A High Stakes Clash of Economists
Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency
By Alan Caruba —— Bio and Archives--September 11, 2011
American Politics, News | Comments | Back To Full Article
“We need an impulse, a jolt, an acceleration…Let us experiment with boldness on such lines, even though some of the schemes may turn out to be failures, which is very likely.”
Who said that? Was it President Obama? Franklin Delano Roosevelt? Neither. It was John Maynard Keynes, a British economist. The year was 1924 and England, still struggling to recover from the cost of World War One, was trying to figure out what steps to take. The British economy was suffering from high interest rates, falling prices, and high unemployment.
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