1/7/2009 Congressman Paul spoke on CNN's American Morning today to discuss the follies of trillion-dollar deficits and Keynesian economics.
American,Campaign,economics,Empire,Federal,for,Liberty,Mises,Obama,Paul,Reserve,Ron
America pulls John Maynard Keynes off the shelf and puts him to work.
Nobel Prize-Winning Economist Paul Krugman talks with Rachel Maddow about stimulating our economy by rebuilding our decrepit national infrastructure, which was left to decay during the 40 years of the Reagan Era.
"The Rachel Maddow Show," December 29, 2008.
Deal,economics,economy,FDR,infrastructure,Keynes,Keynesian,Krugman,Maddow,New,Paul,Rachel,stimulate
"[Every circulating FRN] represents a one dollar debt to the Federal Reserve system." Money Facts, House Banking and Currency Committee
"...the increase in the assets of the Federal Reserve banks from 143 million dollars in 1913 to 45 billion dollars in 1949 went directly to the private stockholders of the [federal reserve] banks." --Eustace Mullins
"As soon as Mr. Roosevelt took office, the Federal Reserve began to buy government securities at the rate of ten million dollars a week for 10 weeks, and created one hundred million dollars in new [checkbook] currency, which alleviated the critical famine of money and credit, and the factories started hiring people again." -- Eustace Mullins
"Should government refrain from regulation (taxation), the worthlessness of the money becomes apparent and the fraud can no longer be concealed." -- John Maynard Keynes, "Consequences of Peace."
"By this means government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft."--John Maynard Keynes (the father of 'Keynesian Economics' which our nation now endures) in his book "THE ECONOMIC CONSEQUENCES OF THE PEACE" (1920).
"These 12 corporations together cover the whole country and monopolize and use for private gain every dollar of the public currency..." -- Mr. Crozier of Cincinnati, before Senate Banking and Currency Committee - 1913
"A great industrial nation is controlled by it's system of credit. Our system of credit is concentrated in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the world--no longer a government of free opinion, no longer a government by conviction and vote of the majority, but a government by the opinion and duress of small groups of dominant men." --President Woodrow Wilson
"The Federal Reserve Banks are not federal instrumentalities..." -- Lewis vs. United States 9th Circuit 1992
"The Federal Reserve banks, while not part of the government,..." -- United States budget for 1991 and 1992 part 7, page 10
"The Federal Reserve bank buys government bonds without one penny..." Congressman Wright Patman, Congressional Record, Sept 30, 1941
"The Federal Reserve system pays the U.S. Treasury 020.60 per thousand notes --a little over 2 cents each-- without regard to the face value of the note. Federal Reserve Notes, incidently, are the only type of currency now produced for circulation. They are printed exclusively by the Treasury's Bureau of Engraving and Printing, and the $20.60 per thousand price reflects the Bureau's full cost of production. Federal Reserve Notes are printed in 01, 02, 05, 10, 20, 50, and 100 dollar denominations only; notes of 500, 1000, 5000, and 10,000 denominations were last printed in 1945." --Donald J. Winn, Assistant to the Board of Governors of the Federal Reserve system
"Neither paper currency nor deposits have value as commodities, intrinsically, a 'dollar' bill is just a piece of paper. Deposits are merely book entries." -- Modern Money Mechanics Workbook, Federal Reserve Bank of Chicago, 1975
"This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President [Wilson} signs this bill, the invisible government of the monetary power will be legalized....the worst legislative crime of the ages is perpetrated by this banking and currency bill." --Charles A. Lindbergh, Sr. , 1913
"From now on, depressions will be scientifically created." -- Congressman Charles A. Lindbergh Sr., 1913
"The [Federal Reserve Act] as it stands seems to me to open the way to a vast inflation of the currency... I do not like to think that any law can be passed that will make it possible to submerge the gold standard in a flood of irredeemable paper currency." -- Henry Cabot Lodge Sr., 1913
"When you or I write a check there must be sufficient funds in out account to cover the check, but when the Federal Reserve writes a check there is no bank deposit on which that check is drawn. When the Federal Reserve writes a check, it is creating money." -- Putting it simply, Boston Federal Reserve Bank
"There is a distinction between a 'debt discharged' and a debt 'paid'. When discharged, the debt still exists though divested of it's charter as a legal obligation during the operation of the discharge, something of the original vitality of the debt continues to exist, which may be transferred, even though the transferee takes it subject to it's disability incident to the discharge." --Stanek vs. White, 172 Minn.390, 215 N.W. 784
Bail,Bank,Dollar,Economy,Edward,Government,Griffin,Island,Jekyll,Mandrake,Mechanism,Money,Off,Out,Rip,Scam
he's the one who told you back in 2002 // G5 Bb5 C5 D5
that the economy was doomed // G5 Bb5 F5
and he's the one who told you to get your gold
before the government makes it illegal to hold
and now it seems we're coming to know
the truth that peter schiff has told
and the only way out is to end the fed
to sever that creature's vicious head
CHORUS
so peter schiff we gotta thank you // C5 D5 G5
for going on TV and telling the truth
the fools may call you dr doom
but i call you dr true
RAP
but when i don't see schiff on TV // C5 D5 F5 G5 (ascending)
what do i see staring at me?
