Tag Archives: J M Keynes
January 27, 2018Posted by on
This week on Facebook: Mainly for the benefit of my children, I should like to point out that German reunification refers to that of 1989 and the fall of the Berlin Wall,which led to Tag der Deutschen Einheit. This is not the same as Bismarck’s German Unification of 1850 to 1871 nor is it the 1938 Anschluss. Read more of this post
February 25, 2017Posted by on
This week on Facebook: I keep getting economic reports that any money I may hold is in danger and that those who want to take it from are my government. That my government should seek innovative means of creating inflation is hardly a surprise, the government’s (apparent) wish dispense with money altogether and make all fiat money digital is news. Although digital money is not new concept and in todays economy is synonymous with debt, the trail blazed by a digital money economy will be complex. Not in the least — I believe — because it will lead to greater debt having to be borne by the taxpayer. In a world scramble for economic growth any public administration where all money is digital in form will find it easier to devalue their currency in a sleight of hand inflation, especially when engaged in a currency war to promote economic growth. Read more of this post
November 20, 2013Posted by on
The role that economic theory plays in the ‘creation of money’ and the role played by all politicians in the manipulation of ‘economic theory’ for the purpose of a fiscal policy, bear little relationship to the social responsibility that Drucker applied to a private enterprise.
“The first responsibility of business is to make enough profit to cover the costs for the future. If this social responsibility is not met, no other social responsibility can be met.”
January 9, 2013Posted by on
A previous post Seeking Keynes – the cake introduced John Maynard Keynes and his book The Economic Consequences Of The Peace. Keynes wrote the book in 1919 following his resignation from the British delegation to the Paris Peace Conference, when it became evident that there was no hope of substantial modification in the draft Terms of Peace. The following is a condensed version of selected parts in which Keynes considered the nature of Europe and the Treaty of Versailles.