Editorials & Other Articles

Farmer Fowweather

(4 posts)

28. Rocket Scientist?

Thu Dec 27, 2012, 03:18 AM

Dec 2012

As a matter of published fact, somewhere in his magisterial "General Theory of Employment, Interest and Money" John Maynard Keynes noted that if your rulers wish employment to be encouraged, they should send the money to the people who will spend it soonest. He outlines many considerations that may delay wealthy investors from doing so.

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Iceland Was Right, We Were Wrong: The IMF [View all] polly7 Dec 2012 OP

Boy Howdy I wish THIS would infect the beltway media! annabanana Dec 2012 #1

Don't worry, the corps and the banks are dumping huge amounts of "anti-contagion" into washington Javaman Dec 2012 #34

K&R Teamster Jeff Dec 2012 #2

Also: tama Dec 2012 #3

k&r Little Star Dec 2012 #4

Du rec. Nt xchrom Dec 2012 #5

“an imbalance between rich and poor is the oldest and most fatal ailment of all Republics,” grahamhgreen Dec 2012 #6

So true.... abelenkpe Dec 2012 #19

When does the Statute of Limitations cbrer Dec 2012 #7

Do "Statute of Limitations" come from monolithic laws of nature, some deity, or an E.T.? Larry Ogg Dec 2012 #32

probably wriiten in the law they are past any limit or like Bush/Cheney, it's law they are immune. Sunlei Dec 2012 #44

kick bloomington-lib Dec 2012 #8

k/r marmar Dec 2012 #9

But doing it the austerity way, don't a handful of very, very rich people get richer? valerief Dec 2012 #10

Cha-ching! On the nosey! bluesbassman Dec 2012 #13

Because making the rich richer is *THE* most important thing in the world. valerief Dec 2012 #15

IIRC, Iceland didn't give the bankers nothing magical thyme Dec 2012 #11

Iceland gave them what was left over -- *snicker* -- after the people were given their money back. pacalo Dec 2012 #46

Krugman was right FreeBC Dec 2012 #12

K&R Sherman A1 Dec 2012 #14

I posted the same things back in 2010 and was belittled for being "naive" Drew Richards Dec 2012 #16

I was 100% against the bailout of 2008 Heather MC Dec 2012 #37

I was told how irresponsible it was. Warren Stupidity Dec 2012 #38

Kicked and recommended. Uncle Joe Dec 2012 #17

The banking system in Iceland mostly affected Iceland oldbanjo Dec 2012 #18

Global economy is still unstable abelenkpe Dec 2012 #20

Hmmm. Actually Iceland's banks were being used for deregulated speculation Warren Stupidity Dec 2012 #24

kick limpyhobbler Dec 2012 #21

^ Wilms Dec 2012 #22

Read "The Shock Doctrine" - Naomi Klein. It's all in there in, described in detail. Why do we still alberg Dec 2012 #23

The Too Big To Jail run DC, blkmusclmachine Dec 2012 #25

Um...DUH! lrellok Dec 2012 #26

Doesn't take a rocket scientist to figure this one out... tex-wyo-dem Dec 2012 #27

"The upper class will just hoard most of the wealth." caveat_imperator Dec 2012 #30

Rocket Scientist? Farmer Fowweather Dec 2012 #28

k&r nt bananas Dec 2012 #29

Ísland var rétt defacto7 Dec 2012 #31

K&R idwiyo Dec 2012 #33

K&R DeSwiss Dec 2012 #35

"Iceland gave the banksters nothing. " Volaris Dec 2012 #36

HUGE K & R !!! WillyT Dec 2012 #39

Iceland also canceled EVERY bank home forclosure and gave the homes back to the citizens. Sunlei Dec 2012 #40

Austere measures DON"T WORK lovuian Dec 2012 #41

Keynes showed the way during the Great Depression and it worked. The Austrian/U of Chicago school byeya Dec 2012 #42

I quibble with the notion that truedelphi Dec 2012 #45

Max Keiser isn't crazy after all. Gregorian Dec 2012 #43

But, but, but President Obama.... Hotler Dec 2012 #47

The IMF loves to go nation shopping!!! lunasun Dec 2012 #48