Posts Tagged ‘Keynesian economics’

Austrian Influence in China: Interview with and the WSJ

October 15, 2012
English: GFDL picture of F.A. Hayek to replace...

English: GFDL picture of F.A. Hayek Released by the Mises Institute. (Photo credit: Wikipedia)

Austrian Influence: China and the WSJ :: The Circle Bastiat

Today’s Wall Street Journal  “Weekend Interview”, “Zhang Weiying: China’s Anti-Keynesian Insurgent” highlights the work of this Chinese economist’s explicit application of work of Hayek and the Austrian School to the criticize and illustrate the ineffectiveness Keynesian based economic policy in China.

It seems Austrian free-market economics is finding interested parties in an unexpected place, China.

It seems they are very much aware that their own Keynesian monetary policy is a failure..


Jesus a socialist? He rather took a whip to the thieving lying money changers!

April 8, 2012
Keynesian Economics

Keynesian Economics (Photo credit: Seabamirum)

Chavez was praying publicly to Jesus at an pre-Easter mass at the Catholic Church where he took communion from the priest there, despite many years of harsh criticism of the Church.

And from reactions, it seems he repeated the old myth pushed by leftists everywhere that Jesus was some kind of radical leftist.

It’s a myth because he certainly was not. He went about everywhere HIMSELF healing the sick and helping the poor and comforting the broken-hearted. Yes, he condemned the hypocritical Pharisees and those who have this world’s goods and who know to do good and do it not.

That’s why he would most certainly be a plague upon today’s version of the money changers who corrupt the churches and the political class. He took his whip to the thieves and robbers who had profaned the temple in Jerusalem and drove them out, the only time he took physical action against the oppressors of the poor and innocent. In spite of the ubiquitous quote about rendering unto Caesar what belongs to Caesar and to God what belongs to God, there is a less-known passage in Matthew chapter 17 that shows what he thinks about the people who tell you what you have to give in taxes.

Matthew 17: 24 And when they were come to Capernaum, they that received tribute [money] came to Peter, and said, Doth not your master pay tribute?

Today, he would go after the Federal Reserve and they would send “fellows of the baser sort” against him to testify against him, attack him, again, and they would call him all kinds of names, just like the Sanhedrin and money changers did then, and the Romans to his followers later when he threatened the livelihood of idol makers that live off pagan superstitions that they themselves promote.

Yes, that privately owned (not “federal”) currency printing and manipulation enterprise (no real “bank”, just cartel executives), and no reserves of real value to stabilize the value of the currency.

Bernanke said 2 percent inflation is “not so bad”. Yeah, not to him, because multiply that “2%”by all the dollars that the middle class and the poor have in hand, and he gets a pretty penny just by electronically “printing” enough dollars to make it 2%! And favor whomever they will with it. Who do they favor? We don’t know except for the revelation of some of the TARP and stimulus money that Ron Paul‘s bill forced them to divulge, so now we now that the richest banks and hustlers of Europe and the United States got it, while the middle class lost their homes and the poor lost even more hope.

But what about the housewife? Now she has to give up this, give up that, and we in the hinterlands, we know that the inflation is already higher than 2% and that the low-ball figures they give us from their perch above the masses is a bunch of hooey. The housewives and providers of America know that it’s more than that, because we are watching prices go up and the value of our dollars go down.

Gas prices are among the most volatile and visible barometer of inflation and the direction it’s headed, and it’s double what it was just a couple of years ago. Not so much due to less supply, or even speculators counting on less supply, though that is surely a factor, but it’s more dollars circulating as people are told to be more confident in the economy. When there is more confidence, there are more enterprises that stop sitting on money so much and invest it more.

But the problem of the central planners and the clueless Keynesian graduates of central-control indoctrination centers, is that NOBODY can accurately and precisely predict how any economic measure is going to affect the zillions of decisions of individual people going about their lives.

When the government uses its threat of firepower to take a big chunk of your livelihood for some “good cause”, it distorts the picture for all of us and throws a wrench into the way it would work out.

A lot of the actors that push this scheme are well-intentioned, just gullible. I used to be one so I know.

On the other hand, there are some of the vilest schemers in history who know that these measures kill prosperity and tell us lies about it to get us to go along.

Such a one was Karl Marx, who made a big platform point for the Communist Manifesto of establishing central banks in every country in the world.

As yourself: Why would Karl Marx want a cartel of the Wall Street-type and international bankers to have a total monopoly on all the currencies of the world?!

The only reasonable answer I can figure out, and I don’t seem people asking this, is that it is the easiest way to control the people, manipulate their economic life, and establish a dictatorship. BUT! If he knew it would lead to his Communist dictatorship, then this baloney about the poor and this fraud about bringing down the mean greedy capitalists was a ruse to put some special group of them in power!

Yes, Jesus would go to Washington and preach it from the hilltops: Throw out the money changers, thieves and robbers!

Establishment economists do what they’re paid to do, denounce gold standard

January 21, 2012

“rawstory” delivered up a story from AFP about a “panel” of 40 economists, “bipartisan” they said and repeated (oh yeah?), that denounced the idea of returning to a gold standard. They used the word “bipartisan” while they also mentioned that the other candidates are feebly echoing Ron Paul‘s support for a gold standard:

AFP was pathetically backwards wrong on the Honduras situation in 2009, so I’m not surprised they repeat this globalist neo-conservative disdain for using money of genuine intrinsic independent value.

And “bipartisan” my rear end! as the expression says it. How stupid do you guys think we are? Go back to your Money 101 class, even Keynes bow to “full faith and credit of” clause, it’s a Keynesian trade secret.

What people need is a medium that is immune to the political whims of bankers like the ones that own the Federal Reserve, like gold. They can’t manipulate its worth, which these Master Manipulators think is a bad thing.

When the Fed increases the money supply, it’s the big banks that get the big dollars first, and that means they and their best and biggest clients the biggest corporations can use it to multiply their own record profits. Now with more money floating around prices go up because they chase after the same production of goods and services, ==> and that is the ROBBERY BY STEALTH that is fiat currency.

These are “experts” blessed by the political rulers to give their religious blessing. It’s an “opiate for the masses” so the blind can lead the blind into the ditch.

Ron Paul is right. Golden Rule Government is the best for all of us, the poor most of all.


Keynesians, Hungary, Honduras and Leftist Hypocrisy

December 30, 2011

Krugman and company criticize Hungary’s new leaders and their constitution.

And this criticism is from the same ones who wanted to slap down Honduras for defending its own freedom from the EXACT SAME things they complain about here. Such haughty hypocrisy from the ones who wanted to put the socialist dictator and Chavez-Castro puppet Manuel Zelaya back into his seat of power, after he refused a dozen laws and court orders to try to legitimize his coup with an unconstitutional fraud.

No wonder Americans are sick and tired of Big Money Big Government Liars Media, arm of the government-media complex and guppies of the Wall Street bankers that run the Federal Reserve and their currency monopoly.

God is not mocked. Whatsoever a man seweth that shall he also reap. Goes around comes around. Krugman’s name will be dirt in the history books. Pushing more Keynesian debt major failures is the poster boy for “Don’t know much about history”.