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A Homely Analogy for Keyneseanism
Keynes
is like you lose your job because your industry went up in smoke, so
you borrow money if you can to get training in a new line of work, to
get a suit to go to interviews, to get a car if there's no longer work
in walking distance, OR, you keep yourself busy doing productive things,
prettify your house and garden, work out like you never did before.
If
nothing else, keep up the habit of working and keep up your spirits.
These are all like using the overabundant thing: labor, to create real
and lasting value (or even just prevent the slide into a permanent bad
attitude), even if you can't make anything to sell at the moment -- if
it will make you more effective at creating real value in the future,
it's called investment.
The current ruling philosophy is like you lose your job, so you're
afraid to spend any money for anything, you just sit around and let your
house deteriorate; you get out of the habit of going to work, you
forget the skills and knowledge you had, you follow the path of least
resistance, listening to idiotic but amusing talk radio -- which
expresses all your anger and whininess for you -- rather than look for
something you might learn from. You don't work out because it would
increase your metabolism so you'd have to eat more. You eat the
cheapest junk which makes your body deteriorate. It's called hunkering
down. When did that become the America Way?
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