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Talk:John Maynard Keynes

2012-03-18T21:43:03Z

DavidMilton1: /* interesting article on Keynes indicating he was an arrogant and corrupt man */

== interesting article on Keynes indicating he was an arrogant and corrupt man ==

Here is an interesting article on Keynes which appears to show that he was a prideful and dishonest person: http://sabhlokcity.com/2011/01/john-maynard-keynes-the-stealth-enemy-of-human-freedom/ For example, he appears to have pretended to read a book that was an economics work that was written in German and the claim he it contained nothing new. It later came out that he Keynes could not read German. After all is said and done, Keynes appears to be have been an arrogant and corrupt man. [[User:Conservative|conservative]] 20:43, 22 January 2011 (EST)

I am curious about calling Keynes a pedophile, there is no proof of this on the interent. Is it still ok to put this in Conservapedia.

Arrogant and homosexual, but evidence as being a pedaphile? There is not even any reference to it in the article. [[User:DavidMilton|DavidMilton]] 18:43, 27 August 2011 (EDT)
Yes, there is no evidence of pedophilia anywhere. I can find no reliable source on the internet which has any. I think that this is just a childish rumour that the author invented. --[[User:Samsonnn|Samsonnn]] 13:12, 13 November 2011 (EST)

This seems more like an attack article on Keynes. mixing politics and economics usually has bad results... anyways keynes was right when it comes to demand fueling an economy -youngconservative132

:Deleted - The cited reference gives no support for pedophilia. All homosexaulity would have been illegal in Britain during time Keynes is reported as going with a 16 year old. The age of 16 is the current age of consent in Great Britain. The question of morality may rest in both/either engaging in secual contact with a partner of the same sex; and at the most Ephebophilia (the desire for late adolsecents) rather than pedophilia). Leaving this in the article is therefore contrary to the credibility of the article [[User:DavidMilton1|DavidMilton1]] 18:38, 17 March 2012 (EDT)

== Logic flaw ==

This article is rife with Ad Hominem arguments. To protect it's validity and credibility, someone should remove all Ad Hominem arguments. Also, only one person (Zygmund Dobbs) has ever made any accusations of paedophila. Another source should be found to back this up. [[User:Factcheck47|Factcheck47: Making sure Conservapedia stays Trustworthy]] 14:56, 18 December 2011 (EST)

Debate:Are alcohol, marijuana, and nicotine gateway drugs?

2012-03-17T22:53:49Z

DavidMilton1: /* That's difficult */

{{debate}}

==YES==

If you start with any of these, you are likely to move on to harder stuff. -- (unsigned remark by [[User:Ed Poor]], who gave starting comments for both the "yes" and "no sections")

:Please define "likely" and your evidence that it is true. I drink and have never used either marijuana or nicotine. [[User:Brewer13210|Brewer13210]] 18:23, 18 April 2007 (EDT)

:I say, first, medicinal wine from a teaspoon, then beer from a bottle! An' the next thing ya know, your son is playin' for money in a pinch-back suit. And list'nin to some big out-a-town Jasper hearin' him tell about horse-race gamblin'. One fine night, they leave the pool hall, headin' for the dance at the Arm'ry! Libertine men and scarlet women, and ragtime, shameless music that'll grab your son and your daughter with the arms of a jungle animal instinct: mass-steria!
::—Meredith Willson, "Trouble," from ''The Music Man''
:::[[User:Dpbsmith|Dpbsmith]] 19:44, 18 April 2007 (EDT)

At one time in my life, I thought marijuana was great, why the hell is illegal? I thought that it was much better to smoke pot than drink alcohol (nobody beat their wife from smokin pot). I figured out later in life that the people I grew up with who smoked, no longer found the buzz suffucient, experimented with stronger drugs then they all ended up with coke problems, crack, ultimately strung out on prescription drugs like oxycotin. Weed: gateway drug? you bet it is. Alcohol is a gateway to insanity. Nicotine is a gateway to a painful decline of health and ultimately ones death.--[[User:Jpatt|jp]] 21:35, 20 April 2007 (EDT)

:Marihuana, yes, but only because it is illegal. Yes for the same reason to a lesser extent for the ethyl and the other leaf (illegal for under-21 and under-18). Why? Well, to quote an old friend, it gets you used to meeting seedy types in suspect environments and transacting clandestine deals. If it was legal, no one using it would learn how to buy illegal drugs. [[User:Human|Human]] 21:21, 23 April 2007 (EDT)

:So if Marijuana were legalized, would it help prevent people from going on to harder drugs? [[User:Czolgolz|Czolgolz]] 09:27, 4 May 2007 (EDT)

::That the conclusion that can be drawn from his theory, yes. They would still have yet to learn how to find drug dealers and interact with them, for example. [[User:Human|Human]] 12:08, 4 May 2007 (EDT)