a bunch of phony economists on CNBC, aka bubble tv
and each and every one of them's talkin' nothing but trash
smokin' a little to much of that keynesian crack
they're naive enough to think the way to fight the crisis
is with an endless supply of government bailouts?
no man, the way to fight the crisis is to put bernanke and hanky in the jailhouse
in fact, i got an idea --
why don't we give them irwin's cell?
yeah that's right let the truther go free
and let the liars burn in hell
CHORUS
peter,schiff
1934 - Yesterday's Libertarian Party
Ron Paul and Larouche "Hitler" Youth.
"American Liberty League" pre-Libertarian coup.
from "The Corporation", attempted coup by wealthy Free Market Laissez-Faire industrialists' group, "American Liberty League", beginnings of what would later be called the "Libertarian Party" and Libertarianism, (i.e. Ron Paul and Lyndon Larouche) for tiny government, de-regulation, "Social Darwinism" (Survival of the Financially Fittest) and Adam Smith economics.
The League stated, it'd work to "defend and uphold the Constitution" and "foster the right to work, earn, save and acquire property."
early Libertarians were fierce backlash against "Keynesian Economics" or "Mixed Economy" and Roosevelt's "New Deal" economic relief to struggling workers in the "Great Depression". early Libertarians, allied and strongly sympathized with Free Market Laissez-Faire Fascists like Adolph Hitler, Benito Mussolini and Francisco Franco, whom they admired greatly, planned to use same tactics as these cruel extreme Capitalist corporatist Dictators against the FDR administration to keep the "New Deal" from happening.
Libertarians perpetrated a failed clandestine conspiracy to overthrow President Franklin Roosevelt and the U.S. Government, 1934, to usher in a Fascist regime, to protect their vast wealth assets from being shared with struggling citizens to free the flow of credit and alleviate the bleeding economic suffering.
General Smedley Butler, openly self declared Leftist Liberal, "Social Democrat" (anti-Libertarian) and outspoken Anti-War General, since World War I, and strong supporter of FDR, was approached by proto-Libertarian Fascists, to lead the coup. Smedley, pretended to play along but refused to cooperate, tired of being what he felt was a gangster for Laissez-Faire Libertarian "Royalist" de-regulated Capitalism, balked and reported his findings to Congress. The Conspirators mistakenly thought he'd assist them because of abundant affection he enjoyed among U.S. soldiers, who admired his work for veteran's affairs, government assistance and demand for compensation and benefits for soldiers, during and post-war. They didn't know he was a loyal, principled and determined Democrat for Social justice and equality. They failed to recognize his heart and loyalty was to Working Americans, as he came from humble beginnings, was for worker's rights (particularly veterans to get fair chance to employment and not discriminated against after serving our country) and organized labor.
NOTE: Smedley Butler is author of "War is a Racket".
Smedley Butler ratted on wealthy "American Liberty League" fascist wannabes.
When Roosevelt came to power in 1933 and it quickly became apparent he didn't plan to restrict his economic recovery measures to balancing the budget and optimism, a lot of the most wealthy Americans got very nervous about this "New Deal" business. August, 1934, some formed a lobby group called "The American Liberty League" to defend interests of the "economic royalists", as FDR came to call them.
