THE KEYNES WAY

DURING THE GREAT DEPRESSION OF THE 1930'S THE MOST WELL
KNOWN ECONOMIST WAS LORD MAYNARD KEYNES,AN,AN ENGLISHMAN
WHO NEVER THE LESS HAD TALK'S WITH F.D.R. AND CAME TO THIS
CONCLUSION IN HIS BOOK "THE GENERRAL THERORY" PUBLISHED IN
1936.
TO SUMERIZE HIS STATMENT IN THE BOOK ABOUT HOW TO REMEDY THE
DEPRESSION-KEYNE'S WITH HIS TOUNGE ONLY PARTLY IN HIS CHEEK SAID
{AND I PARAPHRASE}THIS:
THAT "TO FILL AN EMPTY AND UNUSED COAL MINE WITH BOTTLES FULL
OF BANK NOTES AND THEN DIG THEM OUT AGAIN WOULD REDUCE
UNEMPLOYMENT.WHILE IT WOULD BE BETTER TO BUILD HOUSES-IF SUCH A
THING WERE IMPOSSIBLE IT WOULD BE BETTER TO EMPLOY THE FIRST
IDEA THAN TO DO NOTHING".
HE ALSO POINTED OUT THAT THE IDEA'S OF "ECONOMISTS" AND "POLITICAL
PHILOSOPHERS" WERE MORE POWERFUL THAN WAS COMMONLY UNDER-
STOOD.THAT,IN FACT,"MENS{AND WOMENS} LIVE'S WERE RULED BY LITTLE
ELSE".
FOR 29 YEARS WE HAVE BEEN WITNESSING THE EFFECTS OF "TRICKLE-
DOWN ECONOMICS".THIS THEORY WAS DREAMT UP BY A DEFUNCT AND
DISCREDITED ECONOMIST AROUND 1900.IT OBVIOUS {AS WAS POINTED OUT
BACK IN 1900 AND SO NEVER IMPLEMENTED} THAT THE THEORY AS WE
HAVE SEEN IN PRACTICE BRINGS HUGE INEQUITIES AND MASSIVLY ASTRO-
NOMICAL DEFICETS THAT WE CAN'T AFFORD.IT'S TIME TO GET RID OF THIS
FAILED SYSTEM THAT HAS BROUGHT AMERICA'S AND INDEED THE WORLDS
ECONOMIES TO THE BRINK OF DISASTER.WE NEED A NEW AND BETTER
SYSTEM OF ECONOMICS-ONE THAT TAKE'S INTO ACCOUNT ALL THE CHANGES
THAT SECOND MILENIA HAS BROUGHT WITH IT.AMERICA AND THE WORLD
DESERVE BETTER.LET'S FIND A SYSTEM THAT WORKS
AND IS INCLUSIVE OF ALL PEOPLES-NOT JUST SOME.

WRITTEN BY PETE HOLLY-COPYRIGHT-2009-ALL RIGHTS RESERVED