There's another reason to say "yes", which also relates to society and its rules rather than the drugs in question. That is that the herbal jazz cigarettes are described to the uninitiated as being a terrible, terrible thing (in various education programs and pamphlets). If and when the youth actually ''tries'' the sweet leaf, they discover it's "not so bad" after all. Then they might very well question the things they have been told about "harder" drugs. [[User:Human|Human]] 12:08, 4 May 2007 (EDT)

I feel that weed GENERALLY, not always, is a gateway drug. Most people I know that smoke Marijuana are not taking anything else. However I believe that once taken the need or the drive to take something stronger is felt.--[[User:DudeImJon|DudeImJon]] 14:32, 18 September 2007 (EDT)

:: I had some friends that started to experiment with alcohol, marijuanna, and cigarettes during senior year of high school. Now all of them are on harder stuff like crystal meth and cocaine. So yes, they are gateway drugs. Marijuanna is already illegal and I believe that we need to ban substances such as alcohol and nicotine. -- [[User:Jose83|Jose83]]

==NO==

There is no evidence for this. That's all a bunch of moralistic hooey. -- (unsigned remark by [[User:Ed Poor]], who gave starting comments for both the "yes" and "no sections")

There is ABSOLUTELY no medical evidence to say that one drug leads to another.

:''Experts Discount Marijuana as Big Factor in Crime but Drive on It Will Be Pressed.'' Studies by the Committee on the Marijuana problem in the City of New York, appointed by Mayor La Guardia in January, 1939, have led the committee to the conclusion that ... "juvenile delinquency is not associated with the practice o smoking marijuana." Further findings are ... that its use "does not lead to morphine or heroin or cocain[sic] addiction" and that "the publicity concerning the catastropic effects of marijuana smoking in New York City is unfounded."
::—''New York Times,'' January 12, 1945, p. 22
:::[[User:Dpbsmith|Dpbsmith]] 19:44, 18 April 2007 (EDT)

I agree with Dpbsmith: most people drink alcohol (some more than others) and most of them probably started in their teens, yet most people do not became heavy drug users as they get older, it's as simple as that.

:I think you mistook what I was saying. I didn't write the sentence that opened the section, Ed Poor did. I did indeed post a quotation from a news story about a 1945 mayor commision that concluded that the use of marijuana did not lead to the use of heroin or "cocain." In terms of which side I'm on, all I can say is that I haven't seen any convincing reason for treating alcohol and marijuana as being in ''different categories'' in terms of the law or public policy. Nicotine is interesting because it is probably more damaging to health and more addictive than either alcohol or marijuana, but does not cause intoxication, so nicotine users pose less of a risk to others... there's no issue of "driving while smoking." [[User:Dpbsmith|Dpbsmith]] 12:05, 19 April 2007 (EDT)

As for Marijuana, how many of today's businesspeople, doctors, scientists, etc have smoked some while they were in college?
I don't claim to know the exact percentage, but I think that proves a point.
:::[[User:Middle Man|Middle Man]]

::::Add "ex-Presidents of the United States" to the list. [[User:Dpbsmith|Dpbsmith]] 14:32, 19 April 2007 (EDT)
:::::Add current Presidents to this list. [[User:ColinR|ColinR]][[User_talk:ColinR|talk]] 14:33, 19 April 2007 (EDT)

I smoked marijuna every week for three years, but never tried anything harder. Since I moved back to the US in 2001, I haven't touched it. [[User:Czolgolz|Czolgolz]] 11:24, 23 April 2007 (EDT)

:My various addictions, habits, and chemical/herbal recreations over the decades have never shown any correlations. And none of the good stuff (like single malt) led to nasty white powder problems. [[User:Human|Human]] 21:24, 23 April 2007 (EDT)
There is no such thing as a "gateway" drug, saying marijuana led to heroin is like saying Florida led to North Pole. It's all the Orwellian government and its corrupt minions. [[User:Wooyi|Wooyi]] 15:25, 3 June 2007 (EDT)

All the statisitcs I've seen on this look at it backwards. They say X% of cocaine users started out using marijuana. The significant statistic is the percentage of marijuana smokers who go on to use cocaine. I never see those statistics quoted. Perhaps French fries are a gateway drug; I bet more than 90% of cocaine users in this country had previously eaten French fries at some point. [[User:PortlyMort|PortlyMort]] 11:19, 21 July 2007 (EDT)

I do not believe so. I have regretfully used all three drugs and have never moved on to and have never desired moving on to harder drugs. I feel like if you have the will to avoid items like heroin, cocaine, and the like, you will, and no amount of peer pressure will steer you otherwise. [[User:WesleyS|WesleyS]][[User Talk:WesleyS|Hello!]] 22:30, 7 November 2008 (EST)