The most dramatic event involving the Liberty League, was a charge by retired Gen. Smedley Butler, a popular figure at the "Bonus Army Protest", during Hoover Administration, put down under command of Eisenhower and MacArthur. He testified before a Congressional Committee about being approached by a representative of wealthy plotters wanting him to front a military coup against the federal government. He claimed it was some of the same people to form the Liberty League that were behind the plotting.
The Liberty League's main influence was in its anti-New Deal propaganda and support for legal action against pro-labor legislation. Roosevelt's landslide victory took the wind out of the Liberty League's sails. Though the organization lingered until 1940, activity ended with 1936 election, in which they "unofficially" supported Landon against Roosevelt.
"American Liberty League, 1934-1940" by Frederick Rudolph "American Historical Review", Oct 1950. Rudolph tells of the League.
With the Cheney-Bush administration pushing Social Security phaseout using same arguments 1936 Republican Party used against then-new program, the Liberty League's ideas still have relevance. It has direct descendants and reasonance in its political children, "The Libertarian Party", congressman, Ron Paul, Larouche and others. Despite that they were reactionary, even in 1934.
"The liberty of a Democracy is not safe if the people tolerate growth of Private Enterprise and privatization to the point where it becomes stronger than the Democratic State, itself. That, in its essence, is - Fascism -- ownership of government by a wealthy individual, by a group or by any controlling private power." - Franklin Roosevelt.
Aaron,Alex,American,Butler,Capitalism,CFR,Class,Conspiracy,Corporation,Corporatism,Coup,Crony,Darwin,de-regulation,Deal,Democrat,Dictator,Disaster,Fascis,FDR,Fed,Fittest,Free,Free-mason,Freedom,Friedman,govern,healthcare,Hitler,infowars,Jew,Jones,Keynes,Klein,labor,Laissez-Faire,Larouche,League,Libertarian,Liberty,Middle,Mises,Naomi,NAU,Nazi,Neo-con,NWO,Paul,Pinochet,plutocracy,Rockwell,Ron,Roosevelt,royalist,Russo,Shock,Smedley,Social,Survival,unions,universal,veteran,Vlogolution,Zion
http://en.wikipedia.org/wiki/History_of_economic_thought - interfere in the economy. The state must invest itself, so that investors are more confident in the economic outlooks. Moreover, the investments of the state naturally provoke a growth in the general income in the economy, because the income distributed by the government to the companies are distributed to employees, who will increase their own consuption: this mechanism is called by Keynes the spending multiplier. The intervention of the state makes it possible to quit the situation of unemployment. Keynes advocated that the state spending be financed by a budgetary deficit. In the 1930s, Keynes believed conditions necessitated public sector action. Deficit spending, said Keynes, would kick-start economic activity. This he had advocated in an open letter to President Franklin Delano Roosevelt in the New York Times (1933). The New Deal programme in the US had been well underway by the publication of the General Theory. It provided conceptual reinforcement for policies already pursued. Keynes also believed in a more egalitarian distribution of income, and taxation on unearned income arguing that high rates of savings are not desirable in a developed economy. Indeed, Keynes argued that the part of income which is saved increases when the income increase, so that richer folk were prone to save too much money. This is why income should be redistributed to the poorest people, whose marginal propensity to consume is the highest. Keynes therefore advocated both monetary management and an active fiscal policy. Keynesian economics See also: Joan Robinson, Piero Sraffa, and John Hicks One year after the publication of Keynes' most important work, John Hicks designed the IS/LM model, which summarised a Keynesian view of macroeconomics. He presented his works in 1937, in an article named Mr Keynes and the Classics: A suggested interpretation, published by Econometrica. This model was to be used by most governments of developed countries after WWII. The model explain what economic policy must be led by governments to preserve full-employment and steady economic growth. It advocates a policy mix, i.e. a monetary policy combined with a budgetary policy. When a government increases its spending (spending deficit) to induce investment, interest rates necessarily increase, because there is a higher demand for money to buy the additional production. The government must prevent interest rates from rising (otherwise investment is deterred) by providing additional money (expansive monetary policy). During the Second World War, Keynes acted as advisor to HM Treasury again, negotiating major loans from the US. He helped formulate the plans for the International Monetary [71] at the Bretton Woods Fund, the World Bank and an International Trade