Maybe Keynes hasn’t been translated yet

Daniel Akst | June 8, 2010

The Germans too are embarking on a fiscal austerity program, and consumers aren’t spending there either.


2 Responses to “Maybe Keynes hasn’t been translated yet”

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  1. Comment by Greg Ransom — June 8, 2010 at 11:23 am   Reply

    Not only translated, but in the German edition Keynes famously advocates a Hitler type government as the best system for implementing his economic vision.

  2. Comment by Curt DoolittleJune 15, 2010 at 12:35 pm   Reply

    Or, perhaps, as Germans, they see the trap in anglo logic, and the hayekian failure in Keynes.

    There is a reason why germany has become wealthier than britan, despite it’s repeated defeats.

    There are many forms of capital. Human capital is the most important of them. And white technical knowledge is weighty, and general knowledge is helpful, institutionalized behavior in the form of forgone opportunity, or what we call endurance or discipline, is perhaps the most important. Because it is that single form of institutional capital in a society that makes all other forms of capital possible.

    In any race of distance, the tortoise beats the hare. Always.

    Germany is Sparta. Egland is Athens. The USA is Rome.

    A civilization surveys because of sparta, prospers because of athens, and expands because of rome. Monetary policy is an entertainment vehicle for bureaucrats opting for temporal efficiencies rather than long term capital accumulation.

    Be careful that you do not criticize what you fail to understand.

    The germans are adopting the correct posture for long term human capital appreciation.

    Furthermore, they will align increasingly with russia, rather than france and england.

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