Keynesianism & Eugenics

In looking at and assessing the economic paradigm of John Maynard Keynes — a man himself fixated on aggregates — we must look at the aggregate of his thought, and the aggregate of his ideology.

Keynes was not just an economist. Between 1937 and 1944 he served as the head of the Eugenics Society and once called eugenics “the most important, significant and, I would add, genuine branch of sociology which exists.” And Keynes, we should add, understood that economics was a branch of sociology. So let’s be clear: Keynes thought eugenics was more important, more significant, and more genuine than economics.

Eugenics — or the control of reproduction — is a very old idea.

In The Republic, Plato advocated that the state should covertly control human reproduction:

Keynesianism & Eugenics |.

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The Fed’s Con Appears To Be Working But The Curtain Is Rising On The Third Act | ZeroHedge

That and the fact that the economic data was coming in relatively perky, at least in terms of the headline data, made it highly unlikely that the Fed would do any more money printing.But here’s the thing. They are what the Fed and Wall Street casino owners want you to think. The Fed wants the market to go higher, but it doesn’t want commodities to go with it, so its story line is that the economy is healthy enough to continue growing without more QE. That gives traders reason to continue buying stocks, and no reason to buy commodities, which everyone “knows” go up when the Fed prints, in spite of Bernanke’s denials. We won’t know the real story until February 2018 when the Fed will release the transcripts of this year’s FOMC meetings. The decisions the Fed wants you to make are to buy stocks, bay and hold Treasuries, and sell commodities.The Fed’s Con Appears To Be Working But The Curtain Is Rising On The Third Act | ZeroHedge.

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Where is Unemployment Headed? – Mike Shedlock – Townhall Finance Conservative Columnists and Financial Commentary – Page 1

Quick Notes About the Unemployment Rate 

In the last year, the civilian population rose by 3,584,000. Yet the labor force only rose by 1,569,000. Those not in the labor force rose by 2,014,000.

In February, the Civilian Labor Force rose by 476,000.

In February, those “Not in Labor Force” decreased by 310,000. If you are not in the labor force, you are not counted as unemployed.

Participation Rate rose .2 to 63.9%

Were it not for people dropping out of the labor force, the unemployment rate would be well over 11%.

Over the past several years people have dropped out of the labor force at an astounding, almost unbelievable rate, holding the unemployment rate artificially low. Some of this was due to major revisions last month on account of the 2010 census finally factored in. However, most of it is simply economic weakness.

Where is Unemployment Headed? – Mike Shedlock – Townhall Finance Conservative Columnists and Financial Commentary – Page 1.

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Businesses Exit Taxifornia in Droves – Mike Shedlock – Townhall Finance Conservative Columnists and Financial Commentary – Page 1

California Tax Revenue Plunges

Inquiring minds have noticed a huge plunge in California Tax Revenue for the month of February compared to February 2011.

The numbers below represent a 22.55% plunge in spite of the fact that this February was a leap year adding a day to the calendar.

Madeline Schnapp, at TrimTabs Investment Research sent me a quick note regarding that plunge a few days ago.

California Tax Revenue Plunges

Inquiring minds have noticed a huge plunge in California Tax Revenue for the month of February compared to February 2011.

The numbers below represent a 22.55% plunge in spite of the fact that this February was a leap year adding a day to the calendar.

Madeline Schnapp, at TrimTabs Investment Research sent me a quick note regarding that plunge a few days ago.

via Businesses Exit Taxifornia in Droves – Mike Shedlock – Townhall Finance Conservative Columnists and Financial Commentary – Page 1.

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Stimulus Three Years Later: Obamanomics Has Failed

Stimulus Three Years Later: Obamanomics Has Failed

GOT’CHA AMERICA …..I AIN’T DRILLING ……OBAMAS WAY OF TELLING YOU YOUR GONNA BUY THOSE HYBRIDS AND ELECTRIC CARS ONE WAY OR ANOTHER DAMNIT……………. YOU KNUCKLE DRAGGERS (Photo credit: SS&SS)

Three years ago today, President Barack Obama signed into law his trillion-dollar stimulus plan, a measure that he promised would save or create 3 million jobs by the end of 2010 and would prevent unemployment from ever going above 8 percent. And though the President today will likely claim that thanks to his efforts, the U.S. economy is surging, don’t believe him. The verdict is in: Obamanomics has failed.

But you don’t have to take our word for it. Yesterday, the Congressional Budget Office (CBO) released a reportoffering an analysis of the last three years of the Obama economy. In short, the stimulus did not live up to the President’s promises.

 

via Stimulus Three Years Later: Obamanomics Has Failed.

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