John Maynard Keynes hailed “the successful management of the dollar by the Federal Reserve Board from 1923 to 1928” as a “triumph” for currency management.Does it get any worse than that?! And they actually listened to this guy after the Depression hit? And they still teach him in the classroom today? Unbelievable! Oh, that's right, I forgot. We're all a bunch of brainwashed Keynesians. We reflexively recognize that what he says is true.
Thursday, December 4, 2008
Another Great One...
Again, from America's Great Depression: