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View Full Version : "Why governments try to control prices" ~ by John Maynard Keynes



Filthy Keynes
16th November 2010, 08:52 PM
If any of you think that this economic downturn was "unintended consequences" of "well intentioned" economic policies, they need to.... well.... I won't finish the sentence.

Let's look at what the homosexual economist John (the raper and mutilator of humanity) Maynard Keynes wrote in 1920 - only seven years after the Fornicating Federal Reserve Act Of Treason was ratified on the day before Christmas Eve when half of the senators weren't there.

http://graphics8.nytimes.com/images/2008/12/15/timestopics/keynes_395.jpg


"A sentiment of trust in the legal money of the State is so deeply implanted in the citizens of all countries that they cannot but believe that some day this money must recover a part at least of its former value. To their minds it appears that value is inherent in money as such, and they do not apprehend that the real wealth, which this money might have stood for, has been dissipated once and for all.

This sentiment is supported by the various legal regulations with which the Governments endeavor to control internal prices, and so to preserve some purchasing power for their legal tender. Thus the force of law preserves a measure of immediate purchasing power over some commodities and the force of sentiment and custom maintains, especially amongst peasants, a willingness to hoard paper which is really worthless...

If, however, a government refrains from regulations and allows matters to take their course, essential commodities soon attain a level of price out of the reach of all but the rich, the worthlessness of the money becomes apparent, and the fraud upon the public can be concealed no longer."

John Maynard Keynes, Economic Consequences of the Peace, NY, 1920, p. 239-40

Never trust a homosexual to run the world economy because homosexuals do not believe in the natural laws of the universe.

Filthy Keynes
16th November 2010, 08:55 PM
NOW YOU UNDERSTAND WHY GOLD AND SILVER PRICE IS SUPPRESSED!

keehah
16th November 2010, 10:57 PM
Academia and government. A life removed from actual productivity, other than living of the productive peasants taxes.

http://www.oup.com/uk/orc/bin/9780199231331/01student/keythinkers/keynes/

John Maynard Keynes was born in Cambridge, the son of a university don ...his interest in current affairs led him to economics, in which he graduated in 1905. His intellectual brilliance and social polish ensured his election to the elite group known as the 'Cambridge Apostles'...

In 1908 Keynes became a lecturer in economics at Cambridge, and in the following year he was awarded a Fellowship by King's College.... During the First World War he continued to work for the British Treasury...

He also used his economic knowledge to speculate on the stock exchange; although he incurred considerable losses as a result of the 1929 Wall Street Crash, his ventures into this field netted him a private fortune.