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The Fruits of Graft (Part 2) - Wayne Jett - (BWL POD #0058)

Mar 14, 2024
This week we have our friend Wayne back with us today and we continue the series that runs through his book the

fruits

of crime thanks for listening welcome to the bench with live podcast. I'm your host James Henry again today I have our friend Wayne Jett, we're going to continue discussing classical economics, his book The Break of Craft, so thanks for listening. Good morning, Wayne, how are you? James. It's good to be here with you again. Thanks Bert. Look, we're excited to continue. Background on what really brought us here today I think what your job is and I've said it many times the work you've done in your book the

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of grabbing the Great Depression, eating the Great Depression and now it's really the truth in history when It's about the Great Depression and I'm excited for the listener to have the opportunity to discover the truth, so that's my introduction, Wayne, I appreciate it, let's pick up where we left off on the last call, okay, great, well.
the fruits of graft part 2   wayne jett   bwl pod 0058
I think last time I covered the so-called Laffer curve, the rule of diminishing returns, which is actually several hundred years old and that if you increase the tax rate you get to a point where the government actually gets less revenue because It hurts the economy so much. you just don't have any activity and therefore don't get as much revenue, so you need to make sure you're on the lower side of the curve in terms of maximizing your government revenue while doing as little damage as possible. as much as possible to the economy and the prosperity of the people and so on and continuing from that last time I wanted to get to a couple of points that if you use the same ideas, if so, you start from a zero tax rate. at a one hundred percent tax rate and this time and let's not graph the tax revenue, for example, let's graph the number of jobs or the level of employment of what is the level of employment with a zero tax rate compared to a tax rate of the hundred percent.
the fruits of graft part 2   wayne jett   bwl pod 0058

More Interesting Facts About,

the fruits of graft part 2 wayne jett bwl pod 0058...

Well, the two things that are obvious is that, number one, jobs will be zero when you have a hundred percent tax rate because if you take everything, no one works and no one has a job, and here we are, etc. but look at what happens with a zero tax rate, the number of jobs you will have, your maximum employment with a zero tax rate and therefore if everyone is going to have a hundred percent employment, they will have it when they have the zero tax rate and so on on that graph you basically have a hundred percent employment level that starts to fall as you go to a hundred percent that tax rate is zero and the point is that to have the maximum employment you want generate absolutely Sure you have a very good reason to be on the low side of the Laffer curve, which is beyond the side that gets the same income you would have if you had a much higher tax rate, but you are on the falling side of That's why you need to make sure again that you're on the low side of the tax curve on the Laffer curve to make sure that you're going to be as close to one hundred percent employment as you can get with it. kind of thing you can do by again graphing the tax rate along the bottom line and this time putting your GDP growth rate as the vertical bar and so you graph that and your GDP growth rate how fast the country is growing how fast the economy is growing are you going to have your absolute maximum growth rate at zero percent of your tax rate and in this

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icular graph you not only fall to zero when the tax rate is 100%, but you fall to zero when you get to say 40 50 percent or something like that, if you're eliminating that many taxes, your GDP growth rate will drop to zero and it doesn't stop at zero, your GDP rate will hit the floor if you're going to go to a tax rate of 50% or more, taking income out of the economy that way, your GDP growth rate will be so negative that you will have a collapse of the economy, so again it is a very strong reason to make sure that your tax rate is as high as possible. low possible, so I wanted to make sure that both graphs are in my book, very simple little concepts, but believe it or not, these simple aspects of reasoning just completely escape and are avoided by the Keynesian x, they do all their mumbo-jumbo. and let's never get to these basic points of why you shouldn't do these things of these higher tax rates just to punish the rich or something like that;
the fruits of graft part 2   wayne jett   bwl pod 0058
It's a very bad policy in terms of the prosperity it generates for the country, so I think we should. I've covered that aspect of the basic ideas of classical economics quite well in terms of its tax rate planning. Let's say I go a little more into monetary policy. I think I said last time that the basic aspect of classical economics is that I want money that has a stable value and again he pointed out that the reason is that when you have a currency or money that loses value over time, then it is very unsatisfying for workers, for example, but whatever savings they have been able to recover if it is losing value, I mean, that is a very damaging thing for people who in their later years only have a certain amount that they work very hard for, it is very difficult to get when they earned it, but if it turns out to be much less worthy when they are old it is not going to support them and that is why they go hungry, that is like the same type of thing, of course, that we are facing now with the dollar in swords because the dollar is very, very unstable. it's a fiat currency, it's not issued by a federal agency, it's issued by a private bank, etc., we've been through that before, so that's what classical theory says and that's why classical theory says we should go back to gold. measured value of the coin doesn't have to be a gold coin, they can be certificates that are easily exchangeable for gold, but that's the kind of thing that I actually think is happening right now, we're in a fight to the death in the Federal Reserve. some say it is in its final stages.
