Archive for the ‘Finance’ Category

“In the long run we’re all dead”

September 21, 2009

It seems that book burning is necessary for the public good.

First there was the embarrassment caused by the Italian translator to Karl Marx’s Das Kapital Volume III (a certain Benito Mussolini, who was NEVER a Socialist, NEVER, NEVER, NEVER…). Clearly the forgeries must be destroyed.

Now it transpires that the very name of the General Theory of Money and Credit (which inspire the policy adopted by the present governments of the U.K. and the U.S.A.) was inspired by National Socialism.

This is a translation of part of John Maynard Keynes’ introduction to the 1936 German edition of his book:

The theory of aggregate production, which is the point of the following book, nevertheless can be much easier adapted to the conditions of a totalitarian state than the theory of production and distribution of a given production put forth under conditions of free competition and a large degree of laissez-faire. This is one of the reasons that justifies the fact that I call my theory a general theory.

Obviously, this should be checked for accuracy.

But I ask myself why none of the authorized biographies of Keynes mention the publication of this book nearly FOUR YEARS into the Third Reich?

I conclude that the deliberately evil claim that the long-term harmful consequences of Keynesian economics don’t matter because “in the long run, we’re all dead,” is no fluke.

Keynes was wrong about inflation and credit, both practically and ethically. I hope he was wrong about Hell too.

I enclose the original German text for interest.


Suze Orman MUST be wrong?

February 17, 2008

Suze Orman is not enforcing her intellectual property rights the Gestapo way by treating all her potential customers as criminals.

What does the author of The Courage to Be Rich and The 9 Steps to Financial Freedom (*) know about money? The clowns, who claim that a nine year old kid who downloads a pop song is “costing” the price of a retail CD to a recording company, might do well to ask that.

Let’s see. She gives away over a million copies of her new book Women & Money. That must be a loss of $14,970,000 in sales at the discounted Amazon price! Well, no it isn’t.

Despite being available for a period as a free download, Women & Money was ranked number six on Amazon’s bestseller list when NBC talked about. When I checked just now (18:36 GMT) the book was UP to number two on the Amazon ranking.

I recently vowed to never buy a music CD, DVD, or download until the industry stopped treating me like a perp and more like a customer. I think I shall buy a copy of the Women & Money. Now that really is $14.95 in sales. I hope it makes a good gift.

(*) I have both these books and have used the latter when looking at specific money issues. I shall be reading both this year and reviewing them in due course. First impression is very good.