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Title: The Wisdom and silliness of Mudboy Slim..! Stupidity too!
Source:
war
URL Source: [None]
Published: Jan 13, 2010
Author: war
Post Date: 2010-01-13 07:47:43 by war
Keywords: None
Views: 1523173
Comments: 3288
Bet this gets more bumps than his vanity threads. (Editors Note) This thread was formerly called Mudbutt sucks the big one thread. I changed the title. Now you can debate if it is wisdom or unwisdom.
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In the Spring of 2005, I got sick of the ModSquad's erratic ZOT-procedures and OPUS'd, BANNED myself fer 3 weeks, and the ModSquad decided to make it permanent (and I mean PERMANENT...LOL!)
"Devolve Power Outta the Federal Leviathan and Back to the States,
Localities, and Individuals as Prescribed in the US Constitution."
#612. To: Skip Intro (#609)
"You seem like the perfect FReeper to me."
I AM the perfect freeper, I'm just not allowed to FReep at TOS...MUD
"Devolve Power Outta the Federal Leviathan and Back to the States,
Localities, and Individuals as Prescribed in the US Constitution."
#613. To: Mudboy Slim (#607)
Livin the dream despite this administration and congress's best efforts... (laughing)
my anti groupie can't get through life without me.
#614. To: Badeye (#613)
"Livin the dream..."
Yep, GoodFerYou!! Limbaugh's often said, "The next time there's a recession, choose not to participate." And I can honestly say, I've been busier--doing good, solid pay work--this last year than any time in my career. And this year's shaping up to be even better financially...you just gotta hustle, but the pent-up demand fer services is out there...you just gotta find it.
Regards...MUD
"Devolve Power Outta the Federal Leviathan and Back to the States,
Localities, and Individuals as Prescribed in the US Constitution."
#615. To: Mudboy Slim (#614)
but the pent-up demand fer services is out there...you just gotta find it.
Great catch, Nudge!!!!
Day 12 of Packrat refusing to register here. Day 10 Of Boofer The One Eyed Wonder Bot refusing to answer: When is Blackwell going to have the recount? Jan 30, 2006 ... by saveliberty (Proud to be Head Snowflake, Bushbot...
#616. To: Mudboy Slim (#614)
We adapted here, but it was a near thing for a while. Friend is asking me to come down to Costa Rico for a while, he's got some security related businesses he wants a hand with. Thinking about it, I hear nothing but good things about CR.
my anti groupie can't get through life without me.
#617. To: Mudboy Slim (#606)
Count me in, Skippy...I would LOVE to have my FReeper posting privileges restored.
You just have to grovel better. Rimmy took that long time DU troll Bob J back after he admitted participating in Bad Thought©.
Surely he'll take you back, too, especially if you kick in some bucks. Since you're doing so well, that should be no problem for you.
BTW, how is it you guys are doing so well under the Draconian Obama regime? I just did my taxes and saw that my IRA is up 50% from last year.
Well, I guess it's just us lucky ones. Everybody else is being hauled off to re-education camps, I hear.
#618. To: Badeye (#616)
You should go!!!
...and on a one way ticket.
Day 12 of Packrat refusing to register here. Day 10 Of Boofer The One Eyed Wonder Bot refusing to answer: When is Blackwell going to have the recount? Jan 30, 2006 ... by saveliberty (Proud to be Head Snowflake, Bushbot...
#619. To: Skip Intro (#617)
Rimmy took that long time DU troll Bob J back after he admitted participating in Bad Thought©.
For real?
#620. To: war (#618)
He should at least learn how to spell it before he goes there.
#621. To: Fred Mertz (#620) (Edited)
I picked that up but put it back down and couldn't remember where...
All Hail The Mighty Boof...
Day 12 of Packrat refusing to register here. Day 10 Of Boofer The One Eyed Wonder Bot refusing to answer: When is Blackwell going to have the recount? Jan 30, 2006 ... by saveliberty (Proud to be Head Snowflake, Bushbot...