the fruits of graft part 2   wayne jett   bwl pod 0058
I tend to agree that we have been moving towards that, but that aspect of classical monetary theory is very important, but stable value in money is very vital for another reason in production operations. To be successful you need to have stable prices, so it is not necessary if you have inflation, for example, a producer has to adjust their selling prices on a regular and timely basis in order to raise enough money to buy supplies and produce more. products if you do not make adjustments and any costs and time involved in making adjustments in a timely manner, if you delay, you will not have enough money to have your supplies and support your operation and produce the profits you need in order to make a living, in those circumstances this stable value is needed and I think I can leave it there and move on to the aspects of mercantilism up to the ISM related to international trade.
There was a time, of course, when the mercantilists In the old days, I mean, they basically forbade other countries from selling in their own country because they wanted the private markets for themselves because the King had given them their exclusive monopolies in their own country and they didn't want outsiders to come in and sell and so they promoted wars and that sort of thing, but the Scottish economist Adam Smith and David Hume after Smith encouraged the idea that actually everyone is better off if they can sell internationally , you can improve things here and sell them. in other places and that made a lot of progress, which was important politically because it began to reach the ears of politicians who no longer only listened to the King and that is where we began to have the opening, the vital opening in which the so-called capitalism he was actually able to raise his head and be promoted on the basis that he could really make things prosper, that's what we really had after the Battle of Waterloo,

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icularly in 1815, we started to have tremendous growth, it was just 33 years after Waterloo in 1848.
I think Karl Marx was writing that the miracle of the capitalists is incredible, that the productivity and prosperity of populations had skyrocketed and he listed it in his book on the subject. I think it was Das Kapital or something like that. but he praised the capitalists for the amount of prosperity they were able to obtain. He called them bourgeoisie, the French name given to people who went into business, did their business and became prosperous even though they were not anointed by royalty to do so and that was the boom that also occurred in the United States.
United States, occurred during the 19th century even despite the absolutely horrible war, the civil war, the War Between the States that killed more warriors on both sides and all of our other wars and in the Then we got to the point of having that tremendous 1880 book by Henry George, the Little Journalist, whose newspaper went bankrupt and closed in the 1870s and why it was because Congress had passed a law in 1871 72 I don't have in mind the exact date the law was passed, but they passed a law that says the value of the dollar will go back to what it was in gold before the Civil War, now that means there was something that was going to happen. had been an upward adjustment and the value of the dollar very substantially because it had more or less doubled the price of gold from $20.67 was practically double what it was at that time at least in the 1930s and that is why it was issued a law that says that in 1879 going back to a value of $20.67 the dollar that put in a federal statute a very strong deflation, therefore an increase in the value of each dollar and then what was happening to employers During all that time, producers were producing goods and then having to sell them for less? that the cost of production and they were running out of money the more they produced, the more they lost money and that's why they were going bankrupt like that little Henry George newspaper did and it was a very, very acute depression, the historical coverage of it is really enough. for example, Milton Friedman in the monetary history of the US said it was a very, very acute depression, the depression, he didn't actually call it deflation, which is surprising to me, I think it was because the people who published that book they didn't want to discuss it, so he basically avoided it and even though he readily reported that it was very, very destructive in terms of the number of bankruptcies and people out of work and so on across the country and didn't mention that it was caused by a statute that made it would produce deflation, so then we get the book. in 1880, at the end of that Great Depression, of this little journalist Henry George, who methodically, in a very capable piece of writing, goes over the various theories of why we have so many poor people, what is the cause of poverty, progress and poverty was the name. of this book sold over 2 million copies in the next 20 years after its publication, it is all over the world in many languages ​​and let me tell you with certainty that I don't even fall into the first category, it sold more books in its first year.
