{"id":884,"date":"2014-10-30T14:07:48","date_gmt":"2014-10-30T18:07:48","guid":{"rendered":"http:\/\/olduvai.ca\/?p=884"},"modified":"2014-10-30T14:07:48","modified_gmt":"2014-10-30T18:07:48","slug":"businessweek-wants-you-to-become-a-keynesian-debt-slave-zero-hedge","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=884","title":{"rendered":"BusinessWeek Wants YOU To Become A Keynesian Debt Slave | Zero Hedge"},"content":{"rendered":"<p><a href=\"http:\/\/www.zerohedge.com\/news\/2014-10-30\/businessweek-wants-you-become-keynesian-debt-slave\">BusinessWeek Wants YOU To Become A Keynesian Debt Slave | Zero Hedge<\/a>.<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">There are those, increasingly more of them, including such shocking\u00a0<a style=\"text-decoration: none; color: #1e439a;\" href=\"http:\/\/www.zerohedge.com\/news\/2014-10-29\/alan-greenspan-qe-failed-help-economy-unwind-will-be-painful-buy-gold\">statist luminaries as Alan Greenspan<\/a>\u00a0(the person more responsible for today&#8217;s global depression than anyone else) and the\u00a0<a style=\"text-decoration: none; color: #1e439a;\" href=\"http:\/\/www.zerohedge.com\/news\/2013-05-08\/guess-who-shocking-fan-austrian-economics\">Treasury Borrowing Advisory Committee<\/a>, who are realizing that the old\u00a0<em>debt=growth, saving=bad, spending=prosperity\u00a0<\/em>and\u00a0<em>inflation=utopia\u00a0<\/em>economic paradigm, the one unleashed by John Maynard Keynes, is the primary reason for today&#8217;s worldwide economic devastation, a condition\u00a0<a style=\"text-decoration: none; color: #1e439a;\" href=\"http:\/\/www.zerohedge.com\/news\/2014-10-29\/fed-pauses-printing-total-world-debt-tops-100-trillion\">where $100 trillion in global debt\u00a0<\/a>has brought global growth to a crawl, and which coupled with endless &#8220;wealth effect&#8221; printing by central banks who have\u00a0<a style=\"text-decoration: none; color: #1e439a;\" href=\"http:\/\/www.zerohedge.com\/news\/2014-09-08\/quick-reminder-only-thing-matters-one-chart\">deposited $10 trillion in electronic money\u00a0<\/a>at their favorite commercial banks with the explicit instruction to buy spoos, have bet everything on reflating the world out of its debt quagmire, instead having achieved a world that has never been more split between the haves and have nots.<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">And then there is\u00a0<a style=\"text-decoration: none; color: #1e439a;\" href=\"http:\/\/www.businessweek.com\/articles\/2014-10-30\/why-john-maynard-keyness-theories-can-fix-the-world-economy\">BusinessWeek<\/a>, which quite to the contrary, is urging its readers in its cover story, ignore common sense, and do more of the same that has led the world to dead economic end it finds itself in currently. In fact, as\u00a0<a style=\"text-decoration: none; color: #1e439a;\" href=\"https:\/\/twitter.com\/BCAppelbaum\/status\/527825996259819521\">NYT&#8217;s Binyamin Appelbaum<\/a>summarizes it best, it calls &#8220;<strong>the world governments to become the slaves of a defunct economist. &#8220;<\/strong><\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">And spend, spend, spend, preferably on credit.<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">Because, supposedly, this time the resulting crash from yet another debt-funded binge will be&#8230; different?<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BusinessWeek Wants YOU To Become A Keynesian Debt Slave | Zero Hedge. There are those, increasingly more of them, including such shocking\u00a0statist luminaries as Alan Greenspan\u00a0(the person more responsible for today&#8217;s global depression than anyone else) and the\u00a0Treasury Borrowing Advisory Committee, who are realizing that the old\u00a0debt=growth, saving=bad, spending=prosperity\u00a0and\u00a0inflation=utopia\u00a0economic paradigm, the one unleashed by John [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[195,458,466,467],"class_list":["post-884","post","type-post","status-publish","format-standard","hentry","category-economics","tag-debt","tag-john-maynard-keynes","tag-keynes","tag-keynesian-economics"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=884"}],"version-history":[{"count":0,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/884\/revisions"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}