== Marijuana is, but alcohol and tobacco aren't ==
No, I don't happen to believe this is true, but of course this ''is'' the conventional wisdom, and an often-cited rationale for treating marijuana in a different way, in the law and as a matter of public policy, from alcohol and tobacco. Hey, Ed, exactly what were you up to when you put all three of them together? [[User:Dpbsmith|Dpbsmith]] 14:34, 19 April 2007 (EDT)
:Agree, I would say it is people's natural instinct to resist change, "addiction to status quo". [[User:Wooyi|Wooyi]] 15:27, 3 June 2007 (EDT)
::Let's not forget that the only reason alcohol is legal in this country is that when it was made illegal, that caused new problems without stopping people from drinking. I don't think anyone who has considered the question honestly can maintain that alcohol is not a far more dangerous drug than marijuana or nicotine or probably many other illegal drugs. Alcohol causes violence, reckless behavior, etc., in ways that even the strongest opiates cannot. It is not as addictive as many other drugs, but addiction to it is among the most damaging addictions to health, both physical and mental, and the most resistant to cure. (This may be only because it is so widely available.) Moreover, there is a substantial youth culture centered around drinking. If the worst thing that could be said about this culture was that it brought youth to other drugs, that would be an improvement. --[[User:Andy|Andy]] 20:45, 17 November 2007 (EST)

== Definitely ==

== That's difficult ==
I would say that Marijuana is, but only because it is illegal, and therefore must be purchased from a guy who'd also like to hook you on anything he can, and isn't real scrupulous about how that gets done. Tobacco is, maybe. I think people are unlikely to try smoked drugs without first smoking cigarettes, but that may be because those two things are attractive to the same people, and cigarettes are a bit easier to come by. Alcohol is not.

At one time some dealers of pot would lace the drug with small quantities of something harder. Then they would stop doing that and hope the cistomer would move up. [[User:Markr|Markr]] 13:15, 15 November 2008 (EST)

They are all "gateway drugs" in the sense that those prone to abuse and seek greater detachment/escapism/(choose a motive) through drugs are likley to start on one or more of these more commonly available subtances before moving on to other drugs. On the otherhand, if the term "gateway drug" is used in a way that suggests a majority of users are necessarily or likely to go on to further things then there is no particular evidence of this, other than the fact (made in the comment above) that cannabis is illegal and users are more exposed to other drugs. The term gateway drug is, like many 'slippery slope' arguments used when the debator lacks the knowledge in other credible arguments. [[User:DavidMilton1|DavidMilton1]] 18:53, 17 March 2012 (EDT)

== Absolutely not ==
Marijuana is not a gateway drug in any sense of the word. If you smoke/have been smoking marijuana for a while, you will not eventually start heroine, cocaine, meth, etc. The whole myth of it being a gateway drug is just that: A myth, mostly created by the government during the "Just say no" period of the Drug War. In addition, marijuana is not lethal (Unless you smoke a couple THOUSAND.), and it does not kill braincells. These are, once again, just myths/lies/fibs/etc created by the government. Simple, really. --[[User:GunnerRecall|GunnerRecall]] 16:43, 17 August 2008 (EDT)
:Oh thank you. Now I'll start to use Marijuana because you completely convinced me with your facts, proofs and logic. Not. --[[User:AdamE|AdamE]] 11:22, 29 August 2008 (EDT)

John Maynard Keynes

2012-03-17T22:39:09Z

DavidMilton1:

[[File:Keynes.jpg|right|thumbnail|175px|John Maynard Keynes]]
'''John Maynard Keynes''' (5 June 1883 - 21 April 1946) was an incompetent [[liberal]] [[British]] economist and one of the most persuasive frauds of the 20th century.
<ref>
*[http://www.keynesatharvard.org/book/KeynesatHarvard-ch09.html KEYNES AT HARVARD Economic Deception as a Political Credo BY ZYGMUND DOBBS]
*[http://www.theatlantic.com/daily-dish/archive/2008/01/keyness-jew-boy-quickie/220620/ The Atlantic - Keynes' pederasty]
*[http://centurean2.wordpress.com/2011/03/20/fabian-john-maynard-keynes-the-stealthy-enemy-of-human-freedom/ John Maynard Keynes the stealthy enemy of human freedom]
*[http://www.bloomberg.com/news/2010-02-22/deathbed-of-keynesian-economics-will-be-in-u-k-matthew-lynn.html Deathbed of Keynesian Economics will be in the UK]
*[http://www.iwf.org/inkwell/show/23102.html Will the G8 Repudiate the Philosophy of Living Beyond Our Means?]
</ref> In 2010, his native land of Britain (which is deeply in debt) repudiated his economic folly of government [[deficit spending]] through the implementation of an austerity budget during a period of economic difficulty.<ref>[http://www.iwf.org/inkwell/show/23102.html Will the G8 Repudiate the Philosophy of Living Beyond Our Means?]</ref><ref>[http://www.bloomberg.com/news/2010-02-22/deathbed-of-keynesian-economics-will-be-in-u-k-matthew-lynn.html Deathbed of Keynesian Economics will be in the UK]</ref>
Although government certainly is necessary, the more efficient private sector is better at creating economically productive jobs and other economic activity such as [[investment|investing.]]