#622. To: Fred Mertz (#619)
Rimmy took that long time DU troll Bob J back after he admitted participating in Bad Thought©.For real?
Which part?
Did Rimmy ban Bob J for being a troll? Yes (he criticized Palin).
Did Rimmy let Bob J back into the cult? Yes.
Did Bob J mend his evil ways? You'll have to check his current posts to determine that. I believe that he did.
#623. To: Skip Intro (#622)
Did Rimmy let Bob J back into the cult? Yes.
That one was what I what I wanted to know. Thanks.
#624. To: Badeye (#616)
Costa Rica should be LOVELY this time of year...MUD
"Devolve Power Outta the Federal Leviathan and Back to the States,
Localities, and Individuals as Prescribed in the US Constitution."
#625. To: Skip Intro, A K A Stone, war, Fred Mertz, TLBSHOW, continental op, Badeye, Coral Snake, sneakypete, padlock (#617)
I reckon I'm just not a very effective groveller...
Heh heh heh...were ya talkin' about "Black XXXI", "Black XXXII", or "Black XXXIII"?!
Regards...MUD
"Devolve Power Outta the Federal Leviathan and Back to the States,
Localities, and Individuals as Prescribed in the US Constitution."
#626. To: Skip Intro, A K A Stone, Murron, mel, Biff Tannen, Dickus Lickus, palo verde (#617)
"The Liberal Lie!!"
(To be sung to Don McLean's "American Pie")
A long, long time ago, Bill could still remember...
How his Sweet Sax used to make them smile,
And he knew if he had his chance,
That he could make those suckers dance,
And maybe he could fool 'em for awhile.
But Whitewater's a nasty river,
Those sordid scandals made the Left shiver.
With John Huang his Lead Sales Rep,
Dem Chinese funds Bill'd collect.
I can't remember if I cried,
When I learned the extent Slick Willie'd lied,
But something touched me deep inside, the day Clintonism died.
So, Bye-bye to the DemonRAT's Lie,
Drove our country to bankruptcy, but our wallets ran dry.
Teddy and his boys were drinkin' whiskey and rye,
Singin' "This'll be the day that I die! This will be the day that I die!"
Are you one of "The Ignorant"?!
And do you have faith in government, 'cuz Bill Clinton tells you so?
And do you believe Gore didn't know?
Will God forgive Janet Reno...for the twenty-seven dead kids at Waco?
Well, I know that you're in love with Slick,
But his Administration makes me sick!!
Your votes allowed this ruse, ma-a-an, you gotta be feelin' used!!
Bill's just a middle-aged, cocksure schmuck,
Lookin' for redemption and some whores who suck,
But he knew he was outta luck the day his intern LIED!
I started singin'...
"Bye-bye to the Liberal Lie, drove our culture to the gutter,
But Left's "One-World" was Vile!"
And DemLeftWingFools were kneelin'..."Slick's still our guy."
Singin' "This'll be the day that I die! This will be the day that I die!"
Now for ten years, we've dealt with his sleaze,
While Bill's grown phat on funds Chinese,
But that's not "The Way Things Ought To Be"!
Then, Mudboy sang 'gainst the King and Queen,
With a strength derived from livin' free,
In a voice crying out for Liberty!
And while RAT'sKing was feelin' down, good Briefers run him outta town.
The Left Wing was concerned, Left's Icon had been spurned.
And while Hell'ry read her book on Marx,
Vince Foster's corpse ditched in the Park,
Still we smoked ceegars on a lark, the day the Networks lied!
Mudboy's singin'...
"Bye-bye to the Socialist Lie,
Drove the needy to addiction while they smoked to get high!"
And them UnionThugs were drinkin' whiskey and rye,
Singin' "This'll be the day that we die!
This will be the day that Slick fries!!!"
Senate hearings in a Summer swelter,
John Glenn provided Clinton's fall-out shelter,
He once flew high, now he's fallin' fast.
