• 509 days Will The ECB Continue To Hike Rates?
  • 510 days Forbes: Aramco Remains Largest Company In The Middle East
  • 511 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 911 days Could Crypto Overtake Traditional Investment?
  • 916 days Americans Still Quitting Jobs At Record Pace
  • 918 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 921 days Is The Dollar Too Strong?
  • 921 days Big Tech Disappoints Investors on Earnings Calls
  • 922 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 924 days China Is Quietly Trying To Distance Itself From Russia
  • 924 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 928 days Crypto Investors Won Big In 2021
  • 928 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 929 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 931 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 932 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 935 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 936 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 936 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 938 days Are NFTs About To Take Over Gaming?
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  1. Home
  2. Markets
  3. Other

Burning of John Maynard Keynes Book Causes Uproar

The central banking and political world are up in arms about a planned John Maynard Keynes book burning.

The burning was announced by Jeff Berwick, Chief Editor of The Dollar Vigilante, to take place on December 23, the anniversary of the Federal Reserve Act of 1913.

Top central bankers in the United States warned that flimsy economic theories would be in danger if the burning of a copy of John Maynard Keynes, The General Theory of Employment, Interest & Money went ahead.

"What is most dangerous," stated one central banker, "is if this causes people to even logically think for more than a few moments about economics then this entire structure we've built could begin to collapse. We've done a great job for a long time telling the average man on the street that economics is too difficult to understand."

US diplomats and members of the Goldman Sachs' run Department of Treasury called the plan, "disrespectful and dangerous".

But organizer, Jeff Berwick, Chief Editor of The Dollar Vigilante said: "We must send a clear message to the radical element of Keynesians," he continued, "Which, basically means, all Keynesians."

The controversy comes at a time when Federal Reserve and US Treasury officials have bankrupted the country by blindly following Keynesian economics.

"In addition to being offensive, the Keynes protest puts at risk those brave Americans who are fighting abroad for the freedoms and values that we believe in as Americans," said one US Senator. "Those values being that the government creates a central bank who manipulates the price of money and uses inflation as a hidden tax."

Riots and demonstrations have erupted in numerous locations where central bankers and politicos gather including Jackson Hole, Wyoming where one central banker was quoted as saying, "This is an attack on our religion and we will not stand for it!"

Asked if they had plans of their own to burn F.A. Hayek's The Road to Serfdom and Ludwig Von Mises The Theory of Money and Credit most central bankers acted confused and did not seem familiar with the books.

A high ranking US diplomat who wished to remain anonymous stated, "This could very well bring an end to the American way of life. If the burning of Keyne's book goes forward it very quickly could bring into question all of our basic values including the right for the government to print as much money as is needed to enter into as many wars as is necessary to keep the military industrial complex happy."

Despite all the pleas for a stop to the burning, Jeff Berwick remained adamant that he is going to go through with the burning, stating, "I think I'll burn a copy of the New York Times which contains any article by Paul Krugman too."

 

Back to homepage

Leave a comment

Leave a comment