Keynes

Capital movements are no

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Capital movements are no longer necessarily related to the production of goods and services. Through the financial markets of the world, capital movements today are overwhelmingly concerned with the capture of and trade in property rights, the ownership of assets that magnify a corporation’s wealth, power, and control. It is what John Maynard Keynes described … Read more

Keynes was chief economic

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Keynes was chief economic adviser to the British government and largely responsible for keeping the British economy afloat at a time when more than half of our gross national product, and all of our foreign exchange, was being spent on the war. I was lucky to be present at one of his rare appearances in … Read more

I don’t have too

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I don’t have too much interest in teaching other people how to get rich. And that isn’t because I fear the competition or anything like that – Warrenhas always been very open about what he’s learned, and I share that ethos. My personal behavior model is Lord Keynes: I wanted to get rich so I … Read more

Fossil fuel is very

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Fossil fuel is very seductive stuff. [John Maynard] Keynes once said that, as far as he could tell, the average standard of living from the beginning of human history to the middle of the eighteenth century had perhaps doubled. Not much had changed, and then we found coal and gas and oil and everything changed. … Read more

Fascism entirely agrees with

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Fascism entirely agrees with Mr. Maynard Keynes, despite the latter’s prominent position as a Liberal. In fact, Mr. Keynes’ excellent little book, The End of Laissez-Faire (1926) might, so far as it goes, serve as a useful introduction to fascist economics. There is scarcely anything to object to in it and there is much to … Read more