LeftistWhore'd can kiss my ass! While DemonRATS cry, "Just give Bill a pass",
Since Ol' Slicks' just gettin' hummers from some "Lass"!
Next, the LeftWing arrogance resumed,
While Fleetwood Mac played a vacuous tune.
The Left got up to dance! Oh, but Right never gave'em a chance!
'Cuz as the Lib'ral's tried to take the field,
John Ashcroft's staff refused to yield!
Do you recall how freedom feels? Today Fascism died!
We kept on singin'...
"Bye-bye to the Clinton-Gore spies,
Drove their cronies to be Felons, but we know who ain't Right!"
Network Media twits, they just continued to lie,
Singin' "This'll be the day that we die!
This will be the day that we die!"
Oh, it's Reality the Left cannot face,
Spoiled generation lost in space,
With no time left to start again!
So, come on! Bush, be nimble, Dick, be quick!
DemonRATS, ya gotta dump this prick,
'Cuz next election's only just around the bend.
For as I watched Bill up on that stage,
My hands were clenched in fists of rage,
Took this Redneck Mad as Hell to break Bill Clinton's spell!
And as Mankind flew high and to the Right,
To fight the libertarian fight,
I saw Reagan laughin' with delight, the day Marxism died!
Ol' Ronnie's singin'...
"Bye-bye to the Liberal's Lies,
Drove our country to the Devil, but Slick Willie, HE LIED!!"
And BillzaBubba's drinkin' whiskey and rye,
Singin' "This'll be the day I RESIGN! Gosh, I sure wish I'd have just RESIGNED!!"
It seems the Media's a bit confused,
So I urge you, ignore the Network News,
That's why their marks are down to stay.
As citizens, we deserve more than lies obstructin' crimes galore!
But Rush Limbaugh knew, "The Truth will win the day!"
And in the streets, the children gleemed,
The lovers sighed and the poets dreamed...
'Cuz Liberalism's chokin', the Far Left's hold's been broken.
And the three men I admire most, the Father, Son, and the Holy Ghost,
They raised their glasses for a toast, the day Clintonism died.
And they were singin'...
"Bye-bye to the Liberal's Lies,
Drove our Country to the Devil, but Bill Clinton, HE LIED!"
And Liberals're drinkin Kool-Aid and Lye,
Singin' "History'll say that Slick LIED! History'll know that Slick SPIED!"
Don was singin'...
"Bye-bye, Miss American Pie,
Drove my Chevy to the levee but the levee was dry."
And them good ol' boys were drinkin' whiskey and rye,
Singin', "This'll be the day the Left dies!
This'll be the day Justice's THINE!!!"
Mudboy Slim (08/23/1999)
"Devolve Power Outta the Federal Leviathan and Back to the States,
Localities, and Individuals as Prescribed in the US Constitution."
#627. To: Mudboy Slim (#626) (Edited)
You really do need to get over yourself. No one reads this crap. And you're an asshole.
Day 13 of Packrat refusing to register here. Day 11 Of Boofer The One Eyed Wonder Bot refusing to answer: When is Blackwell going to have the recount? Jan 30, 2006 ... by saveliberty (Proud to be Head Snowflake, Bushbot...
#628. To: Mudboy Slim (#626)
No one reads this crap. And you're an asshole.
Yeah!
#629. To: war (#627)
I was glancing at the horse racing news this morning and saw that War Echo (9th Race) and Win Willy (7th Race) are both racing today at Oaklawn Park.
#630. To: Fred Mertz (#629)
Odds? I'm about to hop on the bike for a bit and then go for a run...son has game up in CT and we are leaving @ 230...
Day 13 of Packrat refusing to register here. Day 11 Of Boofer The One Eyed Wonder Bot refusing to answer: When is Blackwell going to have the recount? Jan 30, 2006 ... by saveliberty (Proud to be Head Snowflake, Bushbot...
