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Thought this as fascinating insight on every leftists favourite economist and anti-Christian, John Maynard Keynes;

“It has been nearly sixty years since the Keynesian revolution. The effects of the “short- run” and “childless” philosophy of Mr. Keynes are clear: nearly all western governments have followed the Keynesian prescription of spending and consumption, and have run large annual budget deficits for decades. In Canada, the federal debt is now approaching a staggering 550 billion dollars, and the country is joining the ranks of Third World nations in terms of its level of public debt (we are just behind Burundi and just ahead of Morocco). Interest payments on the Canadian federal debt are now the largest single government expenditure.

Our public debt represents our lust to consume today without thought for tomorrow. We have, in large measure, spent our children’s inheritance (as my least favourite bumper sticker reads). We have, to put it very bluntly, practiced homosexual economics, but we have not, as Mr. Keynes expected, spent ourselves into prosperity.

The long-run is now here. And while Proverbs 13:22 says “A good man leaves an inheritance to his children’s children,” the tremendous public debt and, perhaps more importantly, the short-run debtor mentality that we are passing onto our children is a sad inheritance indeed. If there is to be a future we must return to Wisdom. “Know that wisdom is thus for your soul; If you find it, then there will be a future, And your hope will not be cut off” (Prov 24:14).”

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15 thoughts on “IN THE LONG RUN….

  1. Fundamental Christian blog links Keynesianism to “homosexual economics”.

    Hardly a ” fascinating insight” into John Keynes.

    Keynes wealthy patron of the arts who married ballerina Lydia Lopokova in 1925. They remained married until his death.

    Marriage and fidelity until death? Very anti – Christian.

    1. Is that the same Keynes who….”lists his sexual partners, either by their initials (GLS for Lytton Strachey, DG for Duncan Grant) or their nicknames (“Tressider,” for J. T. Sheppard, the King’s College Provost). When he apparently had a quick, anonymous hook-up, he listed that sex partner generically: “16-year-old under Etna” and “Lift boy of Vauxhall” in 1911, for instance, and “Jew boy,” in 1912.” Yes, as hetero as they come, right Paul?
      http://moreintelligentlife.com/story/the-sex-diaries-of-john-maynard-keynes?page=1
      That said, I personally couldn’t care less if he slept with dolphins. The point is that his economic system is deeply and utterly flawed!

  2. That said, I personally couldn’t care less if he slept with dolphins.

    So why link to a church site that makes the quite remarkable claim that he “practiced homosexual economics”, whatever that might be?

  3. David – It seems important to you that Keynes was a homosexual and not a lover of dolpins since you found this rather obscure wacky article (Kings Community Church of British Columbia?) and then an article which you cite to Paul in which the author is looking for code words for, in the author’s phrase, “cock-sucking”.

    I’m not really sure what the point is that is trying to be made.

  4. The linked article makes a good point against Keynesian economics.

    What a shame that it felt obliged to make a blatantly homophopbic comment as well. What the **** does Keynes’ sexuality have to do with his economics? Does anyone ever claim that Marx (or Von Mises) practised “heterosexual economics”?

  5. We have, to put it very bluntly, practiced homosexual economics, but we have not, as Mr. Keynes expected, spent ourselves into prosperity.

    Interesting, yes.

    Instant gratification with no thought or provision for the future. To the headscratchers, think children.

  6. A much more credibel attack on Paul Krugman Keynes was posted today on the Mises Institute. Unaccountably, this omits any mention of Keynes’ sexuality:

    “According to Keynesian economists, the only thing that got us out of the Great Depression was World War II. Mind you, this admits that, in spite of FDR and the New Deal, the country remained mired in depressed conditions for 12 years, from 1929 to 1941. But, then, kicking somebody under the bus is what Keynesians have to do because of the incessant failures of their policies. Then came the blessed war, with all its make-work projects, like producing tanks and warships and warplanes, that thankfully destroyed and were destroyed by enemy tanks and warships and warplanes. And, there were plenty of jobs for everybody, from serving in the US armed forces to working in munitions factories.

    One tiny, little problem with this prosperity is that there was nothing to buy with the money you earned and, besides, money wasn’t the problem: you needed ration coupons.”

    Link here

  7. Phantom –

    It’s an odd way of putting it, or odd only if you don’t look through the author’s eyes, but that’s how I read it. There is no “homosexual economics” and it would be a mistake to think he is literally talking of such a thing.

    Peter –

    And further:

    “From 1945 to 1948, federal spending was cut, year to year, by 40 percent, 38 percent, and 14 percent, my source tells me. The way I figure it, this amounts to a total reduction of 102 percent. An amazing thing, mathematics. As a percentage of GDP, federal spending was reduced from 42 to 9 percent.”

    With apologies to to the deranged, a large chunk of the country would go mental if a government announced such planned cuts, yet it was these very cuts to government which allowed the US to enter into a great period of prosperity for the next two decades.

  8. Peter –

    I don’t think anyone is attacking Keynes that way. It seems to me the author is using homosexuality as an allegory, that procreation (and therefore the future) isn’t the point, that gratification in the present is the point.

  9. Pete

    We will have to agree to differ. The post was from a Christie-Fundie church, so go figure.

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