Authored by MN Gordon via EconomicPrism.com,

Clear economic thinking and lucid communication via the written word tumbled out of fashion nearly 100 years ago.  The fall from grace was triggered by the 1936 publication of John Maynard Keynes’ The General Theory of Employment, Interest and Money.

Not only is the book is rigorously indecipherable.  It also has the ill-effect of making those who read it dumber.  Unfortunately, Keynes’ drivel became the standard for foolish economic thinking, which still infects economic discourse to this day.

Many politicians and establishment economists remain enamored with Keynes’ gibberish.  They love what it offers.  In short, it provides academic rationale for governments to do what they love to do most – borrow money and spend it on ridiculous programs.

For example, Keynes advocated filling bottles with money and burying them in coalmines for people to dig up as a way to end unemployment.  According to Keynes, this would provide jobs

Keep reading this article on Zero Hedge - Blog.

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