry trade and world wide dollar bloat will eventually trickle back to us in rising commodity prices. That's what we want.
We only want more private debt at high interest rates. The solution ,as Obama has told us, is banks need to lend money( create money on the keyboard) hopefully to bloat another ponzi scheme in the private sector. We need more private debt to get us over that 60 trillion mark for a good 3 trillion dollar interest overhead, not intrest free public debt held by the central bank.
The platform of choice:
* expensive private credit to fuel private debt spiral
* deficit spending during boom time
* monetaty retirement durning domestic deflation
* private ponzi paradise
* computer genreated money saving
* offshrore dollar gluts and currency wars
We have a great example of Kenysian theory playing out right now in Europe.
Government spending under the Lisbon treaty does not create money since they do not monetize government debt. How is deficit spending going to increase the money supply? Europe cannot even apply it.
If you want a lesson from Europe.
* keep your own currency if sovereignty means anything to you
* don't hand over the central bank to bankers
Basically I think what I am talking about happens to be the school of common sense, and for some reason just because it is a component of an often misunderstood, abused and even imperfect theory, it is seen as discredited.
We have a great example of Kenysian theory playing out right now in Europe.
Nothing "Keynesian" about Europe's economic crisis, of course if you actually knew anything about the general theories expounded by Sir John Maynard Keynes beyond using his name as a epithet you would know that.
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