In the everything old is new again theme, a few links, based on that theme and recent newsish events that lack any clarity or significant value.
Economics Historian Gavin Kennedy paper on the history of the meaning of Adam Smith's omniscient Invisible Hand in context.
The Chicago Plan for banking reform in the aftermath of the Great Depression.
Commodity Futures Modernization Act of 2000 the final piece of legislation that cloaked any hope financial markets transparency.
Talk by Paul Krugman called Keynes and the Moderns due to the quantity and quality of titles recently available to me that are by or about Keynes I have become enamoured by him. The parallels between then, the early 30's, and now are incrediblethe only thing missing are a few good men like Keynes, FDR, Pecora and others who were less enamoured with maintaining the primitive orthodoxy that has now as then failed us. As Keynes had said then, "Half of the copybook wisdomof our statesmen is based upon assumptions that wer at one time true, or partly true, but arenow less and less true by the day. We have to invent new wisdom for a new age." So it is true today.
Fareed Zakaria in this Time Magazine column and with his programs GPS has become one of my favourite reporters and commentators. Stating that the principle change in Republican leadership then, when I could identify with it, and now is their general progression away from what was generally understood to be realistic or "True" to continually espousing broken washed up policies that have been proven ineffective.
Economics Historian Gavin Kennedy paper on the history of the meaning of Adam Smith's omniscient Invisible Hand in context.
The Chicago Plan for banking reform in the aftermath of the Great Depression.
Commodity Futures Modernization Act of 2000 the final piece of legislation that cloaked any hope financial markets transparency.
Talk by Paul Krugman called Keynes and the Moderns due to the quantity and quality of titles recently available to me that are by or about Keynes I have become enamoured by him. The parallels between then, the early 30's, and now are incrediblethe only thing missing are a few good men like Keynes, FDR, Pecora and others who were less enamoured with maintaining the primitive orthodoxy that has now as then failed us. As Keynes had said then, "Half of the copybook wisdomof our statesmen is based upon assumptions that wer at one time true, or partly true, but arenow less and less true by the day. We have to invent new wisdom for a new age." So it is true today.
Fareed Zakaria in this Time Magazine column and with his programs GPS has become one of my favourite reporters and commentators. Stating that the principle change in Republican leadership then, when I could identify with it, and now is their general progression away from what was generally understood to be realistic or "True" to continually espousing broken washed up policies that have been proven ineffective.
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