Liberal icon John Maynard Keynes, insidious poison of Keynesian economics

Liberal icon John Maynard Keynes, insidious poison of Keynesian economics


Economic Suicide the Keynesian Way

By Jim O'Neill Tuesday, November 16, 2010

“By a continuous process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens…and while the process impoverishes many, it actually enriches some…. The process engages all of the hidden forces of economic law on the side of destruction, and does it in a manner that not one man in a million can diagnose.” —John Maynard Keynes (1883-1946) From “Economic Consequences of the Peace” 1920



“I have always harbored an exaggerated view of my self-importance. To put it bluntly, I fancied myself as some kind of god or an economic reformer like Keynes….”—George Soros from “The Alchemy of Finance” 1987







“I learned that free-market capitalism is the greatest source of revolutionary fervor that the world has ever seen. And I didn’t need conservatives to teach me that lesson. Karl Marx explained it, right in The Communist Manifesto. He described the bourgeoisie as the greatest revolutionary class the world has ever known, constantly trying to undermine and improve upon its advances of but a few years ago. He was right.”—Bruce Abramson (Link)



Now that we officially have our first DOTUS (Dude Of The United States), it is more important then ever that “we the people” understand the Progressive’s despicable politics, nihilistic philosophy, barren spirituality, and suicidal economics. (Link)



Because of the dire financial straits that America currently finds itself in, it is perhaps best to start with their flawed economics, and there is nowhere better to begin unraveling that mess, then with liberal icon John Maynard Keynes (pronounced “Canes”), and the insidious poison of Keynesian economics. (Link)



I am aware that many Americans suffer from “economic narcolepsy.” At the first mention of the word “economics,” sufferers of this pathology find that their eyes glaze over, their brain shuts down, and they enter a somnambulistic state.



Although this article centers around economics, Fear Not, for I will mention no numbers, and keep things as interesting as possible. Speaking of “interesting,” for my money the most interesting opening paragraph in an article about Keynes is in Zygmund Dobbs’ article “Sugar Keynes.” It starts out like so:



“Singing the Red Flag, the highborn sons of the British upper-class lay on the carpeted floor spinning out socialist schemes in homosexual intermission. Sometimes, one of the participants would shout out an obscenity—then, as if on signal, the entire group would join in a frenzied babble of profanity. Here and there individuals would smoke or chew hashish.” (Link)

Now that, by God, is an interesting opening. Even the worst case of economic narcolepsy ought to be able to stay awake through that. Dobbs continues:



“The year was 1904, and the participants were destined to become the intellectual and political leaders of the British Empire. Chief of this ring of homosexual revolutionaries was John Maynard Keynes, who eventually became the economic architect of English socialism…. The chief American Fabians, acting as carriers of the Keynesian sickness, were Felix Frankfurter and Walter Lippmann. Covertly, they mobilized their Leftist comrades to spread this pollution in America also.” (Link)



Dobbs goes on to describe Keynes’ homosexual relationships and fondness for young boys, which Keynes usually acquired in third-world countries where such services were more easily, and discretely, purchased than in more developed countries. (Link)



(As a much older man Keynes wrote of those halcyon days of his youth, “We repudiated all versions of original sin, of there being insane and irrational springs of wickedness in most men. We were not aware that civilization was a thin and precarious crust…and only maintained by rules and conventions. It did not occur to us to respect the extraordinary accomplishment of our predecessors in the ordering of life, or the elaborate framework that they had devised to protect this order. We completely misunderstood human nature, including our own”). (Link)



While “Sugar Keynes” is no doubt an eye-opening account of Keynes’ sexual proclivities, bed-mates, and Far Left soul mates, the book “Keynes at Harvard” by Dobbs is where to go if you want to understand how truly poisonous Keynesian economics is.



First published in 1969, “Keynes at Harvard” is claimed by some to have been written by one of Teddy Roosevelt’s sons, Archibald (Archie), using the pen name of “Zygmund Dobbs.” However, a woman claiming to be Mr. Dobbs’ daughter, Stephanie, states that her father Zygmund was indeed the author of the book (and article). (Link)



Regardless of who wrote it, the book is an enlightening analysis of the roots, and intent, of Keynesian economics. A look at some of the book’s chapter titles should suffice to give one an idea of the book’s general tone:



•Campus Socialism

•Fabian Socialism

•American Fabianism

•Fascism—Keynesism—Socialism

•The Social Consequences of Moral Depravity

[Allow me a brief sidebar here: Speaking of Harvard—Obama’s “Safe Schools Czar” Kevin Jennings graduated magna cum laude from Harvard, where he delivered the Harvard Oration at the 1985 Commencement. He is also apparently “thumbs up” toward NAMBLA (North American Man/boy Love Assoc.). Keynes, Kinsey, Jennings…anyone else see a pattern here? Harvard is no doubt a prestigious university; surely one of the most prestigious pro-Islamic, anti-Christian, anti-American, Globalist Indoctrination Centers—aka “universities”—in America. How many millions have you received from Saudi Arabia, Harvard? How about you, Yale? (Allah hu akbar,” Elis!) How about you…oh forget it, the list is far too long. Perhaps patriotic Americans should rethink where they send their children to be “educated.” For starters, I understand that St. John’s College [Annapolis/Sante Fe] has an excellent curriculum]



For an excellent, short report on the cockeyed insanity of Keynesian economics you might want to read “The Anti-Christian Economics of John Maynard Keynes” by Ken Ewert—an especially good read if you’re a Christian, of course.



