Scan barcode
shiradest's review
3.0
Well, a fairly interesting read, though I think he has Keynes all wrong. (p.272-277; esp. p. 277)
Overall, he's not happy w/Marxism or Xian thought on money; seems to see it as embodied potential desire, and thus has been elevated to godhood.
Seems to think money will eventually burn itself out p. 281 'as interest and profit fall away' 'age of money' will end as values are reseen in light of qualities possesed (i.e. eagle is always an eagle, but money is only money while in someone's possession, p. 280). hmmm...
-p. 254 Hitler fired all his finance ministers,
-p. 255 using closed system of banknotes forced to use/accept in Germany (except black market).
-p. 256 discusses Theresienstadt camp as using money to prop up appearance, and 3rd Reich as printing lots of money and holding down inflation by force, except for symptom of stock markets (couldn't control).
He accuses Keynes of dreaming (Robinson C. analogies), yet also of not being sincere in two passages (-p. 273: 'importance of money ... link between present and future': London 1936 p.293; and -p. 276/7: 'euthanasia of the rentier' in Keynes, economists bio. p. 276). But how could he contradict Keynes own comments and writing to dare say that Keynes was not sincere? Also says that Keynes did not know history, and that Keynes equated burying banknotes w/productive activity, but I think he missed Keynes point -Keynes said building houses would be preferable, but even buried banknotes would stimulate the economy (and anything useful even better by implication!).
Overall, he's not happy w/Marxism or Xian thought on money; seems to see it as embodied potential desire, and thus has been elevated to godhood.
Seems to think money will eventually burn itself out p. 281 'as interest and profit fall away' 'age of money' will end as values are reseen in light of qualities possesed (i.e. eagle is always an eagle, but money is only money while in someone's possession, p. 280). hmmm...
-p. 254 Hitler fired all his finance ministers,
-p. 255 using closed system of banknotes forced to use/accept in Germany (except black market).
-p. 256 discusses Theresienstadt camp as using money to prop up appearance, and 3rd Reich as printing lots of money and holding down inflation by force, except for symptom of stock markets (couldn't control).
He accuses Keynes of dreaming (Robinson C. analogies), yet also of not being sincere in two passages (-p. 273: 'importance of money ... link between present and future': London 1936 p.293; and -p. 276/7: 'euthanasia of the rentier' in Keynes, economists bio. p. 276). But how could he contradict Keynes own comments and writing to dare say that Keynes was not sincere? Also says that Keynes did not know history, and that Keynes equated burying banknotes w/productive activity, but I think he missed Keynes point -Keynes said building houses would be preferable, but even buried banknotes would stimulate the economy (and anything useful even better by implication!).
More...