Changes

<ref>

<ref>

*[http://www.keynesatharvard.org/book/KeynesatHarvard-ch09.html KEYNES AT HARVARD Economic Deception as a Political Credo BY ZYGMUND DOBBS]

*[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]

*[https://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://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]

*[https://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.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>  

</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>[https://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.]]

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.]]

{{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>}}

{{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]]es 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.]]   

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]]es 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>https://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==

==Biography==

{{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.

{{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>}}

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>https://www.theatlantic.com/daily-dish/archive/2008/01/keyness-jew-boy-quickie/220620/</ref>}}

Zygmund Dobbs wrote in his work ''Keynes at Harvard'':

Zygmund Dobbs wrote in his work ''Keynes at Harvard'':

[[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>

[[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://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]

*[https://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.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]

*[http://www.keynesatharvard.org/book/KeynesatHarvard-ch09.html KEYNES AT HARVARD Economic Deception as a Political Credo BY ZYGMUND DOBBS]

== Keynesian Economics and Stagflation  ==

== 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''] ]]

[[File:6a00d8341c60bf53ef011571a57670970b-500wi1.jpg|right|300px|thumb| [https://hotair.com/greenroom/archives/2009/07/19/the-anti-stimulus-in-pictures-any-questions/?print=1 ''Chart courtesy of Duane Lester''] ]]

In February 2010 the ''[[Washington Times]]'' reported:

In February 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]].

{{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]].