The Wild Words Of Keynes

“Education: the inculcation of the incomprehensible into the indifferent by the incompetent.” 

“When my information changes, I alter my conclusions. What do you do, sir?” 

“If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has.” 

“Practical men who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back” 

“Words ought to be a little wild for they are the assault of thoughts on the unthinking.” 

“Markets can remain irrational longer than you can remain solvent.”

– John Maynard Keynes

Lord Keynes of the Market

Man was not made for the market, but rather, the market was made for man.

Universal Basic Income

"One might therefore expect business leaders and their experts to be more in favour of subsidising mass consumption (by means of family allowances, subsidies to keep down the prices of necessities, etc.) than of public investment; for by subsidizing consumption the government would not be embarking on any sort of enterprise. In practice, however, this is not the case. Indeed, subsidizing mass consumption is much more violently opposed by these experts than public investment. For here a moral principle of the highest importance is at stake. The fundamentals of capitalist ethics require that 'you shall earn your bread in sweat' -- unless you happen to have private means." 

– Michal Kalecki "Political Aspects of Full Employment"

A Deflationary Criminal Conspiracy

ANTINORA CONTRA INTUITION

I stand with my P–K NIGGAZ! Sometimes the truth is counter-intuitive. Adapt the "numbers in the computer" bit for whatever silly and uniformed theory about money you have. All the excerpts are from the excellent Notes on the Next Bust blog and all the emphases are mine foolz:

"As I discuss here, there is nothing good for society about people saving money. If people could save something useful, like the environment, [ed: or energy in a useful/efficient form] then they would be doing a social good. But saving numbers on a computer screen does nothing."

My only quibble is that that "nothing" being done might actually be a the creation of a deflationary economic tailspin. One where the folk are desperate for currency and the leverage the (((( bankers )))) have over the people increases every quarter. Although Ari eventually gets around to explaining this (it's the point of his blog in fact) I just thought I should be clear about it. In fact, to be crystal I'll repeat myself: capital is imaginary and we can imagine it any way we like. We used to imagine capital as towering Gothic cathedrals—mutli–generational public works projects that exemplified perfectly the meaning of the word 'employment'. While we are at it, I should mention that the distribution of the surplus is completely up to us too. Personally, I prefer not to sacrifice reality to the god of illusion on an altar of stupidity but you're free to bow down to whichever Dildolech you prefer. That's none of my business.

ALL PRESENT CONSUMPTION – INCLUDING RETIREMENT SPENDING – COMES OUT OF CURRENT PRODUCTION