In August of 2011, the [[conservative]] author [[Vox Day]] wrote:
{{cquote|...in the 1930s, it was only the USA that attempted to fight the post-1929 economic contraction with [[Keynesian Economics|Keynesian stimulus policies]] and only the USA suffered a [[Great Depression]]. In England, the contraction stopped in 1932, France never saw double-digit unemployment, and the Japanese economy was actually enjoying significant growth. This time, Europe, China, and Japan all followed the US lead and applied their own stimulus plans in 2009, which we are already seeing is now in the process of backfiring on everyone.<ref>[http://voxday.blogspot.com/2011/08/overprepared.html Overprepared]</ref>}}

It is ironic that [[liberal]]s such as [[Barack Obama]] advocate Keynesian economic concepts since they are violating one of John Maynard Keynes' key principles. Keynes advocated having governments run [[budget surplus|budget surpluses]] during good economic times.<ref>EK Brown-Collie and Bruce E. Collier, What Keynes really said about deficit spending, Journal of Post Keynesian Economics, Vol. 17, No. 3, Spring, 1995</ref> In addition, Keynes advocated that governments should increase government spending during difficult times and even engage in [[deficit spending]]. Keynes was against large structural deficits as he believed they are a drag on the economy.<ref>http://money.cnn.com/2010/02/04/news/economy/meltzer_keynes.fortune/</ref> Liberals such as Barack Obama [[American Recovery and Reinvestment Act of 2009|advocate massive U.S. government spending]] during a period when the federal government already has a [[Obama administration fiscal policy|massive amount of existing debt]]. Furthermore, Obama's colossal government spending was inefficient and [[American Recovery and Reinvestment Act of 2009|did not pull the American economy out of its economic problems]], but merely [[Obama administration fiscal policy|buried the U.S. economy under more debt.]]

==Biography==

Keynes, the son of a professor, was born in [[Cambridge]], and went on to attend [[Eton College]] where he excelled in mathematics, classics, and history. In 1902 he entered [[King's College, Cambridge]] to read for a degree in mathematics, however, due to his interest in politics he found himself increasingly drawn toward economics. It was at Cambridge that he found himself under the tutelage of [[Alfred Marshall]] and [[A.C. Pigou]]. Keynes accepted an economics lectureship at Cambridge funded personally by Marshall. Soon thereafter he took a leave of absence to work for the British Treasury, an institution in which his expertise was frequently called upon during the [[World War I|First World War]]. Indeed, at the end of the war, Keynes was selected to be the Treasury's principal representative at the [[Paris Peace Conference]] of 1919. The subsequent [[Treaty of Versailles]] precipitated Keynes' resignation from the Treasury, as he felt it was draconian in its treatment of Germany.

He returned to Cambridge. His ''The Economic Consequences of Peace'' in 1920 was a highly influential slashing attack on the economic disasters that he said would be caused by the Versailles Treaty. He furthered these ideas in 1922 with ''A Revision of the Treaty'', in which he argued that the reparations that Germany was being forced to pay would lead to the collapse of the German economy. In 1923, the German economy entered a period of [[hyperinflation]], which Keynes had not predicted. Keynes found himself becoming increasingly involved in the political process. First supporting the [[British Liberal Party|Liberal Party's]] 1929 "Election Manifesto", and later as an adviser to [[Ramsay MacDonald]]'s Labour government.

Keynes' ''magnum opus'' appeared in 1936, ''The General Theory of Employment, Interest, and Money''. Largely a reaction to the high unemployment that had characterised post-war Britain, the book was among the most revolutionary works of modern economics, signaling a paradigm shift within modern economic thought. As the era went on his prestige and celebrity grew, in 1942 he was made a lord. During the war he advised the Treasury and was Britain's lead representative at the 1944 [[Bretton Woods Conference]]. He died of a heart attack in 1946.

== Keynesian school of economics ==

Keynes was a founding father of modern theoretical [[macroeconomics]]. Breaking with the [[Neo-classical Economics|neoclassical]] orthodoxy of his era, Keynes argued that macroeconomic relationships differ from their [[Microeconomics|microeconomic]] counterparts. He went on to advocate government intervention into markets and proposed a demand-driven model for money. His theories formed the basis of what came to be known as [[Keynesian economics]].