Organisation conference, a package designed to stabilise world economy fluctations that had occurred in the 1920s and create a level trading field across the globe. Keynes passed away little more than a year later, but his ideas had already shaped a new global economic order, and all Western governments followed the Keynesian prescription of deficit spending to avert crises and maintain full employment. One of Keynes' pupils at Cambridge was Joan Robinson, who contributed to the notion that competition is seldom perfect in a market, an indictment of the theory of markets setting prices. In The Production Function and the Theory of Capital (1953) Robinson tackled what she saw to be some of the circularity in orthodox economics. Neoclassicists assert that a competitive market forces producers to minimise the costs of production. Robinson said that costs of production are merely the prices of inputs, like capital. Capital goods get their value from the final products. And if the price of the final products determines the price of capital, then it is, argued Robinson, utterly circular to say that the price of capital determines the price of the final products. Goods cannot be priced until the costs of inputs are determined. This would not matter if everything in the economy happened instantaneously, but in the real world, price setting takes time Piero Sraffa. goods are priced before they are sold. Since capital cannot be adequately valued in independently measurable units, how can one show that capital earns a return equal to the contribution to production? Piero Sraffa came to England from fascist Italy in the 1920s, and worked with Keynes in Cambridge. In 1960 he published a small book called Production of Commodities by Means of Commodities, which explained how technological relationships are the basis for production of goods and services. Prices result from wage-profit tradeoffs, collective bargaining, labour and management conflict and the intervention of government
economic,thought,WikiPedia
source from: laroucheyouth
Added: October 30, 2008
"Franklin Roosevelt or John Maynard Keynes"
"[W]e must reorganize relations among states according to what can be described as a Franklin Roosevelt Bretton Woods system, not a Truman, nor a Keynesian counterfeit. The former policy means building up science-driven, power-dense restoration of formerly industrialized nations to their former, pre-1968-1971 roles in the planet as a whole, this in order to generate a long wave of increase of per-capita density of infrastructure and net output per square kilometer of territory."
Lyndon H. LaRouche, Jr. "A NEW DARK AGE IS NOW NEAR: Today's Brutish Imperialism"
source : LPAC
***Attention:-November 18th, 2008 [WEBCAST INVITATION] - Open for 'ALL'
LaRouche to Speak on "The Greatest Crisis in Modern History"
Informed banking sources from Paris, and elsewhere, have warned that the failure of the Nov. 15th meeting of leading nations, initiated by French President Nicolas Sarkozy to discuss the outlines of a "New Bretton Woods," will likely lead to a monumental crash of the world financial system on the following Monday, leading very rapidly to systemic implosion into a New Dark Age. That situation will set the stage for Lyndon LaRouche's international webcast on Nov. 18, entitled "The Greatest Crisis in Modern History."
The only alternative to such a disaster, would be the rallying of leading patriotic forces, from the United States, Russia, China, and India, around the principles for a New Bretton Woods that have been outlined by leading U.S. economist LaRouche. The election of Barack Obama has solved less than nothing. Action on LaRouche's proposals must be taken immediately.
LaRouche made the situation clear in a Nov. 6th statement: "All negotiations pertaining to the current world financial-economic emergency are a disgusting waste of time unless they are premised on replacing the present world monetary system, through a process of reorganization in bankruptcy, to a credit-system modelled on that provision within the U.S. Federal constitution. Any proposed reform within the context of existing monetary systems is, in effect, an act of insanity."
The failure of national leaders, and thinking citizens, to have the guts to fight for LaRouche's principles of reorganization, especially as he laid them out on July 25, 2007, have brought the United States, and the world, to this current crisis point. Even as Nov. 15 approaches, LaRouche is working to mobilize those leaders to educate themselves, and establish guidelines for action.
But, regardless of the outcome, in the aftermath of the international summit, LaRouche's leadership will be more urgent than ever. Thus, leading thinkers from all nations, and especially the United States, are strongly urged to tune in to, or attend, LaRouche's November 18 international webcast, which will begin at 1 pm Eastern time at a Washington, D.C. location that Tuesday. The webcast will be aired live at www.larouchepac.com.
