Posted 11/23/2014 17:09 (#4196655 - in reply to #4196312) Subject: RE: Keynes and debt
John Burns - 11/23/2014 14:18
So your and my thoughts will probably never gell concerning Keynes. But he did say some smart things about inflation and gold.
If I said anything that gave you the idea that I thought Keynes' economic policies had a chance of working longer term, either I wrote it badly, or you read it wrong. I called it "Central Planning Lite" - and that was not a complementary label. Central Planning is almost always, at least when it comes to economics, a disaster.
This is why I have such a dislike for subsidized crop insurance. We're about to experience this, I fear.
Germany also continues to take back gold.