#631. To: war (#630)
Morning Line Odds:
Win Willy 7/2
War Echo 3/1
Both have a good shot at winning IMO.
www.equibase.com/static/entry/OP030610USA-EQB.html
I'm going to watch my Louisville Cards at 2 vs Syracuse...big last regular season game for both teams.
#632. To: war (#630)
My horror-scope gives me 5 stars today so at least one of them will win.
$20 might get you $80 or $90...I'll check back in later tonight, hopefully without egg on my face.
#633. To: Skip Intro (#617)
"Surely he'll take you back, too, especially if you kick in some bucks."
I don't think so, Dr. Skippy...plus, I've only got so many bucks I wanna give JimRob...seriously, I apparently pissed off the wrong folks over there in the ModSquad, and the mystery man from Texas laid down the law..."There will be no more MUD on MY FreeRepublic.com!!"
So I've been slummin' with y'all ever since...MUD
"Devolve Power Outta the Federal Leviathan and Back to the States,
Localities, and Individuals as Prescribed in the US Constitution."
#634. To: JimRob, BobJ, John Robinson, Howlin, nopardons, TLBSHOW, BadJoe, AuntB, sneakypete, Teh Leadpenny, Angelwood, krisTinn, Bufordp (#633)
BTTT...MUD
"Devolve Power Outta the Federal Leviathan and Back to the States,
Localities, and Individuals as Prescribed in the US Constitution."
#635. To: Fred Mertz (#632)
Ha...I'm "running" late - excuse the pun - gotta bolt to CT and not going to have a chance to hit OTB...
Good luck...
Day 13 of Packrat refusing to register here. Day 11 Of Boofer The One Eyed Wonder Bot refusing to answer: When is Blackwell going to have the recount? Jan 30, 2006 ... by saveliberty (Proud to be Head Snowflake, Bushbot...
#636. To: Skip Intro (#617)
Yer IRA went up 50% last year?! My assets sure didn't...
"Patriot Mudboy's RightWing Tune!!"
(To be sung to Arlo Guthrie's "Gabriel's Mother's Highway Ballad #16!!")
Folks, heed my warning, Guv'ment Debt HURTS this Land...
Come on, children, come on...
Algore was bawlin', "Yer killin' my Plan!!"
Come on, children, come on...
Mudboy knows...Truth must be told!!
Come on, Limbaugh, come on...
Dem RAT-FREAKS keep spendin'...Right must be BOLD!!
Come on, Glenn Beck, come on...
Come on, Patriots, let's be BOLD!!
Freedom's gonna make US well!!
WeThePeople, RAT-Elites MUST GO!!
Vote Dem Statists straight to HELL!!
(BigMan pickin' it purty...)
Well, my kids grow'd up...folks, it don't take long...
Come on, Jessie, come on...
Family life is swell...let dad sing his songs!!
Come on, Jakey, play drums...
Come on, RightWing, welcome home!!
Briefers gonna treat you swell!!
WeThePeople, righteous Right must VOTE!!
Waco's where KIDZ blood was spil't!!
Come on, Patriots, let MUD sing...
WHUP Dem Lib'rals, it's FUN!!
All Americans gotta fancy FREE!!
Come on, Clinton, yer done!!
ALL TeaParties oughtta sing 'gainst Power!!
Come on, FReepers, come on...
Left's got nobody 'round, MUD done whupped RATS' butts!!
Come on, Briefers, come on...
One of these days, 'fore Lincoln's Stair...
Come on, Martin, come on...
Syntaurs gonna sing...watch DemRATS dispair!!
Abe be likin' MUD's songs!!
Heed the FoundingFathers...Power's best dispursed!!
Run on, Marxists, run on...
Can't make a Heaven while on this Earth!!
Run on, Statists, run on...
Come on, pod'nahs, let's be BOLD!!
Freedom's gonna make US well!!
WeThePeople, Socialism's OLDE!!
Tell RINOs to go to HELL!!
Mudboy's gonna treat you well!!