Ewert says that “Keynes’ economics—like his religion and sexual perversion—are best understood as a reaction against the Christian worldview.” Ewert’s article explains how and why such is the case. He takes special aim at Keynes’ fondness for profligate spending, and “live for today” (and yourself) philosophy.



“Keynes proposed that governments spend and create credit. Government spending on anything—even digging holes in the ground—would do just fine since it mattered not what the consumption was for, but only that resources be consumed and not reserved for a future time.” (Link)



Keynes’ antipathy toward fiscal prudence was also noted by Dobbs, “The concept of eliminating savings is not an economic one but a political one. If there are no savings there is no private money for investment. Without private investors the government must provide investment capital. If the government provides for investment it has the power to dictate the conduct and processes of those who need investment capital…All this is demagogy and claptrap. It differs from the Marxist brand only in technical detail.” (Link)articleid=4931”>(Link)

The main reason, however, that socialists think that Keynesian economics is the best thing since sliced bread, is that it grows government. Keynesian economics and the massive growth of government bureaucracy go together like graft and Congress. And the Far Left, as well as their “mini-me” cousins, the liberals, just love big government—the bigger the better. (Link) (Link)



In spite of the blatant, harmful, and proven flaws of Keynesian economics, it has been passionately embraced by Obama’s various aides, czars, and Congressional cohorts: Goofy, Loopy, Snooty, Greedy, Grouchy, Clueless, Gollum, and the rest of his band of not-so-merry pranksters—some of whom no doubt took one too many hits of acid back in the day. (Link)



How do they get away with it? Among the reasons for the continuing popularity of Keynesian economics, despite its abysmal track record, is the cheering section in academia and politics, and Keynes’ own purposefully obscure and difficult prose. (Also, the fact that he was anti-Semitic doesn’t hurt his standing with the Fascist Far Left). (Link) (Link)



Ilana Mercer writes, “The classical economists—Adam Smith, David Ricardo—articulated timeless truths in clear prose. Keynes wrote impenetrable prose. Keynes’s “semantic obscurity” has been mistaken for profundity.” (Link)



Keyne used the Far Left’s trademark ploy of wrapping the most asinine pabulum in arcane, dense, and convoluted language, in order to give it the appearance of depth and weight—a misleading appearance, need I add. (Link)



“If you can’t dazzle them with your brilliance; baffle ‘em with bulls—t” is the liberal credo—and boy are they good at it. They’re so good at it that they have been ripping off “we the people” for years, with very few of us realizing it—until now. (Link)



Now that “we the people” are at long last waking up, we are discovering just how badly we’ve let ourselves be used, and we are none too happy about it. As Keynes himself points out in this article’s opening quote, “...while the process impoverishes many, it actually enriches some….” (Link)



“We the people” are the ones who have been impoverished, while the Global Elite, who have been “in on the game,” are the ones who have been enriched. (Link)



Perhaps it’s time to permanently put a stop to the Marxist/Fascist Fabian fantasies of Keynesian economics (what Mark Hendrickson calls “kamikaze economics”). I don’t know about you, but I’m way past being fed up with footing the bill for liberal fiscal foolishness. Well, “foolishness” is too tame a word actually—“insidious insanity” is a more apropos term.



While the Progressives claim to be, well, progressive, they are instead a reactionary force bent on (as Friedrich Hayek pointed out) returning humanity to a state of servile serfdom—serving the state. Their insane economic practices, whether intentionally or not, destroy capitalism, and regress, and devolve, humanity back to pre-capitalistic times. (Link)



Capitalism is still the most radical, revolutionary, freeing financial theory and practice that the world has ever seen. “We the people” must save it from the destructive effects of Keynesian policies, and other hare-brained liberal economic duds. The United States of America needs to put its fiscal house in order—now. (Link)



To paraphrase Cicero (and Goldwater), “Moderation in the defense of liberty is no virtue.”

Laus Deo.













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Jim O'Neill Bio

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Born in June of 1951 in Philadelphia, Pennsylvania, Jim O’Neill proudly served in the U.S. Navy from 1970-1974 in both UDT-21 (Underwater Demolition Team) and SEAL Team Two. A member of MENSA, he worked as a commercial diver in the waters off Scotland, India, and the United States. In 1998 while attending the University of South Florida as a journalism student, O’Neill won “First Place” in the “Carol Burnett/University of Hawaii AEJMC Research in Journalism Ethics Award.” The annual contest was set up by Carol Burnett with the money she won from successfully suing the National Enquirer for libel.



Jim can be reached at: Letters@canadafreepress.com