Keynes rejected socialism--he did not want government to own or even control industry, but rather he wanted the government to optimize the economy though its "fiscal policies," that is, taxes and spending. He was a lifelong member of the [[British Liberal Party]], which held few seats in Parliament after 1920.

Keynes was, with [[Milton Friedman]] one of the two most influential economists of the 20th century. Keynes, based at Cambridge University, influenced the economics profession in many ways and was surrounded by students and disciples. He was a major adviser to the Treasury during World War II and helped design the postwar "Bretton Woods" international monetary system.

Keynes' most influential work was in [[Macroeconomics]], where his model of the nation economy emphasized fiscal policy (government spending and taxation) as more useful than regulation or monetary policy. He thus offered a non-socialist solution to the [[Great Depression]]. The Keynesian solutions were not accepted for many years, then they were widely adopted in the 1950s in Britain and the United States. Their popularity peaked in the 1960s, just as they came under heavy criticism from [[Milton Friedman]] and other conservatives for their theoretical weaknesses, and their inability in practice to deal with the economic crises of the 1970s in which high unemployment, high inflation, and slow growth coexisted.

== Keynes, homosexuality and pederasty ==

''see also:'' [[Atheism, pederasty and NAMBLA]] and [[John Maynard Keynes and pederasty]]

Lytton Strachey, his male bed partner, wrote that Keynes was “A [[liberal]] and a [[homosexuality|sodomite]], An [[atheism|atheist]] and a statistician.”<ref>http://www.keynesatharvard.org/book/KeynesatHarvard-ch09.html</ref> Keynes and his friends made numerous trips to the resorts surrounding the Mediterranean. At the resorts, little boys were sold by their families to bordellos which catered to [[homosexuality|homosexuals]].<ref>http://www.keynesatharvard.org/book/KeynesatHarvard-ch09.html</ref>

In 2008, ''The Atlantic'' reported:
{{cquote|Keynes obsessively counted and tabulated almost everything; it was a life-long habit. As a child, he counted the number of front steps of every house on his street. Later he kept a running record (not surprisingly) of his expenses and his golf scores. He also counted and tabulated his sex life.

The first diary is easy: Keynes lists his sexual partners, either by their initials (GLS for Lytton Strachey, DG for Duncan Grant) or their nicknames ("Tressider," for J. T. Sheppard, the King's College Provost). When he apparently had a quick, anonymous hook-up, he listed that sex partner generically: "16-year-old under Etna" and "Lift boy of Vauxhall" in 1911, for instance, and "Jew boy," in 1912.<ref>http://www.theatlantic.com/daily-dish/archive/2008/01/keyness-jew-boy-quickie/220620/</ref>}}

Zygmund Dobbs wrote in his work ''Keynes at Harvard'':
{{cquote|In 1967 the world was startled by the publication of the letters between Lytton Strachey and Maynard Keynes. Undisputed evidence in their private correspondence shows that Keynes was a life-long sexual deviate. What was more shocking was that these practices extended to a large group. Homosexuality, sado-masochism, [[lesbianism]], and the deliberate policy of corrupting the young was the established practice of this large and influential group which eventually set the political and cultural tone for the British Empire.

Keynes’ sexual partner, Lytton Strachey, indicated that their sexual attitudes could be infiltrated, “subtly, through literature, into the bloodstream of the people, and in such a way that they accepted it all quite naturally, if need be, without at first realizing what it was to which they were agreeing.” He further explained, privately, that, “he sought to write in a way that would contribute to an eventual change in our ethical and sexual mores—a change that couldn’t ‘be done in a minute,’ but would unobtrusively permeate the more flexible minds of young people.” This is a classic expression of the Fabian socialist method of seducing the mind. This was written in 1929 when it was already in practice for over forty years. It is no wonder we are reaping the whirlwind of student disorders where drug addiction and homosexuality rule the day.<ref>http://www.keynesatharvard.org/book/KeynesatHarvard-ch09.html</ref>}}

Keynes was a [[bisexual]] who married Lydia Lopokova. In his work ''The Cambridge Apostles, 1820-1914: Liberalism, Imagination, and Friendship in British Intellectual and Professional Life'', William C. Lubenow expresses the opinion that Keynes was an [[agnosticism|agnostic]].<ref>The Cambridge Apostles, 1820-1914: Liberalism, Imagination, and Friendship in British Intellectual and Professional Life, 1998, Cambridge University Press, page 402</ref>

