Keynesian futurism on a wing and a prayer BBC SPINS KING

keynes duncan grantBBC SPINS KING

 

This is the sort of leftist thinking that gets porn stars elected to safe family Democrat seats never mind win marginals in Edinburgh for Labour this year, Its a great piece of Keynesian exposition, thats for sure and if you are 'completing' in Economics this year and need an essay on Keynes than this could be it. But read the exposition, this kind of thinking is futurist nuts I think;

UK savings rise as an exact counterpart of government deficit

Look! Keynes hung around with writers and painters creative types, his 1930s futirist visions & the following 1970s neo-Keynesian babble of balanced growth & automatic stabilisers etc (the perfect 'New Town' planned vision )is all nonsense. We are all monetarists now, if we are not then you are in a fgringe group,

 

"The chap in the frivolous hat, looking as if he's considering nothing more taxing than replanting the herbaceous border and possibly lunch, is the great economist John Maynard Keynes - painted in 1917 by his lover, Duncan Grant." THE GUARDIAN

John Maynard Keynes

 

 

 

 

 

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The incredible shrinking General Theory

From 

TheMoneyIllusion

via Ian Fraser (of course). It seems that the concepts of dynamic multipliers and "wealth effects" of neo-Keynesian Stimuli remain alive and well only in the Scottish Borders .... "a wing and a prayer"

the article is here

 

Crowding Out 2