Monday, October 18, 2010

Soros Front Group Launching Keynesian Propaganda Research

The Institute for New Economic Thinking, which was launched with funding of $50 million by George Soros, has announced its first series of research grants. Among the recipients:

Steven Fazzari of Washington University was awarded a grant by Institute for New Economic Thinking for a project to elaborate an original model of Keynesian demand-led growth and to better communicate Keynesian macroeconomic insights to a broad and diverse audience.

According to the Institute:
Current discourse about macroeconomics in the press and among policymakers suffers from a poor understanding of more nuanced Keynesian theory and the evidence that supports it. To address this gap, the project will include the development of a new, internet-based resource designed as a reference for non-specialists who want to improve their understanding of Keynesian principles.

15 comments:

  1. I demand, therefore I grow rich.

    ReplyDelete
  2. Fiat money makes the cronies go round.

    ReplyDelete
  3. looks like soros and his billionaire goonies need to up the ante as people learn more about austrian economics and about the vile lies and destruction laid upon us by keynes and his loyal followers...

    ReplyDelete
  4. I'm curious as to what this "evidence" is.

    ReplyDelete
  5. Good question. I think the evidence that supports it must be locked away in a vault somewhere, waiting to be discoverd. Perhaps some of the $50 million will be paid out to Geraldo Riveria, who can host a network special on its grand opening.

    ReplyDelete
  6. Soros is truly a despicable creature.
    He is buying gold and commodities; clearly, he understand the fallacies of fiat economies and the trade cycle theory. But he is willing to spread around a disease, macroeconomy, that will allow him and his goons to keep on profiting from the masses miscalculations. The man is EVIL!

    ReplyDelete
  7. In essence, the plan is: "If you would all just think the way we think, then our doing what we're doing would work." Right. That some sound thinking come from these Keynesians. Didn't someone once define "stupid" as doing the same exact thing over and over again while expecting different results?

    ReplyDelete
  8. I believe that Keynes, like many philosophers, published a theory that seemed to work in his own mind with the expectation that some people would disagree and some would agree. Unfortunately for mankind, governments adopted the theory as a playbook for controlling an economy. This is much like building a government on Das Kapital or a society on Mein Kampf. Sadly, Austrian economics, while closely describing the behavior of an economy, does not offer governments a way to benefit from economic control. Imagine firefighters trying to put out a fire using the phlogiston theory because it is the government's approved theory, while treating the combustion triangle and chemical oxidation as crackpot ideas. This is how to perceive the insane Keynesian theory.

    ReplyDelete
  9. Long live Eternal God George Soros and President Obummah, his prophet!
    Long live the Federal Reserve and fiat monetary system!
    Long live fractional reserve banking!
    Amen

    ReplyDelete
  10. Ho, Soros. Mi scias, ke vi komprenas. Mi forlasis E-on same kiel vi, sed eble pro plene malsamaj kialoj. Bv. forlasu Keynes-on kaj prenu Mises-on!

    ReplyDelete
  11. These statists are unbelievable. When will the masses wake up and realize that if people like Soros' lips are moving, they are lying?

    ReplyDelete
  12. I am reminded of Lysander Spooner's comment in his essay "Against Woman Suffrage." He wrote, "...all the laws, so called, that men have ever made, either to create, define, or control the rights of individuals, were intrinsically just as absurd and ridiculous as would be laws to create, define, or control mathematics, or chemistry, or geology." Austrian economics is common sense; it describes the natural order, whereas Keynesian economics tries to pretend that it can finesse it's way around nature, defeating reality. Good luck with that.

    ReplyDelete
  13. "I believe that Keynes, like many philosophers, published a theory that seemed to work in his own mind with the expectation that some people would disagree and some would agree. Unfortunately for mankind, governments adopted the theory as a playbook for controlling an economy."

    Actually, you are putting the cart before the horse. The horse in this case being central banking (Bank of England, Federal Reserve, fiat currency), and the cart being Keynes' General Theory. Of course the schemers behind central banking would love for you to believe that "they did it all for Keynes, because he was such a brilliant man and made so much logical sense". In this manner you are pulled into an intellectual debate about economics and distracted from calling out the outright criminality taking place. Worst case scenario you blame "that horrible idiot" Keynes for all these problems.

    The truth is Keynes' General Theory is just the figleaf for the outright fraud taking place. The General Theory is the petty rationalization that came after the crime already started taking place, arguably centuries before.

    When authoritarians (be they socialists, communists, neo-liberal moronic scum, etc.) speak fondly of Macro-economics and proudly proclaim their intellectual superiority to the world, they are doing so out of a desire to protect their magical fairyland wishful thinking utopian bullshit. There is no intellectual debate here, only a question of our tolerance for violence, coercion, and outright criminality. Keynes, as foolish as he may have been, was simply the side-show freak that got trotted out to cover for the chaotic insanity taking place center stage. Let the primary blame fall squarely on the shoulders of those who attempt to hold him in such high esteem, rather than the man himself.

    ReplyDelete
  14. Can I get a grant for this...?

    Understand Ponzi pyramid? Give Ponzi a semi-secret money-press, and you have Keynesianism.

    ReplyDelete
  15. Curtains inadvertently shaking a bit, I suggest more than the sun, and wind.

    ReplyDelete