The self-published author almost sold well in the last seven or eight and up until last year, so my book almost didn't even make the list, but his was very well written and very convincing in analyzing each of the theories of why we have so much. a lot of poor people, heh, he absolutely demolished the Malthusian theory that poor people have so many children and that it is overpopulation that causes poverty. He goes through each of the other ideas and doesn't go through each of them again right now, but he finishes. What I want to say here is the real reason why we have poverty, the real reason why there is poverty is because, by the nature of humanity, particularly those human beings at the lower end of the standard of living need raw land to be able to work, because if They have some land, not even a lot, but if they have some land that is productive, they can be productive and they can support themselves and they become self-sufficient and they are no longer poor and he said we have so many poor people.
And not only that, but those poor people are the most numerous around the big cities where the rich are and he says that the basic problem is that the rich are buying all the good lands and they are hoarding them, they are taking them away. off the market, they keep it for many years until it becomes more valuable with the growth of the city and then they can make money off of it that way and they prevent the common people from being able to afford it or use it and Of course, the hallmark of that type of practice you will see in England and much of the land of England.
Very good land, but royal property, off limits, it's for hunting, it's for this or that, or for parks or whatever, but he makes those points and then ends up not saying we have to take all the land. , that we have to do this or that, says that his proposal was to eliminate all the taxes that currently exist, taxes on whatever the government needs. to operate and instead of those taxes replace them with a flat tax and that would be a tax equal to the rental value of unused properties, the rental value of undeveloped unused properties, which means that those people who are hoarding large sections of properties would have to pay the full rental value if they are not using it and therefore would not retain it, which would make that property available to thecommon people and you would also get all the money you need to order it. operate the government, that was his solution and then coming to the end, what he said was and is so relevant today in almost a final paragraph, the book right at the end says why we have come to all of these wrong conclusions and analyzing the problems economic development of humanity is because we are guided in all the wrong directions by the influence of a powerful pecuniary force that throughout the world, in every nation, writes the laws and shapes the thoughts;
In other words, he controls public opinion through public expressions, writes the laws and shapes the thoughts in each nation to guide the people in the wrong direction in all important matters of state and he did not say more about that at that time but, Of course, I won't take much time to tell you again that Henry George not only became the best-selling author in the world, but he moved to New York and became the third most respected man in America. Finally a third party convinced him to run for mayor of New York City because the labor movement at the time wanted to try to clean up crime and clean up jobs too.
Otherwise, political crime in New York City and as a result the Democratic Party withdrew. I think he was the House Majority Leader at the time. A very powerful politician. He was also a very rich man. He sold her his steel company. at Carnegie to form US Steel and he converted and ran for that office and in a three man race with the Republicans supporting Teddy Roosevelt, both the steel magnate and Teddy Roosevelt ran hard against Henry George and it looked like Henry George was going to gain. be the winner and, in fact, he was neck and neck between the steel magnate and Henry George, with Theodore Roosevelt being a very slow Pony turning around and Henry George actually accused of fraud in the collection and counting of votes o Would have won. but that was the circumstance at the end of the 19th century and a year later there was the assassination of William McKinley with Theodore Roosevelt as his vice presidential candidate, so he became president.