Preregistration is required for attendance. Contact LPAC at 1-800-929-7566.
............for more info,please visit larouchepac.com (LPAC)
OR
http://www.larouchepac.com/news/2008/11/13/november-18th-2008-webcast-invitation.html
Category: News & Politics
american,bretton,constitution,credit,development,economic,economy,Franklin,republic,Roosevelt,system,woods
Chris Robling, a principal at Jayne Thompson and Associates (www.JayneThompson.com), a crisis management and litigation support communications firm, debates and discusses the issues with show host and executive legal recruiter Jeff Berkowitz.
Roblings career has included politics, punditry and public relations. Robling was a long time program host at Chicago Public Radio [WBEZ, 91.5 FM], reported for WGN-TV from the 2008 Republican Convention and was the Executive Director for the Cook County GOP.
Topics discussed include the many strategic and tactical reasons why John McCain lost and Barack Obama won. Was McCain the wrong guy in the wrong place at the wrong time? Did Team McCain not know how to benefit from Sarah Palin? Could McCain have won if he had tied Obama to Bush by opposing the bailout? Did McCain not have the political will power to do that? Why?
Was the economy actually seizing up, due to a liquidity preference, or is the liquidity preference function no more than a name for a weekly beer bust at the University of Chicago Business School, now Booth School of Business? Was the Great Depression in the 1930s really the Great Contraction, duly named such by Milton Friedman for the Feds unfortunate decision to contract the money supply by a third? Was the liquidity trap, a figment of the Keynesian imagination?
Who are the GOP Presidential front-runners for 2012? Are the reformers in the ascendance in the Republican Party now? Could a U. S. Rep. go from the House to the White House in 2012? Could that be Paul Ryan?
Has the State GOP been dying a slow, but steady, death in the last decade. Should Illinois House minority leader Tom Cross be replaced? Does Robling want to remove Andy McKenna, Jr. as State GOP chairman? What will grow the State GOP?
How should education be reformed? Did moderate Republican gubernatorial candidate Topinka lose in 2006 because it was not her year, or because she ran an idealess campaign? Could the Illinois Policy Institute and the Heartland Institute provide fresh ideas for candidates and Illinois government?
Is the national GOP dead? Can it be resurrected? Do the U. S. House Republicans need a new Minority Leader? Will they get one?
What makes Obama run? Tick? Who were the three amigos who worked for Obama? Did they make him President?
Was Robling the token conservative on WBEZ? Is he that when he appears on WTTW, Chicagos Public TV station?
Who will replace Obama in his U. S. Senate seat? To watch Berkowitz discuss potential replacements for President-Elect Obama's Senate seat, please go to http://www.illinoischannel.org/Network%20C.htm . Will Obama remove U. S. Attorney Fitzgerald as a part of the Obama Senate replacement process?
Who will Obama put at Treasury? At State? Would Robling prefer Hillary to Kerry as Secretary of State?
Is there liberal media bias at PBS? At WTTW?
This Program was taped on November 9, 2008.
RT/29:29
affairs,public
"[W]e must reorganize relations among states according to what can be described as a Franklin Roosevelt Bretton Woods system, not a Truman, nor a Keynesian counterfeit. The former policy means building up science-driven, power-dense restoration of formerly industrialized nations to their former, pre-1968-1971 roles in the planet as a whole, this in order to generate a long wave of increase of per-capita density of infrastructure and net output per square kilometer of territory."
Lyndon H. LaRouche, Jr. "A NEW DARK AGE IS NOW NEAR: Today's Brutish Imperialism"
american,anglo,babylon,banking,bretton,british,constitution,credit,delphi,development,dutch,economic,economy,empire,fascism,Franklin,globalization,keynes,larouche,larouchepac,maynard,monetary,oligarch,opollo,oracle,republic,Roosevelt,slavery,system,usury,venetian,Venice,woods
It's time to take stock of -- er, to look back at the people and events that have shaped the recent economic crisis.
"Who Stole The Kishka," and "The Last Time I Saw Henry" by Frankie Yankovic and His Yanks.
