Thursday, August 11, 2011

The Brilliance of Keynes (Heh.)

Ol' John M Keynes did not have children (he was a homosexual), so it's no surprise that Keynesian debt problems were not high on his list of worries.

And as it turns out, he was also not so good at predictions of other sorts.

My favorite part is when he announces that prices won't rise as a result of going off the gold standard. The price of gold then was around £5. Today, it's £1,095. And of course, as we all know, Great Britain is still the industrial powerhouse of the world...

So says the Austro-Economist follower, Vox.


J. Strupp said...


I didn't think you were at all uncomfortable taking advice from unmarried, childless men who are oftentimes homosexuals. You are Catholic aren't you?


Dad29 said...

Based on your devotion to the old queer, you're more Catholic than I am.

But then, I never ask priests about "how to run a national economy into the ground in 5 years or less".

Prolly should. They couldn't possibly do worse than Keynes and his current BFF, Obozo/Geithner/Bernanke. (A threesome!!)

J. Strupp said...

Ah you're cracking me up today dadster.