My opinion is that McKinley was most likely murdered because he was offending the ruling elite. because they wanted imperial war acid, we already fought the Spanish War under McKinley's first presidency and he didn't want to do it anymore, so Theodore Roosevelt was his man and in 1901, right after McKinley, right after Roosevelt took over power, another little book came out that didn't really get much attention for ordinary Americans, but it became what I call the manifesto of the ruling elite that laid out their game plan if it was disguised in a little book that was written by an unknown author at the time. by the name of HG Wells of Great Britain, a commoner who had a sort of elegant education but who until then had only written non-fiction and horror stories, but this book called Anticipations in 1901 earned him an immediate invitation as a guest of honor in Theodore Roosevelt's White House and it was because hidden in a small book that appeared to be nothing more than academic gibberish about populations and how they grow or something of that nature, he was actually expounding the declaration to insiders in the ruling elite of That our plan is that we must act now to completely destroy the middle class, all the people who can support themselves with their own productivity at any level, whether they are very successful or barely supporting themselves .
We want everyone to leave. Because they have taken over this idea of ​​so-called democracy or the republican vote, that they really have the right to elect their own politicians and leaders, we can't take it anymore, we have to go back now to the system of two classes of rulers and those who serve and that is our entire intention and we are going to do it, we have to develop as quickly as we can the means to do it, they established various parts of their apparatus, a deep state or a shadow government behind the national government of all the governments of the world, certainly including the US government, other aspects were a central bank, a network of privately owned central banks to take over the printing of money, they were certainly going to try war, but for the In 2000 they said that their goal should be to be able to learn how to poison the people of the abyss, the people of the world that they did not want, in such quantities that they could actually reach the number of people they wanted, but it was clearly stated that their intention and their The goal was to completely eliminate the middle class throughout the world so that no person who claimed to represent themselves or support themselves could have political power or control of any government, so that has been the experience since 1901 Henry O. hgu Wells, the author of that book, obviously, was just the scribe, it wasn't his ideas that he had in mind, they were telling him these things and when they wrote them down and passed them from hand to hand, like ten, that reception for Henry George in Theodore Roosevelt's White House, Margaret Sanger, the rest of the intellectuals of the so-called Planned Parenthood, it was about doing as many abortions and so on as possible, vaccines, learning to kill people that way, etc., everything this. things were part of that and of course it also arises in the current circumstances, we just had this so-called virus problem which is very much part of that apparatus that is trying to go after people, there are a number of important events in addition to Just what I've described within that time period, obviously, we had the crash of '29, we had the Great Depression, we had World War I and World War II, we had the great influenza, all of these things from 1918, all of these.
The events have been those planned events, there is a lot of evidence of that. I've looked at it and it's great and not in exhaustive detail I think, but in the detail necessary to write it all down with references so people can study it for themselves, it's just not possible. either for the listener or for me to communicate as much as possible in this type of talks that we have, but I do it to try to make people realize that it is something that I think is very worth dedicating time and effort to learn these things. because you simply cannot be fully and well informed and convinced of what the true historical facts are unless you study them carefully and look for them yourself and see the support of the things that I am telling you here orally.
Completely agree with Lane, you've done a great job. I think there are 14 pages of documentation. I've counted them in the past, but you can't. I mean, if you don't know the story. know your history, you know, it's a shame for you if you have the ability to learn history, so I agree with you that you can't do it. None of us can do it orally. A couple of you know episodes, videos online, but let me tell you. that you can you can look at the past and see clearly that his plan continues there are 6,000 years of recorded history and we are just looking at you covered a great job you know you did a very good job covering a correct period of time and we can extrapolate that into what is happening today and without that I mean, it just makes sense if you understand history correctly, you can, in a way, it helps you understand what's happening today, you know, it's not this pandemic that shut down, you know, the middle. small class businesses it's not just a fluke, it's not just accidental, oh, it's just, you know, boom and bust cycles happen from time to time, that's part of the economy, no, no, they're caused, so that's all I'll say, yeah, well, that 14 I think it was probably the footnote lists, yeah, and of the various footnotes in the book, I try to give you my sources to make sure, but I want make it clear, as you said, that people need to know their history.
