
Meeting with Japanese reporters at the U.S. embassy, November 11, 2009 http://www.businessinsider.com/geithner-we-care-about-a-strong-dollar-really-2009-11
Source: Contributions to Modern Economics (1978), Chapter 23, What Has Become of Employment Policy?, p. 256
Meeting with Japanese reporters at the U.S. embassy, November 11, 2009 http://www.businessinsider.com/geithner-we-care-about-a-strong-dollar-really-2009-11
This was not Keynes’s intent, nor is it the view of all of his most eminent followers. Yet if one does not view the revolution in this way, it is impossible to account for some of its most important features.
"After Keynesian macroeconomics" 1978
“[Keynesian]I am now a Keynesian in economics.”
Just after a broadcast interview with four newsmen (6 January 1971), according to Howard K. Smith, one of the interviewers. "Nixon Has Shifted to Ideas of Keyness: ABC Commentator" http://news.google.com/newspapers?id=awpdAAAAIBAJ&pg=916,487551
1970s
“The legacy of Keynesian economics”
the misdiagnosis of unemployment, the fear of saving, and the unjustified faith in government intervention — affected the fundamental ideas of policy makers for a generation and altered such basic institutions of our economy as the tax laws, the social insurance programs and the financial system. Changing these deeply ingrained aspects of economic life can happen only slowly. But the economics profession has undoubtedly begun to re-examine and re-evaluate the Keynesian notions that have been so dominant for the past 35 years. There is a return to older and more basic economic truths and an attempt to adapt these ideas to the changing conditions of technology and affluence. From this is emerging a new view of unemployment, of saving, and of the role of government.
"The Retreat from Keynesian Economics", The Public Interest (1981).
“…the Americans must have the Almighty dollar.”
Their cupidity renders them daring and indifferent to everything else. It is nothing to them to expose their lives and those of others in order to gain money. How materialistic these people are!
To the Right Reverend J. Bouvier, Bishop of Le Mans, Saint Mary's, 1849-07-08.
“You cannot invade the mainland United States. There would be a rifle behind every blade of grass.”
It has been declared this attribution is "unsubstantiated and almost certainly bogus, even though it has been repeated thousands of times in various Internet postings. There is no record of the commander in chief of Japan’s wartime fleet ever saying it.", according to source Brooks Jackson in "Misquoting Yamamoto" at Factcheck.org (11 May 2009) http://www.factcheck.org/2009/05/misquoting-yamamoto/, which cites source Donald M. Goldstein, sometimes called "the dean of Pearl Harbor historians", writing "I have never seen it in writing. It has been attributed to the Prange files [the files of the late Gordon W. Prange, chief historian on the staff of Gen. Douglas MacArthur] but no one had ever seen it or cited it from where they got it."
Misattributed
What few know is that there is no meaningful theoretical or empirical support for the Keynesian position.
Robert J. Barro, "Keynesian Economics vs. Regular Economics" Wall Street Journal (2011).
[David Colander, “Functional Finance, New Classical Economics and Great Great Grandsons” (2002).
2000s
07:20–08:05.
"Glenn 'Kane' Jacobs Mental Smackdown of Tennessee Lt Governor" http://www.youtube.com/watch?v=-bWJwJr-R68 (2013)
Context: Keynesian economics is really just models and numbers and how things would work in a laboratory, not how things work in the real world. The beauty of Austrian economics is [that] it studies how things work in the real world. Economics is not a predictive science, okay? You can't say, "If we do this, this is what's gonna happen." It is a descriptive science; in other words, it describes what's going on. Austrian economics says the economy runs itself, and all that we're trying to do is understand how the economy really works.