RATS know Kenyan Barry's leading US to HELL!!
Freedom's gonna make US well!!
Mmmm..MUD's gonna ring that bell!!
Mudboy Slim (3 March 2010)
"Devolve Power Outta the Federal Leviathan and Back to the States,
Localities, and Individuals as Prescribed in the US Constitution."
#637. To: war (#636)
"WAR!!"
(To be sung to Springsteen's live version of Strong/Whitfield's "War")
War!! What is it good for?!
Nuthin'?! Liberty AIN'T nuthin'!!
War!! What is it good for?!
Sometimes...War defends our Freedoms!!
War is something the Right despises...
'Cuz it means the loss of soldiers' lives!!
War means fear's in thousands of mothers' eyes...
Yet proud of their loved one's willingness to fight!!
War!! What is it good for?!
Nuthin'?! Liberty AIN'T nuthin'!! Say it again...
War?! What is it good for?!
Freedom...Freedom sure AIN'T nuthin'!!
War!! It's sometimes just a PeaceMaker!!
War!! Send yer enemies to the undertaker!!
Left is the Enemy...of all Mankind...
The thought of war chills my spine...
Patriots fought each generation fer liberation...
Emancipation...reconstruction...Right Wins the Fight!!
War!! What is it good for?!
Nuthin'?! Liberty AIN'T nuthin'!!
War!! What is it good for?!
Briefers...Freedom sure AIN'T nuthin'!!
War's what happens when Right sheds Tyranny!!
Hitler disabled...Mussollini!!
Life is too precious to let Tyrants win the day!!
War, it takes life...a cost of FReedom we must pay!!
War!! It's sometimes just a PeaceMaker!!
War!! Send vile enemies to meet their Maker!!
Peace Love and Understanding...
Are moot when airplaines topple the World Trade!!
Right knows we must fight to keep our Freedom!!
Lord knows we gotta make Dem Leftists PAY!!
Join our Culture War!!
War!! What is it good for?!
Nuthin'?! Liberty AIN'T nuthin'!!
War!! What is it good for?!
Briefers...Freedom sure AIN'T nuthin'!!
Mudboy Slim (1 June 2004)
"Devolve Power Outta the Federal Leviathan and Back to the States,
Localities, and Individuals as Prescribed in the US Constitution."
#638. To: war (#635)
Win Willy won:
#4 Win Willy M. Clifton Berry W 7.40 P 3.80 S 2.60
War Echo didn't hit the board.
My Cardinals won.
#639. To: Fred Mertz (#638)
Kewel...does this put him back on for the Derby?
Day 13 of Packrat refusing to register here. Day 11 Of Boofer The One Eyed Wonder Bot refusing to answer: When is Blackwell going to have the recount? Jan 30, 2006 ... by saveliberty (Proud to be Head Snowflake, Bushbot...
#640. To: Mudboy Slim (#637)
You really do need to get over yourself. No one reads this crap. And you're an asshole.
Day 13 of Packrat refusing to register here. Day 11 Of Boofer The One Eyed Wonder Bot refusing to answer: When is Blackwell going to have the recount? Jan 30, 2006 ... by saveliberty (Proud to be Head Snowflake, Bushbot...
#641. To: Fred Mertz (#638)
My Cardinals won.
Kewel...my son's team won 2-1...he had both goals...both in the third period...they move on to round 2...
Day 13 of Packrat refusing to register here. Day 11 Of Boofer The One Eyed Wonder Bot refusing to answer: When is Blackwell going to have the recount? Jan 30, 2006 ... by saveliberty (Proud to be Head Snowflake, Bushbot...
#642. To: war (#639)
No, he's four years old now. The triple crown trail is for 3 year olds only.
Our colt is a three year old.
#643. To: Fred Mertz (#642)
Oh...he was the one who was out last year, right?
Day 13 of Packrat refusing to register here. Day 11 Of Boofer The One Eyed Wonder Bot refusing to answer: When is Blackwell going to have the recount? Jan 30, 2006 ... by saveliberty (Proud to be Head Snowflake, Bushbot...
