Thursday, August 13, 2009

Economics & Eugenics

Loose Fiscal Policy has brought America to its Knees. Much of that Policy stems from the Theories of:

John Maynard Keynes

John Maynard Keynes, 1st Baron Keynes
, CB (pronounced /ˈkeɪnz/) (5 June 1883 – 21 April 1946) was a British economist whose ideas have been a central influence on modern macroeconomics, both in theory and practice. He advocated interventionist government policy, by which governments would use fiscal and monetary measures to mitigate the adverse effects of business cycles, economic recessions, and depressions. His ideas are the basis for the school of thought known as Keynesian economics, and its various offshoots.

In the 1930s, Keynes spearheaded a revolution in economic thinking, overturning the older ideas of neoclassical economics that held that free markets would automatically provide full employment as long as workers were flexible in their wage demands. Following the outbreak of World War II Keynes's ideas concerning economic policy were adopted by leading Western economies. During the 1950s and 1960s, the success of Keynesian economics was so resounding that almost all capitalist governments adopted its policy recommendations.

Keynes's influence waned in the 1970s, due to critiques from Milton Friedman and other economists who were less optimistic about the ability of interventionist government policy to positively regulate the business cycle. However, the advent of the global financial crisis in 2007 has caused a resurgence in Keynesian thought. Keynesian economics has provided the theoretical underpinning for the plans of President Barack Obama, Prime Minister Gordon Brown and other global leaders to rescue the world economy.

In 1999, Time Magazine named Keynes one of the 100 most influential people of the 20th century and reported that, "His radical idea that governments should spend money they don't have may have saved capitalism". He is widely considered the father of modern macroeconomics, and by commentators such as John Sloman, the most influential economist of the 20th century. In addition to being an economist, Keynes was also a civil servant, a patron of the arts, a director of the Bank of England, an advisor to several charitable trusts, a writer, a private investor, an art collector and a farmer.


The Instrument Enacting Keynes Interventionist Macroeconomics is America's:

Federal Reserve System

(also known as the Federal Reserve, and informally as The Fed) is the central banking system of the United States. It was created as a result of the Panic of 1907, which was a particularly severe panic after a series of other panics (from previous decades), in which people raced to their banks to withdraw their deposits, which caused banks to fail, which in turn wreaked havoc throughout the U.S. economy. With the passage of the Federal Reserve Act on December 23, 1913, the Federal Reserve System was created "to address these banking panics" and "that would help prevent and contain financial disruptions" like the Panic of 1907. Over time, the roles and responsiblities of the Federal Reserve System have expanded and its structure has evolved, with events such as the Great Depression leading to major changes in the system. Its duties today, according to official Federal Reserve documentation, fall into four general areas:
  1. conducting the nation's monetary policy by influencing the monetary and credit conditions in the economy in pursuit of maximum employment, stable prices, and moderate long-term interest rates;
  2. supervising and regulating banking institutions to ensure the safety and soundness of the nation's banking and financial system and to protect the credit rights of consumers;
  3. maintaining the stability of the financial system and containing systemic risk that may arise in financial markets;
  4. providing financial services to depository institutions, the U.S. government, and foreign official institutions, including playing a major role in operating the nation's payments system.

Ask a representative selection of British Citizens what They think of the Reign of Gordon Brown, with His embrasure of Keynes Interventionism in Their Personal, Household Economies. We don't have to travel That road farther than to note that we've just Traveled it, AGAIN.

So what Else has Keynes contributed to the Improvement of the Sovereign, Individual, Citizen?

Wiki has:

The Galton Institute/British Eugenics Society

Check Their List of Prominent Members.

John Maynard Keynes, Director 1937-1944 V.P. 1937

What conclusion might You Draw from summing up these snippets?

Returning to Keynes Wiki expose:

"Keynes was always confident he could find a solution to whatever problem he turned his attention to, and retained a lasting faith in the ability of government officials to do good."


As in Weeding out the Bad Genetic Stock infesting the under classes, through Eugenics?

If you need a Refresher in just how Nothing, Psychiatric Genetics has actually Proven to date:

Psychiatric Genetics: Another Empty Box Of Bio-$cience.

Macroeconomic Interventionism IS, what it IS: the Brain Fart of a Eugenicist.

Psychiatric Intervention IS, what it IS:

Medical Publishing Co. Calls Bull Shit
Psychiatry lacks the fundamental elements of ANY field claiming to be a science.
Psychiatric Drugs ARE, what they ARE:

FDA Reported Adverse Reactions

America's Outrage over surrendering Their Health Care to Govt, IS, what it IS:

Town Hall Meeting Says NO To Govt Health Care;

The CITIZEN outrage over this Interventionist Fiasco is NOT simple political partisanship. These CITIZENS, are UNITED in their Opposition.

Join them and Make Your Voice Heard.

Unless of course you Want your kids Drugged, for some Non-Disease which exists only through being Voted into existence by a Show of Drug Money Conflicted hands.

ADHD, 100% FRAUD: Dr. Fred Baughman

2 comments:

betasheep said...

That Keynes was an eugenicist is no surprise. All the leading intellectuals of his day were. You failed to mention that he was very unabashedly and openly bisexual, if not out and out gay. It was very daring for his time.

You are correct about the economic crises of the US. I'm an avid collector of US coins and with this hobby comes a fairly good economic history of the US. One thing that I learned is that economic upheaval and collapse are the rule rather than the exception in US history up until WWII and after.

D Bunker said...

As to Keynes sexual proclivities, That, affected No One but himself, his partners, and their immediate circles.

As to his Interventionist theories, what Govt Wouldn't rush to embrace them? They open the flood gates for Govt to Rob their populace without even Knowing they're being robbed.

Post WWII America had the manufacturing infrastructure in situ to produce Hard, Durable goods after producing Transport Vehicles, Tanks, Planes, Ships and Munitions. Retooling to produce automobiles, trucks, stoves & refrigerators was a snap. Those Durable goods were what fueled the post war economy.

Keynes Interventionist Theft of people's hard won Equity - While they Slept - attached itself to a system so robust that it took Decades to bring that system down.

Just crank up the presses. That Will balloon productivity for a While, but just as unpaid credit cards accumulate interest charges while they sleep in your wallet, at Some point the Bill comes due.

Durable, major ticket goods are the Life's Blood of an economy. Where are America's today? What does America produce?

What we are producing - thanks to the Un Constitutional abdication By Congress of rock solid currency - is Socialism with endless Govt programs which will never be Allowed to fail themselves out of business.


Please also note that we've quoted Thomas Sowell

"Socialism in general has a record of failure so blatant that only an intellectual could ignore or evade it."
-- Thomas Sowell

Keynes was a Leading Intellectual. Eugenicists need an underclass to get rid of. Endless toilet paper IOUs masquerading as Money Create those underclasses.

Our Constitution admits of neither junk currency nor Eugenics, and unabashedly Proscribes Both.