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OpEdNews Op Eds    H3'ed 7/2/09

Liquidation and Creative Destruction.

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It is astonishing what foolish things one can temporarily believe if one thinks too long alone, particularly in economics (along with the other moral sciences), where it is often impossible to bring one's ideas to a conclusive test either formal or experimental."
John Maynard Keynes, 1st Baron Keynes of Tilton
(5 June 1883 – 21 April 1946)
The General Theory of Employment, Interest, and Money.Preface 13 December 1935

On both sides of the aisle, people have tried to judge Liquidation and Creative Destruction from a moral standpoint. It is something that does not belong to a scientific analysis. I shall not address the issue here. All this belong to the last Paragraph of this tract: Chapter V, Paragraph 3: Moral, Philosophic and Religious Implications of the Credit Free Economy.

All of This Stays True Until the Poor Becomes Richer Relatively to the Rich.
Extreme Economic Conditions Call for Radical Solutions.
The Controversial Innovation Since John Maynard Keynes and Milton Friedman.
You Can Comment on This Chapter Here. I Will Incorporate Any Meaningful Contribution Into my Tract and Credit the Author. If you can Make a Significant Contribution to my Work Please Apply Here.

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Shalom P. Hamou Tel Aviv, Ramat Aviv, Israel I am the youngest economist at My Yield Curve. Since spring of 1994 I have been working on economic depressions. I am writing The Tract The Religious Interpretation of (more...)
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Liquidation and Creative Destruction.

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