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Tag Archives: John Maynard Keynes
A Flaw in the Model
The election of Donald Trump was due, in no small part, to the abject corruption of our elite. In my last post, I examined An Economic Theory of the Criminal Law, where 7th Circuit Judge Richard Posner states that the poor require … Continue reading
Posted in neofeudalism, neoliberals
Tagged Alan Greenspan, An Economic Theory of the Criminal Law, animal spirits, Ayn Rand, banana republic, Democrats, Education/Industrial/Complex, flaw in the model, John Maynard Keynes, looting, magical belief system, military industrial complex, mortgage-securitization process, Naked Capitalism, neoliberalism, neoliberals, not a bug but a feature, Republicans, Richard Posner, student-loan-securitization process, Yves Smith
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Collaborators
The Great Depression so discredited capitalism that it created space for the New Deal reforms implemented by President Franklin D. Roosevelt. Many of these policies, influenced by economist John Maynard Keynes, involved massive government intervention in the economic affairs of … Continue reading
Posted in Uncategorized
Tagged Bill Clinton, Civil Right Act, Corey Robin, FDR, George Wallace, Hillary Clinton, John Maynard Keynes, Michael Kalecki, neo-liberal, New Deal, Politcal Aspects of Full Employment, Powell memo, President Obama, Public-Private Partnerships, Richard Nixon, Rick Perlstein, southern strategy, triangulation, Voting Rights Act, Wall Street
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Wedgie
To accomplish their economic agenda conservatives have historically used race, crime, abortion, and gay marriage as divisive wedge issues. It’s the same today. Indeed, government at every level is under attack by the forces of organized wealth and their political enablers who … Continue reading
It’s all about the rents
John Maynard Keynes was famous for his acerbic quote: Euthanize the rentiers. How did we come to worship the rentiers in our economy instead? I’ve been nattering on about the scourge of rentiers since CK’s inception, and how classical political … Continue reading
Posted in Uncategorized
Tagged David Cay Johnston, FIRE sector, John Maynard Keynes, Joseph Stiglitz, Michael LInd, rentier
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