The real problem, whether it's Americans or people around the world, I certainly can't speak for Americans. My view of the situation is that we have been deprived of the true story. One of the aspects of that 1901 GL plan was to control publishers to ensure that books do not go against our interests, that we do not approve, etc., and both historians and economists. I'm sure I have to point the finger at them that they knew the things I found in my research. surely if they had dedicated their entire career to finding these things they would have found what I found and if they did and didn't report it then they are guilty of misconduct because they are misleading people by leading them down the wrong path and giving them inadequate and inadequate understanding. of what has actually happened, that's a great point now.
I don't want to be too harsh on the listener by saying that you're embarrassed for not knowing your story. History has been rewritten. You know, I think it was Napoleon who. said history there is nothing but agreed upon lies you know the written history so you know the VIC to the victor the spoils go to the victor write the history so I agree that the history the true history has been Hidden diminished rejected rewritten regular That's a good point. I don't want to be harsh on the listener. I want to encourage the listener to go beyond the construct presented because there are real men like you who have done the work that is available if you look for it and that's it.
The general purpose I have is to encourage people to go beyond the construction presented and look with an open mind at history because nothing has changed, it's just a new iteration, it's a new variation and it continues and it's worse than we think . My opinion is so good that we are certainly at a point in history that was largely do-or-death in 2016. I think it's about how concise I can make it and God willing and with his blessing we had a great turn of events. I am completely convinced and our experience since 2016 has certainly pointed out that an outsider was elected as our president and not just an outsider who did not carry the torch of the ruling elite, the globalist cabal, those who want all nations to fail, not just want, they are working for it every day with these shadow governments with their deep state agents.
I think one of the main points that needs to be understood much better is that every nation, like Henry George 7 1880, every nation has this Empire. force trying to pressure him and control his actions, control his ideas, control his understanding and as the 1901 plan said, the plan said it was not just for the US it was for every nation that they were going to have a government in the shadow that gradually weakens and undermines the government in such a way that that government will fail and when that government fails, then it will be taken under complete control by the global elite. and then it will eventually become a global dictatorship where they control everything and certainly, under those circumstances, they would send into the population exactly the few they want left.
We are seeing much more detailed reporting these days than ever about the situation. nature of their operations that have been going on for quite some time and there are reports that those types of operations are being attacked by unreported forces of our government currently and that they are being diverted from underground operations not only in concept but in reality. underground operations that are reported in quantities and of an absolutely shocking nature even in terms of what I have fought in experience or what I have not seen in the past, but these things are being done today even in the presence of this very situation destructive. biological weapons epidemic that has been experienced this year, and yet I believe we are making great progress.
If there's anything at this point you'd like to delve into, I'm not sure how much more time we have. It remains, but maybe we're at about 37 minutes in, so do you feel that Lane sincerely D feels like he's moving forward to roll back the 1901 plan or maybe delay his goals or slow down his progress? Do you think that, no matter how difficult things are? Right now in our country, I would say absolutely 100%. I am fully confident that since the 2016 election, since the 2017 inauguration, we have made tremendous progress to avoid what would come if the election had been reversed.
I agree that I think You could clearly see that in 2017 there was even in the financial world, there was a lot of progress in taking control of the financial aspect of the US and what I mean by that is I think that the federal government would like it. Just like they have taken over healthcare, they would really like to take over the financial services industry, following what they did in the United Kingdom and Great Britain, where financial advice products are only distributed by the big guys, the big ones, the big ones. The wire houses that you know and the small and medium independent financial services companies are being crushed, in my opinion, that is the goal of being taken over just like the health care system was taken over and I think because of the results of The 2016 election that was was stopped or slowed down a lot, so I could see that just by being in thefinancial services there is progress and I appreciate that progress has stopped, it has been hindered, it has slowed down and I am an optimistic person and I hope that more progress can be made. fact but again, you know I'm a realist, these, whatever you want to call them, the global Cabal, the secret elite, they are very skilled at what they are doing and they have done it for a long time and I think they have achieved I think they have achieved a tremendous progress and I think the progress they've made is even Surprise them how easy it was to shut down the world economy through this coronavirus hoax, that's what I call it.
