Re: Keynes vs. Keynes... - Saab General Bulletin Board - Saabnet.com
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Re: Keynes vs. Keynes...
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Posted by Reality (more from Reality) on Fri, 6 May 2011 09:03:54 Share Post by Email
In Reply to: Re: Keynes vs. Keynes..., James, Fri, 6 May 2011 08:21:48
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A free market participant buying low selling high is by his own action counter-cyclical. Having a coercive player is quite unnecessary for the functioning of the market place; and such a coercive player would become corrupt due to the power he wields.

Because Keynesian interventionism policies are coercive, getting a few good things done right is not nearly enough to justify a coercive bully in the market place . . . any more than say if a mafia donating some of its extorted proceeds to widows would justify mafia's continued existence on a moral ground.

BTW, for a time, John Law was thought of as a genius after his book "Money and Trade Considered with a Proposal for Supplying the Nation with Money (1705)"

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