#644. To: war (#641)
Good on your boy!
I'm so happy Louisville won today; last game in that arena and beating the #1 team like a drum was sweeeeet!
I won $20 on that game.
#645. To: Fred Mertz (#644)
5 beers and a tip...
Day 13 of Packrat refusing to register here. Day 11 Of Boofer The One Eyed Wonder Bot refusing to answer: When is Blackwell going to have the recount? Jan 30, 2006 ... by saveliberty (Proud to be Head Snowflake, Bushbot...
#646. To: war (#643)
Yes, some sort of minor injury IIRC.
Our colt was supposed to race tomorrow, but he has congestion/mucous, so it might be another week or more.
#647. To: All (#645)
Good on your boy!
He got away with the first one...kicked it in but he waved his stick at it enough, I guess...
Day 13 of Packrat refusing to register here. Day 11 Of Boofer The One Eyed Wonder Bot refusing to answer: When is Blackwell going to have the recount? Jan 30, 2006 ... by saveliberty (Proud to be Head Snowflake, Bushbot...
#648. To: Fred Mertz (#646)
Kewel...
Day 13 of Packrat refusing to register here. Day 11 Of Boofer The One Eyed Wonder Bot refusing to answer: When is Blackwell going to have the recount? Jan 30, 2006 ... by saveliberty (Proud to be Head Snowflake, Bushbot...
#649. To: war (#645)
5 beers and a tip...
Believe it or not $20 will buy you ten beers and a five dollar tip; we don't tip that large normally.
#650. To: wry guy, Funky Dan, Landru (#637) (Edited)
MUD: "I'm with you to an extent, but it's quite Keynesian..."
"Screw Keyes, Mud. I met the guy.
He's a 5'6" egomaniac & a black one at that, worst kind.
So full of himself I could hardly beleive what I was seeing/hearing."
Heh heh heh...no wonder folks call you "Funky Dan", 'Dru...LOL!!
I wasn't talkin' 'bout Alan Keyes, whom I genuinely like and respect, I was talkin' about "John Maynard Keynes", the Progressive/Marxist/Leftist who FDR relied on to justify his MASSIVE expansion of Federal Guv'ment POWER!! Yeah, buddy, it's the same friggin' RAT-bastard who Glenn Beck's been focused on lately.
John Maynard Keynes, 1883-1946.
John Maynard Keynes is doubtlessly one the most important figures in the entire history of economics. He revolutionized economics with his classic book, The General Theory of Employment, Interest and Money (1936). This is generally regarded as probably the most influential social science treatise of the 20th Century, in that it quickly and permanently changed the way the world looked at the economy and the role of government in society. [And it's all a buncha Progressive Marxist RAT-Propoganda...Keynes is even more EVIL than those Envirowhacko RAT-scientists who LIED about Man-Made Global Warming!!] No other single book, before or since, has had quite such an impact. [BullKRAP...consider the source...]
The son of the Cambridge economist and logician John Neville Keynes, John Maynard Keynes was bred in British elite institutions - Eton and then King's College Cambridge. In 1906, he entered the British civil service for a little while, and then returned to Cambridge in 1909.
Three life-long connections were made during this time. Firstly, Keynes would remain a fellow of King's College, Cambridge. Secondly, he became the editor of the Economic Journal in 1911, a position he would hold almost until the end of his life. He also fell in with the "Bloomsbury group", a collection of upper- class Edwardian aesthetes such as Virginia Woolf, Clive Bell and Lytton Strachey, which would serve as his "life outside of economics".
His first book on Indian currency (1913) was directly related to his experience at the India office. From 1914 to 1918, J.M.K. was called to the UK Treasury to assist with the financing of the British war economy. He excelled at his job and the influence he gained earned him a position with the British delegation to the Versailles Peace Conference in 1918. J.M.K was appalled at the vindictive nature of the peace settlement, and was particularly opposed to the devastating consequences of the heavy "reparations" payments imposed on Germany. He resigned from the conference and published his Economic Consequences of the Peace (1919), denouncing the Treaty of Versailles and bringing him into the public spotlight.
