Thoughts for the day from John Maynard Keynes (the economist whose theories work)

[Manifestor_of_Light]

Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.

The outstanding faults of the economic society in which we live are its failure to provide for full employment and its arbitrary and inequitable distribution of wealth and incomes.


About Keynes:
There are still many people in America who regard depressions as acts of God. I think Keynes proved that the responsibility for these occurrences does not rest with Providence.
-- Bertrand Russell, in Autobiography Ch. 3 : Cambridge, p. 69

Keynes's intellect was the sharpest and clearest that I have ever known. When I argued with him, I felt that I took my life in my hands, and I seldom emerged without feeling something of a fool. I was sometimes inclined to feel that so much cleverness must be incompatible with depth, but I do not think that this feeling was justified.
---- Bertrand Russell, in Autobiography Ch. 3 : Cambridge, p. 69


This is me talking:
I am no economist, but it seems that Keynes' economic theories worked to bring about prosperity. I assume those are the exact opposite of Milton Friedman and the U. of Chicago School of "Supply side economics".

Anyone can have tons of inventory and supply, but if there is no demand, and nobody is buying anything, that is a depressed economy. Yet it seems that multinational corporations are busy destroying our economy since Reagan fired the first shot of union-busting in 1981, and they don't care as we collapse into a dying, militarily overextended empire.

/END AMATEUR ECONOMIST RANT