== Keynes the incompetent fraud ==
[[File:President Barack Obama.jpg|thumbnail|right|190px|[[Barack Obama]] advocates the use of [[Keynesian economics|Keynesian economic concepts]] despite the fact that the [[John Maynard Keynes and pederasty|pedophile]] John Maynard Keynes was incompetent and a fraud.<ref>
*[http://centurean2.wordpress.com/2011/03/20/fabian-john-maynard-keynes-the-stealthy-enemy-of-human-freedom/ John Maynard Keynes the stealthy enemy of human freedom]
*[http://www.bloomberg.com/news/2010-02-22/deathbed-of-keynesian-economics-will-be-in-u-k-matthew-lynn.html Deathbed of Keynesian Economics will be in the UK]
*[http://www.iwf.org/inkwell/show/23102.html Will the G8 Repudiate the Philosophy of Living Beyond Our Means?]
*[http://www.keynesatharvard.org/book/KeynesatHarvard-ch09.html KEYNES AT HARVARD Economic Deception as a Political Credo BY ZYGMUND DOBBS]
</ref> ]]
Murry Rothbard wrote in his work ''Keynes the man'':
{{cquote|The young Keynes displayed no interest whatsoever in economics; his dominant interest was philosophy. In fact, he completed an undergraduate degree at Cambridge without taking a single economics course. Not only did he never take a degree in the subject, but the only economics course Keynes ever took was a single-term graduate course under Alfred Marshall.

...Murray Rothbard says it all: Was Keynes, as Hayek maintained, a “brilliant scholar”? “Scholar” hardly, since Keynes was abysmally read in the economics literature: he was more of a buccaneer, taking a little bit of knowledge and using it to inflict his personality and fallacious ideas upon the world, with a drive continually fueled by an arrogance bordering on egomania. … He possessed the tactical wit to dress up ancient statist and inflationist fallacies with modern, pseudoscientific jargon, making them appear to be the latest findings of economic science. Keynes was thereby able to ride the tidal wave of statism and socialism, of managed and planning economies.<ref>http://centurean2.wordpress.com/2011/03/20/fabian-john-maynard-keynes-the-stealthy-enemy-of-human-freedom/</ref>}}

=== Dishonesty of Keynes ===

Concerning his dishonesty Rothbard wrote:
{{cquote|Keynes reviewed Ludwig von Mises’s German Treatise on Money and Credit in 1914, slandering it, but it later came out that he did not understand German! As Murray Rothbard notes, ‘This was Keynes to the hilt: to review a book in a language where he was incapable of grasping new ideas, and then to attack that book for not containing anything new, is the height of arrogance and irresponsibility.”<ref>http://centurean2.wordpress.com/2011/03/20/fabian-john-maynard-keynes-the-stealthy-enemy-of-human-freedom/</ref>}}

Rothbard also maintains Keynes purposefully misrepresented the work of English economist Arthur Cecil Pigou.<ref>http://centurean2.wordpress.com/2011/03/20/fabian-john-maynard-keynes-the-stealthy-enemy-of-human-freedom/</ref>

== Keynesian Economics and Stagflation ==
[[File:6a00d8341c60bf53ef011571a57670970b-500wi1.jpg|right|300px|thumb| [http://hotair.com/greenroom/archives/2009/07/19/the-anti-stimulus-in-pictures-any-questions/?print=1 ''Chart courtesy of Duane Lester''] ]]
In February of 2010 the ''[[Washington Times]]'' reported:
{{cquote|Prices rose 2.7 percent during 2009, according to the Bureau of Labor Statistics' recent update of the Consumer Price Index (CPI). This is a worrisome fact because last year's unemployment rate averaged more than 9 percent. This trend may signal a return of "stagflation," a merger of stagnation and [[inflation]].

In the 1970s, stagflation shocked traditional [[Keynesian economics|Keynesian]] economists, whose models said the economy could not suffer from both high unemployment and rapid inflation at the same time. Unfortunately, the Keynesians were wrong, because an economy obviously can experience both evils simultaneously...

It seems every week the Obama administration announces some new tax or mandate that will further handicap businesses. Regardless of the official definitions of recession, the economy will remain sluggish for years to come. But if the [[Federal Reserve]] continues with its reckless policies, Americans will experience high inflation on top of high unemployment. As in the late 1970s, Americans will see that the pundits are wrong, because stagflation is very real.<ref>http://washingtontimes.com/news/2010/feb/19/setting-the-stage-for-stagflation/</ref>}}

On June 18, 2011 Business Insider declared:
{{cquote|There are millions upon millions of Americans that are sitting at home on their couches right now wondering why they lost their jobs and why nobody will hire them. Millions of others are wondering why the only jobs they can get are jobs that a high school student could do. Families all across America are wondering why it seems like their wages never go up but the price of food and the price of gas continue to skyrocket.<ref>http://www.businessinsider.com/collapse-of-the-economy-2011-5</ref>}}

On June 15, 2011 Fox News reported:
{{cquote|The government said consumer prices jumped 3.6% year-over-year, exceeding estimates for 3.4% and good for the largest increase since October 2008 when they climbed 3.7%. Core prices gained 1.5%, compared with forecasts for 1.4%.