Good info on the current crisis and its background:
Peter Schiff's analysis:
http://www.youtube.com/watch?v=HtY42wnFVMI
Bill Parish:
http://www.youtube.com/watch?v=4NaJ9byMu3s
Jim Rogers:
http://www.youtube.com/watch?v=rkwtYhiJ930
"Covering Your Fanny..."
http://www.youtube.com/watch?v=AiEWCnpNnBQ
Congress in its own words:
http://www.youtube.com/watch?v=_MGT_cSi7Rs
Banking,Bernanke,Bush,California,Clinton,Conservative,Cox,DC,Deal,Deficit,Democrats,Depression,Economics,Economy,Fannie,Fascism,FDIC,FDR,Federal,Francisco,Frank,Freddie,Keynes,Keynesian,Left,Liberal,Mac,Mae,Mortgage,New,Paulson,Pelosi,Politics,Polka,Progressive,Reid,Republicans,Reserve,Right,Roosevelt,San,Savage,SEC,Securities,Socialism,Subprime,Surplus,Treasury,Yankovic
President Bush Statement On The Economy Sept 30th 2008
http://www.freedomworks.org/informed/issues_template.php?issue_id=3039
http://www.nowallstreetbailout.com/
http://www.freedomworks.org/informed/issues_template.php?issue_id=3034
http://lacrossewatchdog.blogspot.com/2008/09/president-bushs-statement-on-economy.html
30th,bailout,bush,commanding,corrupt,corruption,economics,economy,free,George,heights,impeachment,Keynesian,lacrossewatchdog,market,michael,mike,pbs,president,republicans,rino,sept,socialism,socialist,taxes,tellier,the,warmonger
Funny 'cause it's true.
austrian,bankrupt,fiat,funny,keynes,keynesian,money,school,subprime
Dr Mahathir Mohamed talks to Stephen Sackur 3/3
--------------------------------------------
During his term in office, Dr Mahathir turned Malaysia into a regional high-tech manufacturing, financial, and telecommunications hub through his economic policies based on corporate nationalism, known as the various "Malaysia Plans" which set out the government middle-term objectives. These policies with strong Keynesian tendency remained in effect almost to the end of his tenure in office.
Dr Mahathir is credited with spearheading the phenomenal growth of the Malaysian economy, now one of the largest in South East Asia.
Growth between 1988 and 1997 averaged over ten percent and living standards rose twentyfold, with poverty relatively almost eradicated and social indicators such as literacy levels and infant mortality rates becoming almost on par with developed countries.
During this period, Dr Mahathir embarked on various large scale national projects, such as the North-South Expressway, Multimedia Super Corridor, the planned capital city of Putrajaya, Johor's Port of Tanjung Pelepas, Kuala Lumpur International Airport (KLIA), the Bakun Dam in Sarawak, and the Petronas Twin Towers.
During the Asian financial crisis of 1997, IMF had prescribed a recovery package for Malaysia, but Dr Mahathir defied international pressure, his then rejecting the package. Though economic prosperity has been mixed since then, Mahathir argued that Malaysia's recovery was relatively faster and better, as compared to many other Asian countries affected. After the financial crisis, the IMF and World Bank acknowledged that Dr Mahathir's approach had worked.
Dr,Mahathir,Malays,Malaysia,MCA,MIC,Tun,UMNO
Dr Mahathir Mohamed talks to Stephen Sackur 2/3
--------------------------------------------
During his term in office, Dr Mahathir turned Malaysia into a regional high-tech manufacturing, financial, and telecommunications hub through his economic policies based on corporate nationalism, known as the various "Malaysia Plans" which set out the government middle-term objectives. These policies with strong Keynesian tendency remained in effect almost to the end of his tenure in office.
Dr Mahathir is credited with spearheading the phenomenal growth of the Malaysian economy, now one of the largest in South East Asia.
Growth between 1988 and 1997 averaged over ten percent and living standards rose twentyfold, with poverty relatively almost eradicated and social indicators such as literacy levels and infant mortality rates becoming almost on par with developed countries.
