Doug Henwood <[email protected]> writes: > On Apr 3, 2009, at 6:20 PM, Jim Devine wrote: > >> monetary cranks are ... cranks. > > I could swear that Keynes said somewhere that the essence of monetary > crankery is thinking that if you fix money, everything else will fall > into place. I can't find the quote, alas. But it seem right. Cranks > love to blame the Fed for our problems, and have little to say about > property ownership, the distribution of income, the nature of work, > our relation with the earth, etc.
I, uh, found this: "Keynes observed - somewhere in the Treatise, I think - that the mark of a crank is the belief that if you fix "money" everything else will fall into place, /but then he suggested precisely that in the GT./" (emphasis added) http://archives.econ.utah.edu/archives/pkt/1994m04/msg00049.htm _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