I really think they were probably surprised at how the average individual and even mid to low level bureaucrats and government employees agree to give up their rights. I think I think they were surprised at how easy it was done and I think even when I look at it, I consider Cruzando as in the US the average sheriff who has more power than most law enforcement officials at various levels. I'm pretty disappointed that more sheriffs didn't stand up and say no, we're not going to enforce, you know, these edicts are unconstitutional edicts. It amazes me that at the county level, at the state level, at the city level, at the parish level. level of how elected officials simply agree to destroy the constitutional rights of the individual.
I mean, it surprises me, well, I could say that yesterday I published on my website an article about constitutional rights regarding this so-called epidemic but with respect to where we would be if the 26 Dean's election had gone in another direction, I would like to remember to listeners the events that had occurred before that election, including the purchase of millions of plastic coffins capable of holding I think three bodies each by the Department of Homeland Security, since I remember the purchase of billions of transporting those bullets that are not allowed in international war but purchased by our government in those circumstances, the kind of experience that could have been had we not had the leadership that we have reflects why there has been a tremendous and limitless effort to try to get this president out of office and somehow get him out of office, thieving bitch in the next election, destroy the economy, that's a small detail for the people who make the decisions on this kind of thing, so if It is a very momentous time, despite these dangers that I am drawing attention to, I remain optimistic and believe that we are making great progress even though they have caused some economic disaster. about a lot of Americans these past few months, I think there's a good chance that we can recover from that and hopefully we will have learned a lesson about what these monsters are capable of if they are allowed to exist among us and they have existed for a long time. . gloves for essentially my entire life and longer, so we'll have to.
I certainly believe they existed throughout my parents' lives and so it's been a long struggle, but are we at a turning point in history that could mean all the difference to the kind of world that will exist in the future? and how good it could be for the nations of the world we have become almost tolerant, if not complacent, with the depth of despair and tragedy in so many other nations and we are experiencing some of this and in real terms here ourselves now, all at the hands of these people who deserve to be stopped and that is why my effort is to continue trying to tell what has really happened to people, what our parents and grandparents really had to live and experience. and dealing with that has been twisted to us in terms of what exactly the idea was, for example, that it was only fear itself that kept our people subdued in the Great Depression, is as big a lie as can be told and was made by the man. who was very much at the wheel of starving as many Americans as possible during the Great Depression, you know, Wayne.
I love history. I have been a student of history and never had been until I read cure, but I heard the millions of people starving in the United States of America on purpose and with intention through depression that I had never been exposed to and which I had never heard of and shame on the academics like you said before, you know they had. to discover the truth that they were legitimate students of history researchers, they would have had to discover some of what you discovered, I mean, just so you know, good job on that, I just didn't understand I guess I didn't understand, I mean, yeah . read the classic, you know the common things about FDR and how he was a great leader, you know, and he's really a demigod, but I'm 56 years old now and I've told this story many times when I was in the ninth grade of high school. grade you know you go and sign up for the classes you're going to take, well I was late signing up for classes so I had to take world history and usually you're supposed to take the first year in school secondary. took American history, well I was late, I only took world history, so I was taking it with sophomores and juniors, and then when I was a sophomore I had to take American history, so it was backwards, so I did it.
I remember in my American History class in high school here in North Central Texas, you know, 3540 years ago, a long time ago I read and I had a discussion with the teacher, we are reading the history books and I kept this book of history for a long time after high school, but I was going over the New Deal, you know, a chapter on the New Deal, a couple of chapters later, I was going over communism in the Communist Manifesto and I just pointed out to the teacher that they were almost identical, change a few words from the New Deal.