The hotter-than-expected inflation data combined with a dreary report that showed manufacturing activity in New York State unexpectedly contracted in June to send U.S. stock futures tumbling more than 100 points into the red Wednesday morning.

The inflation report underscores the Fed's limited options in injecting new stimulus into a U.S. economic recovery that may have stalled out in recent months. That’s because further quantitative easing may only increase the pressure on inflation.

“Stagflation is now a growing reality and the 'flation' part ties the hands of the Fed to react with more easing,” Peter Boockvar, equity strategist at Miller Tabak, wrote in a note. “As many of us believe, though, the more easing has added to the 'flation' so maybe less will tame it.”
<ref>http://www.foxbusiness.com/markets/2011/06/15/core-inflation-posts-largest-increase-since-july-08</ref>}}

==Keynesian Economics further elaboration ==

Keynesianism centres around the concept of total spending within an economy, what Keynes terms [[aggregate demand]] and its effect upon output and inflation. In the eyes of Keynesians, the [[free market]] does not necessarily tend toward [[full employment]]. Periods such as this were witnessed in the 1930's during the [[Great Depression]], and in the eyes of Keynes could only be solved by increasing the level of expenditure within the economy. In order to do this Keynes advocated increasing government expenditure, frequently in the form of deficit spending, in order to extricate the economy from recession. At the same time Keynes argued that if expenditure within the economy was too high and the economy was at full employment then this would inevitably lead to inflation, as such in periods such as this Keynes advocated tax increases, and a reduction in government expenditure in order to "deflate" the economy. In Keynes view this can level off the peaks and fill in the valleys, solving the problem of depressions.

As is evident, Keynesian thinking went on to influence the fiscal policy of many governments, as well as influencing a generation of economists. "We are all Keynesians now," said President Richard Nixon in 1969.

Keynesianism became the dominant policy in the U.S., Britain and Canada, and a few smaller countries, after 1945. The economic disciples were themselves too young to take much credit--not until the 1960s would they be top government advisers. However Keynesianism suited the needs of many key players. To politicians it gave a formula that demonstrated they were doing something to avoid another Great Depression. Liberals and labor welcomed the high government spending. Businessmen were relieved that Keynesianism a barrier to nationalization of industry or government ownership and socialism. Indeed the Keynesians paid little attention to control or regulation of specific industries; that was unnecessary said the Keynesian model, because tax rates and government deficits or surpluses were paramount.

==Criticism of Keynes and Keynesian Economics==
By the 1970s Keynesianism had run out of steam, and its theoretical model could not account for "stagflation" -- the simultaneous case of high inflation and slow growth that dragged on in the 1970s.

New models from the [[Chicago School of Economics]] (led by [[Milton Friedman]]), were fresher and more appealing. [[Margaret thatcher]] in Britain and [[Ronald Reagan]] in the U.S. explicitly disavowed Keynesianism in favor of Chicago models.

Even in the 1930s Keynes was not without his critics, most notably [[Friedrich von Hayek]], whose critiques of Keynesian theory went on to form the basis of the [[Supply-side economics|Supply-side]], [[Monetarism|monetarist]], and [[Austrian School|Austrian School's]] objections to Keynesianism.

Although Keynes was not a socialist, he poked fun at businessmen and was criticized by conservatives both during the [[Bretton Woods Conference]] and afterward for his pro big government stance. His policies about expanded government intervention were criticized for infringing on free markets. Libertarian opponents to Keynes argue that in the long run the [[invisible hand]] of the markets would correct any problem that would arise. Keynes responded by noting, "In the long run, we are all dead."
== See also ==

*[[Essay: Obamanomics - Voodoo pedophile influenced economics]] - [[satire]]

