From 1 Samuel 8, Mo Ti to economics today, the powers that be always choose, purposely, bad policies.
And, the people offering the bad policies usually know good policies, but in time craft what policies the hegemon will approve. For example, before Keynes wrote todays reigning economic policy regime (which he recommended expressly to Adolf Hitler who implemented it), Keynes knew better:
What to do with such a rotten system? Jesus said:
So you must obey them and do everything they tell you. But do not do what they do, for they do not practice what they preach.
Feel free to forward this by email to three of your friends.
And, the people offering the bad policies usually know good policies, but in time craft what policies the hegemon will approve. For example, before Keynes wrote todays reigning economic policy regime (which he recommended expressly to Adolf Hitler who implemented it), Keynes knew better:
Thus, monetary debasement and the price inflation that normally accompanies it have served as a method for imposing a “hidden taxation” on the wealth of the citizenry. As John Maynard Keynes insightfully observed in 1919 (before he became a “Keynesian”!):Alan Greenspan, the third worst inflationist (Bernanke second, Yellen will be the greatest) was a gold standard devotee before he joined the dark side.
“By a continuous process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method, they not only confiscate, but they confiscate arbitrarily; 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.”
What to do with such a rotten system? Jesus said:
So you must obey them and do everything they tell you. But do not do what they do, for they do not practice what they preach.
Feel free to forward this by email to three of your friends.
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