After returning to Cambridge, Keynes published his Treatise on Probability (1921), where he dismantled the classical theory of probability and launched what has since become known as the "logical-relationist" theory of probability. [LIES! LIES! LIES!] Keynes's work caused something of a stir, arousing the young Cantabrigian logician, Frank P. Ramsey, to outline his own "subjective" theory of probability.
In 1923, Keynes published his Tract on Monetary Reform (1923), which was his contribution to the Cambridge cash-balance theory of money, then being developed by other Cambridge economists, Alfred Marshall, Arthur C. Pigou and Dennis H. Robertson. It was also in a 1923 newspaper article that he first proposed his "normal backwardation" theory of hedging and speculation.
Throughout the 1920s, Keynes remained active in public policy debates, channeled mainly through his numerous articles in the Nation and Atheneum, a Liberal-Labour weekly magazine which he helped purchase in 1923 (it was absorbed by the New Statesman in 1931). The best of Keynes public policy writings was collected in his Essays in Persuasion (1931). He was on the forefront of the battle against returning Britain to the gold standard on a pre- war parity (e.g. 1925). This led him to author two famous pieces in condemnation of laissez-faire economic policy (1925,1926). In 1929, he wrote an election pamphlet with Hubert D. Henderson advocating the use of public works to reduce unemployment and condemning the Treasury's fear of "budget deficits". [Folks, this scumbag seems to be the ROOT OF ALL LEFTIST/PROGRESSIVE/TYRANNICAL EVIL...LOL!!] In 1929, he also entered into a small debate with Bertil Ohlin and Jacques Rueff on German reparations problem. He also found time to marry the Russian ballerina, Lydia Lopokova in 1925.
(To the EffeteElite RAT-bastards go the spoils, I reckon...GRRR!!)
In 1930, John Maynard Keynes brought out his heavy, two-volume Treatise on Money, which effectively set out his Wicksellian theory of the credit cycle. In it, the rudiments of a liquidity preference theory of interest are laid out and Keynes believed it would be his magnum opus. His bubble was soon pricked. Friedrich von Hayek reviewed the Treatise so harshly that Keynes decided to set Sraffa to review (and condemn no less harshly) Heyek's own competing work. The Keynes-Hayek conflict was but one battle in the Cambridge- L.S.E. war.
The Treatise also led to the formation of a reading group, known as "the [Marxist] Circus", composed of the young Cambridge economists Richard Kahn, Joan Robinson, Austin Robinson, James Meade and Piero Sraffa. Kahn dutifully delivered reports of the [Marxist] Circus's discussions to Keynes, who subsequently began revising his ideas. One resulting criticism of the Treatise was that it failed to provide a theory of the determination of output and employment as a whole -- a particular pertinent question given the huge amount of unemployment at the time.
The key was provided to Keynes in a short article by Richard Kahn (1931) -- the theory of the income-expenditure multiplier -- which was to be the basis of his future revolution. Already in a few 1933 articles and pamphlets, Keynes began announcing the new idea, and began submitting the drafts of his new book to the [Marxist]Circus and several fellow economists for review and dissection. His ideas on the marginal efficiency of investment took a little longer to work out.
In early 1936, the new book finally came out with the pretentious title of The General Theory of Employment, Interest and Money. Heavily anticipated, cheaply priced and propitiously timed for a world caught in the grips of the Great Depression, the General Theory made a splash in both academic and political circles. As one American politician put it, everyone always knew that the economic policies recommended by the Neoclassical economists were bad policies; but now they realized it was also bad economics.