Deal and the Communist Manifesto were actually the same thing and she idolized it. This is really my first experience with FDR's academic idolization in high school when she got angry and kicked me out of class. She couldn't even go back to that American story. In class I had to show up at the principal's office because I was just pointing out in his history book the similarities between the New Deal and the Communist Manifesto, okay, it was a shame and there is a lot of government pressure on certainly the schools. It's a very controlled issue in terms of what reaches our students, so I strongly encourage parents to learn about this themselves.
Your children won't learn about this unless you learn it and make sure they do it. Schools have that. I had a source who literally identified himself from a Boston higher education institution. I think ten copies of my book and I have to congratulate them for doing it, at least for taking a look, because none of the others know each other and will not enter the classrooms. although I am convinced that my book is readable and understandable for high school students and certainly for college students and is carefully documented in terms of the actions taken by FDR to ensure that there was an absolutely, I mean, we are talking about a deflation . in the American economy that made the 1870s look like child's play when it bankrupted so many people in the 1870s that it reached Friedman's.
I mean, old Friedman I think called it the longest contraction in American history, but it was child's play and compared to the 1930s, because it involved a deflation of the dollar for seven or eight years of around 50%, the deflation imposed by Roosevelt had the dollar at three or four cents on the dollar, five cents at most, so we are talking about ninety-five. percentage of deflation over a period of years that will go on and on, it wasn't just that type of thing, it's reports that you get from real reports from real people of ranchers who have shooters on their properties shooting their cattle, so they die in the fields, so they cannot be brought in as beef cattle and used as food.
Those kinds of things, you know, give a more realistic flavor. We will put it in what our people really live. It is something that must be understood family by family and must be studied carefully because they are points of intellectual understanding that make it very clear that there was not only a hidden intention but that there was a deliberate and planned intention. program to cause poverty in and yet the only reports we received or something like that about Stalin's pogroms and the starvation of the people in Ukraine and so on, etc., if we received that, and even at the time when the newspapers The New York Times were even reporting on the excellent work Stalin was doing on those aspects, oh my goodness, and there's a connection to all of that, yes, oh my goodness, so in any case, I'll be happy to address other things.
If you want or if we can, yes, I think so. I think this is a great place to stop and I think in the next episode we should pick up and continue with the depression and how it was actually planned and the construction because it's so revealing and you're not going to understand it. to the truth now I have seen the truth anywhere else I don't know where else you can go to get to the truth you know in one place you know comparative to what you have done so well what at any given moment is I'm just doing, but maybe Coming closer, in terms of where we are now, he is almost as always the captain of Keynesian economic theories and I believe I have presented clear evidence and the fruits of bribery that John Maynard Keynes crossed over to his father's dark side.
If he had previously been a professor of classical economic theory at the University of Cambridge in England, he took over his father's chair once he was old enough to do so and then, in the midst of the Great Depression, he turned to the dark side and wrote this book. which is totally unworthy of it, it is the praise that the general theory received and he even says at the time that he himself, although he uses examples from the two-volume work on mercantilism or from writings of the author of the main work on mercantilism , said about that author that it was Eli hex or a Swedish economist said that the texture is much more hostile to mercantilism than me this is Kane saying that I am much more friendly to mercantilism than then Heckscher and hector are the authority on mercantilism but a hectare later said, well, Keynes is the guy I was dating with the same analysis as the mercantilist tsar, he just acts like he's for the little guy, yeah, he's just lying about the point that I'm really doing all this for the good of the common working man and when it was exactly the kind of thing that to this day with the Keynesian Federal Reserve their approach to controlling inflation is to destroy jobs by raising interest rates they have this understanding that if people don't have work they can't buy things and that's fine, they could starve, but that drives down the price of goods because they can't afford them now, if that isn't the most outrageous approach to intellectual honesty I've ever seen. the state of affairs in academia in the United States of America today and at the Federal Reserve, so here we go, I'll end with that, there we go, okay, I appreciate you waiting, I like boards, who are you? , our next conversation, thank you.
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