Keynes was wrong | 57 comments (57 topical, editorial, 0 hidden)

Re: Keynes was wrong (none / 0)

Are you serious? This is the guy who knows absolutely nothing about the economics of credit, despite writing a book which was actually even named "Credit"!

To boot, he was arguably the guy who willingly and knowingly destroyed the "Occupy Wall Street" movement, relegating it to eternal obscurity instead of forming the basis for a populist revolt against economic inequality.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Wed Jun 4th, 2014 at 01:46:58 PM EST
[ Parent ]

Re: Keynes was wrong (none / 0)

Also, please enjoy this article, where Graeber manages to completely misunderstand the banking system, despite the article being about a "banking for dummies" release from the Bank of England...

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Wed Jun 4th, 2014 at 01:50:06 PM EST
[ Parent ]

Re: Keynes was wrong (none / 1)

That reads like bog standard endogenous money Post - Keynesianism if you take out the details and try to make a point.
And I remember Occupy being destroyed by synchronised DHS raids. I doubt Graeber ran those.

by generic on Wed Jun 4th, 2014 at 03:20:48 PM EST
[ Parent ]

Re: Keynes was wrong (none / 0)

Um, specifics, please?

As far as I can tell, his understanding is perfectly sound.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Jun 4th, 2014 at 06:36:12 PM EST
[ Parent ]

Re: Keynes was wrong (none / 0)

Everything Graeber wrote is consistent with what I learned in Perry Mehrling's Money and Banking course.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Jun 4th, 2014 at 10:24:53 PM EST
[ Parent ]

Keynes was wrong | 57 comments (57 topical, 0 editorial, 0 hidden)

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