:p Just because he was completely bdaffy/b on some things. Actually Keynes made some good points in his time (most of which were since forgotten by Keynesians). Still, an inelastic money supply in a elastic population and even moreso an elastic economy would cause deflation, which is no good thing b..../b When a lender forecloses on a house, that shifts money on its balance sheet from a performing loan to "other real bestate/b owned" - which is a source of cost rather than income. ...
There is an ongoing undercurrent of this kind of gutter brawl attack speak infecting our daily discourse and that infection is just as prevalent in the work of the fourth estate (main stream media) as it is in the work of the fifth ...
