[WaysletlyLene]

I came across this gem from the one and only John Maynard Keynes himself, on how to end unemployment.

http://econ161.berkeley.edu/economists/keynes.html

If the Treasury were to fill old bottles with bank notes, bury them at suitable depths in disused coal mines which are then filled up with town rubbish, and leave them to private enterprise on the well-tried principles of laissez faire to dig them up again… there need be no more unemployment and, with the help of the repercussions, the real income of the community and its capital wealth also would probably become a great deal greater than it actually is…

This is so ridiculous as to be laughable! Yeah, let's not worry about producing anything of value like food, clothing, equipment, etc. - all we have to do is bury paper money underground and everyone will work digging and burying and before you know it we'll all be prosperous and wealthy!

[QzVyZbTg]

While it is laughable it's also pretty damn sad. This is the guy who's economic model our fiat system is based on. No wonder we're so screwed.

[Attarderb]

That Keynes fella was queer in more ways than one.


In a way, it's just a beautiful system.


Like a Dr Seuss book.

[massons]

What do you expect from Berkeley? The monument to stupidity of American education.

You can't graduate from here with honors without believing LIES!

Here's an example with Hovind (at Berkeley) who was imprisioned for telling people the truth (below)

[TravelMan]

Originally Posted by John Maynard Keynes
If the Treasury were to fill old bottles with bank notes, bury them at suitable depths in disused coal mines which are then filled up with town rubbish, and leave them to private enterprise on the well-tried principles of laissez faire to dig them up again… Trash Fracking for Bottle Notes would be the way it would be done today. Saves money only hiring a few workers (geology be dammed) and one can keep collecting taxes for all the garbage used to over stuff the mines.

[mnhloot]

I came across this gem from the one and only John Maynard Keynes himself, on how to end unemployment.

http://econ161.berkeley.edu/economists/keynes.html



This is so ridiculous as to be laughable! Yeah, let's not worry about producing anything of value like food, clothing, equipment, etc. - all we have to do is bury paper money underground and everyone will work digging and burying and before you know it we'll all be prosperous and wealthy!

How does such a twisted moron become revered as an economic theorist? And when you try to show these Keynesian's the error of their ways, they simply become indignant and hostile, even in the face of the entire fiat tower of money babel crumbling all around us. It is truly pathetic. These bastards deserve to be execuated for all the pain, suffering and death (i.e. financial suicides) they have caused with their central banking fucked up experimentation on other people's lives.