During this period, Dr Mahathir embarked on various large scale national projects, such as the North-South Expressway, Multimedia Super Corridor, the planned capital city of Putrajaya, Johor's Port of Tanjung Pelepas, Kuala Lumpur International Airport (KLIA), the Bakun Dam in Sarawak, and the Petronas Twin Towers.
During the Asian financial crisis of 1997, IMF had prescribed a recovery package for Malaysia, but Dr Mahathir defied international pressure, his then rejecting the package. Though economic prosperity has been mixed since then, Mahathir argued that Malaysia's recovery was relatively faster and better, as compared to many other Asian countries affected. After the financial crisis, the IMF and World Bank acknowledged that Dr Mahathir's approach had worked.
Dr,Mahathir,Malays,Malaysia,MCA,MIC,Tun,UMNO
Alan Greenspan on Sky news. Notice how Greenspan mentions (in the video clip) the 50/50 ration, he is notorious for his incredibly ambiguous statements known as "Fed Talk". The 50/50 is used for virtually everything, whether the U.S. is in a recession , fiscal policy etc.. Why bother studying Keynesian economics when you could simply use the Alan Greenspan method of flipping a coin and calling tails.
Disclaimer: I am in no way affiliated with the various Primerica/multilevel marketing nonsense that is displayed in the "Related videos".
Alan,Commentary&analysis,Economy,Greenspan,World
http://causeoffreedom.blogspot.com
http://paulestine.blogspot.com
http://libertyia.ning.com
http://www.myspace.com/mercedforfreedom
Learn Economics:
http://www.mises.org
http://www.FAME.org
Austrian,budget,CATO,deficit,Economics,economy,Inflation,interest,Keynesian,Mises,Paul,rates,Ron
sam hui
加價熱潮
The Road To Serfdom.
By Friedrich August Hayek
The Road to Serfdom is a book written by Friedrich Hayek (recipient of the Nobel Prize in Economics in 1974) and originally published by Routledge Press in March 1944 in the UK and then by the University of Chicago in September 1944. In April, 1945, Reader's Digest published a slightly shortened version of the book (still in print from the Institute of Economic Affairs), which eventually reached more than 600,000 readers. Around 1950 a picture-book version was published in Look Magazine, later made into a pamphlet and distributed by General Motors. The book has been translated into approximately 20 languages and is dedicated to "The socialists of all parties". The introduction to the 50th anniversary edition is written by Milton Friedman (another recipient of the Nobel Prize in Economics [1976]). In 2007, the University of Chicago Press put out a "Definitive Edition". The Road to Serfdom is among the most influential and popular expositions of classical liberalism and libertarianism.
This single book has significantly shaped the political ideologies of Ron Paul, Margaret Thatcher, Ronald Reagan and the concepts of 'Reagonomics' and 'Thatcherism'. It also led to the revival of Neoclassical economics in the West and lessening the Keynesian influence.
Margaret,Paul,Reagan,Reagonomics,Ron,Ronald,Thatcher,Thatcherism
Richard Wolff Ph.D., Yale, 1969 Professor of Economics - University of Massachusetts - Amherst.
Professor Wolff's major interests include (a) the critical comparison of alternative economic theories (neoclassical, Keynesian, and Marxian) (b) the application of advanced class analysis to contemporary global capitalism, and (c) new developments in Marxian economics. He has published several books with Stephen Resnick including Knowledge and Class: A Critique of Political Economy, Economics: Marxian vs Neoclassical, Bringing It All Back Home: Class, Gender and Power in the Modern Household (co-authored with Harriet Fraad), and most recently Class Theory and History: Capitalism and Communism in the USSR. He is a member of the editorial board of several academic journals including Rethinking Marxism.
www.globalmacroscope.com redwolff@worldnet.net
AESA/Rethinking,and,Brecht,Democracy,Forum,Keynes,Marx,Marxism,MNNnyc,Socialism
Commanding Heights: The Battle for the World Economy
Outside the mainstream
The spirit of Chicago
Harnessing economic forces
The Keynesian high tide
Watch all of Commanding Heights at PBS.org
http://www.pbs.org/wgbh/commandingheights/hi/story/index.html
Central,Commanding,Economics,Friedman,Heights,Larry,Milton,Planning,Summers