http://www.dailyreckoning.com.au/free-money/2009/03/16/ An independent perspective on the Australian and global investment markets Sat, 21 Nov 2009 10:39:45 -0600 http://wordpress.org/?v=2.8 hourly 1 http://www.dailyreckoning.com.au/free-money/2009/03/16/comment-page-1/#comment-69755 Anthony Teamson Mon, 16 Mar 2009 18:14:21 +0000 http://www.dailyreckoning.com.au/?p=5398#comment-69755 I have read many comments on this board regarding Keynes. The clever ones have described him as the King’s modern day alchemist; an alchemist, who succeeded by claiming to turn paper into gold and citizens into bonded subjects. Keynes was actually a disciple of Marx who could not stand the stench of the proletariat. He improved his olfactory environment by changing Marx’s dictum: “From each according to his ability to each according to his need” to “From each according to their ability to pay taxes, to each according to their need for principal and interest”. Having successfully adapted Marx to the needs of the English aristocracy he was able to “hang” with a better bathed class of needy. The neo-Keynesians can be understood via Frank Herbert’s Dune. Our Emperor, instead of incanting “The spice must flow”, incants “the credit must flow.” I have read many comments on this board regarding Keynes. The clever ones have described him as the King’s modern day alchemist; an alchemist, who succeeded by claiming to turn paper into gold and citizens into bonded subjects. Keynes was actually a disciple of Marx who could not stand the stench of the proletariat. He improved his olfactory environment by changing Marx’s dictum: “From each according to his ability to each according to his need” to “From each according to their ability to pay taxes, to each according to their need for principal and interest”. Having successfully adapted Marx to the needs of the English aristocracy he was able to “hang” with a better bathed class of needy.
The neo-Keynesians can be understood via Frank Herbert’s Dune. Our Emperor, instead of incanting “The spice must flow”, incants “the credit must flow.”

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