==Further reading==
* Felix, David. ''Keynes: A Critical Life'' (1999) [http://www.questia.com/library/book/keynes-a-critical-life-by-david-felix.jsp online edition]
* Hutt, W. H. ''Keynesianism--Retrospect and Prospect: A Critical Restatement of Basic Economic Principles'' (1963) an attack on his theories by a conservative economist. [http://www.questia.com/library/book/keynesianism-retrospect-and-prospect-a-critical-restatement-of-basic-economic-principles-by-w-h-hutt.jsp online edition]
* Keynes, Milo, ed. ''Essays on John Maynard Keynes'', (1975)
* Harrod, Roy. ''The Life of John Maynard Keynes'', (1951)
* Moggridge, D. E. ''Maynard Keynes: An Economist's Biography'' (1995) [http://www.questia.com/library/book/maynard-keynes-an-economists-biography-by-d-e-moggridge.jsp online edition]
* O'Donnell R. M. ''Keynes: Philosophy, Economics & Politics.'' (1989).
* Patinkin, Don. "Keynes, John Maynard", in ''The [[New Palgrave: A Dictionary of Economics]]'', v. 2, 1987, pp. 19-41.
* Skidelsky, Robert. ''John Maynard Keynes: Hopes Betrayed 1883-1920'', (1992), the standard scholarly biography [http://www.amazon.com/John-Maynard-Keynes-Betrayed-1883-1920/dp/014023554X/ref=sr_1_5?ie=UTF8&s=books&qid=1237121695&sr=8-5 excerpt and text search]
** ''John Maynard Keynes: The Economist as Saviour 1920-1937'', (1994)
** ''John Maynard Keynes: Fighting for Britain 1937-1946'' (2001) [http://www.amazon.com/John-Maynard-Keynes-Fighting-1937-1946/dp/0670030228/ref=sr_1_4?ie=UTF8&s=books&qid=1237121695&sr=8-4 excerpt and text search]
*** ''John Maynard Keynes: 1883-1946: Economist, Philosopher, Statesman'' (2005) Abridged edition; [http://www.amazon.com/John-Maynard-Keynes-1883-1946-Philosopher/dp/0143036157/ref=sr_1_3?ie=UTF8&s=books&qid=1237121695&sr=8-3 excerpt and text search]
* Skidelsky, Robert. ''Keynes'' (1996), 144 pp
===Primary sources===
* Keynes John Maynard. ''The Collected Writings of John Maynard Keynes,'' 30 Vols., ed. by Sir Austin Robinson and Donald E. Moggridge. (1971-89).

==External Links==
*[http://www.econlib.org/library/Enc/bios/Keynes.html John Maynard Keynes Biography] from ''The Concise Encyclopedia of Economics''
*[http://www.econlib.org/library/YPDBooks/Keynes/kynsCP.html J.M. Keynes, ''The Economic Consequences of Peace'']
*[http://www.marxists.org/reference/subject/economics/keynes/general-theory/ J.M. Keynes ''The General Theory of Employment, Interest, and Money'']
==References==
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{{DEFAULTSORT: Keynes, John Maynard}}
[[Category: Economists]]
[[Category: British History]]
[[Category:Finance]]
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Talk:John Maynard Keynes

2012-03-17T22:38:08Z

DavidMilton1: /* interesting article on Keynes indicating he was an arrogant and corrupt man */

== interesting article on Keynes indicating he was an arrogant and corrupt man ==

Here is an interesting article on Keynes which appears to show that he was a prideful and dishonest person: http://sabhlokcity.com/2011/01/john-maynard-keynes-the-stealth-enemy-of-human-freedom/ For example, he appears to have pretended to read a book that was an economics work that was written in German and the claim he it contained nothing new. It later came out that he Keynes could not read German. After all is said and done, Keynes appears to be have been an arrogant and corrupt man. [[User:Conservative|conservative]] 20:43, 22 January 2011 (EST)

I am curious about calling Keynes a pedophile, there is no proof of this on the interent. Is it still ok to put this in Conservapedia.

Arrogant and homosexual, but evidence as being a pedaphile? There is not even any reference to it in the article. [[User:DavidMilton|DavidMilton]] 18:43, 27 August 2011 (EDT)
Yes, there is no evidence of pedophilia anywhere. I can find no reliable source on the internet which has any. I think that this is just a childish rumour that the author invented. --[[User:Samsonnn|Samsonnn]] 13:12, 13 November 2011 (EST)

This seems more like an attack article on Keynes. mixing politics and economics usually has bad results... anyways keynes was right when it comes to demand fueling an economy -youngconservative132

:Deleted - The cited reference gives no support for pedophilia. All homosexaulity would have been illegal in Britain during time Keynes is reported as going with a 16 year old. The age of 16 is the current age of consent in Great Britain. The question of morality may rest in both/either engaging in secual contact with a partner of the same sex; and at the most Ephebophilia (the desire for late adolsecents) rather than pedophilia). Leaving this in hte articles is therefore contrary to the credicility of the article [[User:DavidMilton1|DavidMilton1]] 18:38, 17 March 2012 (EDT)

== Logic flaw ==

This article is rife with Ad Hominem arguments. To protect it's validity and credibility, someone should remove all Ad Hominem arguments. Also, only one person (Zygmund Dobbs) has ever made any accusations of paedophila. Another source should be found to back this up. [[User:Factcheck47|Factcheck47: Making sure Conservapedia stays Trustworthy]] 14:56, 18 December 2011 (EST)