With the General Theory, as it became known, Keynes sought to develop an theory that could explain the determination of aggregate output - and as a consequence, employment. He posited that the determining factor to be aggregate demand. Among the revolutionary concepts initiated by Keynes was the concept of a demand-determined equilibrium wherein unemployment is possible, the ineffectiveness of price flexibility to cure unemployment, a unique theory of money based on "liquidity preference", the introduction of radical uncertainty and expectations, the marginal efficiency of investment schedule breaking Say's Law (and thus reversing the savings-investment causation), the possibility of using government fiscal and monetary policy to help eliminate recessions and control economic booms. Indeed, with this book, he almost single-handedly constructed the fundamental relationships and ideas behind what became known as "macroeconomics". [Too bad the Commie RAT-bastard got it all WRONG...IDIOT LEFTISTS/STATISTS/PROGRESSIVES!!...sheeesh]
The Keynesian Revolution split the economics world in two generations: the young climbed over themselves to line up behind Keynes; the old rallied to condemn it. John Maynard Keynes responded to his most able critics -- Jacob Viner, Dennis Robertson and Bertil Ohlin -- in a series of 1937 articles, which helped him to expand upon some key aspects of his theory. A densely-written and difficult book, it was followed up immediately by elucidatory publications by the members of Keynes's Circus, such as Joan Robinson, and young economists elsewhere in Britain, such as Roy Harrod and Abba Lerner.
Of particular importance was the 1937 article by John Hicks which introduced the "IS-LM" representation of Keynes's theory that launched the "Neoclassical- Keynesian Synthesis" that was to pervade in America (and elsewhere) as the dominant form of macroeconomics in the post-war era, particularly in the 1950s and 1960s. However, the so-called "Cambridge Keynesians" -- which included veterans of Keynes's Circus, such as Joan Robinson -- and their American cousins, the Post-Keynesian school, would dispute the "Synthesis" twist on the Keynesian Revolution. They posited up their own versions of the theory, which, they argued, was more faithful to Keynes's original message.
Keynes's health collapsed circa 1938, and, consequently, he ducked out of the debate which was then raging. When World War II broke out in earnest, Keynes re- emerged and published his 1940 pamphlet, How to Pay for the War. In that small tract, he identified the "inflationary gap" created by resource constraints during the war effort, and promoted the device of "compulsory saving" and rationing to prevent price inflation, proposals that were adopted in 1941. The 1940 piece is notable for it provided the seeds of a theory of inflation to complement the "depression economics" of the General Theory.
During the course of the war, Keynes was at the Treasury and set himself to think about the post-war economic order. In 1938, he had warmed up to Benjamin Graham's proposals for an international "commodity-reserve" currency to replace the Gold Standard. In 1943, Keynes forged his ideas for "Bancor", a proposal for an international clearing union. In consultation with the Americans, Keynes eventually relented on his idea and accepted the American "White Plan" for an international equalization "fund" held in the currencies of the participating nations. However, several essential aspects of Keynes's clearing union idea were incorporated."
In 1944, Keynes led the British delegation to the international conference in Bretton Woods where the details of the system were hammered out. The American "White Plan" was accepted, countries would retain fixed exchange rates against the dollar, while the dollar itself would be matched to gold. Two institutions, the International Monetary Fund (IMF) and the World Bank (IBRD), were created to oversee the new international monetary system.
All these exhausting official missions and work taxed Keynes's already precarious health. He died in 1946, soon after arranging the guarantee of an American loan to Great Britain."
See, I told you so...MUD
BTW...six fitty...
"Devolve Power Outta the Federal Leviathan and Back to the States,
Localities, and Individuals as Prescribed in the US Constitution."
#651. To: Fred Mertz (#649) (Edited)
You can get close to that in the 'burgh but the word I've heard is that Rollo's on Station Street in Crafton is charging a buck fifty for a draft now.
Day 14 of Packrat refusing to register here. Day 12 Of Boofer The One Eyed Wonder Bot refusing to answer: When is Blackwell going to have the recount? Jan 30, 2006 ... by saveliberty (Proud to be Head Snowflake, Bushbot...
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