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	<title>Comments on: KEYNES: THE GREAT SLUMP OF 1930</title>
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	<link>http://www.ritholtz.com/blog/2008/12/the-great-slump-of-1930/</link>
	<description>Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media</description>
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		<title>By: KJ Foehr</title>
		<link>http://www.ritholtz.com/blog/2008/12/the-great-slump-of-1930/comment-page-1/#comment-129989</link>
		<dc:creator>KJ Foehr</dc:creator>
		<pubDate>Tue, 02 Dec 2008 03:49:13 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=11447#comment-129989</guid>
		<description>e.g., some of my favorites,

“The true value of a human being can be found in the degree to which he has attained liberation from the self.”

“Only a life lived for others is worth living.”

“Our task must be to free ourselves by widening our circle of compassion to embrace all living creatures and the whole of nature and its beauty.”
 
Albert Einstein

I had a shortened version of the last one put on my family gravestone.</description>
		<content:encoded><![CDATA[<p>e.g., some of my favorites,</p>
<p>“The true value of a human being can be found in the degree to which he has attained liberation from the self.”</p>
<p>“Only a life lived for others is worth living.”</p>
<p>“Our task must be to free ourselves by widening our circle of compassion to embrace all living creatures and the whole of nature and its beauty.”</p>
<p>Albert Einstein</p>
<p>I had a shortened version of the last one put on my family gravestone.</p>
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		<title>By: Mark E Hoffer</title>
		<link>http://www.ritholtz.com/blog/2008/12/the-great-slump-of-1930/comment-page-1/#comment-129918</link>
		<dc:creator>Mark E Hoffer</dc:creator>
		<pubDate>Mon, 01 Dec 2008 22:27:51 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=11447#comment-129918</guid>
		<description>Simon, 

simply, 

do some more study, see: http://www.scribd.com/doc/7732911/Albert-Einstein for an overview of Einstein.  To think that that Man communicated, merely, in &#039;maths&#039;, is obscene..</description>
		<content:encoded><![CDATA[<p>Simon, </p>
<p>simply, </p>
<p>do some more study, see: <a href="http://www.scribd.com/doc/7732911/Albert-Einstein" rel="nofollow">http://www.scribd.com/doc/7732911/Albert-Einstein</a> for an overview of Einstein.  To think that that Man communicated, merely, in &#8216;maths&#8217;, is obscene..</p>
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		<title>By: Simon</title>
		<link>http://www.ritholtz.com/blog/2008/12/the-great-slump-of-1930/comment-page-1/#comment-129874</link>
		<dc:creator>Simon</dc:creator>
		<pubDate>Mon, 01 Dec 2008 21:20:22 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=11447#comment-129874</guid>
		<description>Keynes made very important insights into economics. Einstein used maths to explain his theories. Luckily he happened to be right. Einstein never expected to be read by anyone not well versed in maths and physics. 

Economics is central to everyones lives and yet very few have a grasp on the fundimentals myself included until quite recently. It is commendable that Keynes encourages the lay reader to continue to struggle with the concepts and admits his lack of communication skill.</description>
		<content:encoded><![CDATA[<p>Keynes made very important insights into economics. Einstein used maths to explain his theories. Luckily he happened to be right. Einstein never expected to be read by anyone not well versed in maths and physics. </p>
<p>Economics is central to everyones lives and yet very few have a grasp on the fundimentals myself included until quite recently. It is commendable that Keynes encourages the lay reader to continue to struggle with the concepts and admits his lack of communication skill.</p>
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		<title>By: Mark E Hoffer</title>
		<link>http://www.ritholtz.com/blog/2008/12/the-great-slump-of-1930/comment-page-1/#comment-129726</link>
		<dc:creator>Mark E Hoffer</dc:creator>
		<pubDate>Mon, 01 Dec 2008 12:33:04 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=11447#comment-129726</guid>
		<description>JMK was a brilliant dude, a Political Scientist, at best, never an Economist.

His theories, taken as Economic Principle(s), have destroyed countless Worlds, and, Millions more, Men.

This: &quot;I doubt whether I can hope, in these articles, to bring what is in my mind into fully effective touch with the mind of the reader. I shall be saying too much for the layman, too little for the expert. For—though no one will believe it—economics is a technical and difficult subject. It is even becoming a science. However, I will do my best—at the cost of leaving out, because it is too complicated, much that is necessary to a complete understanding of contemporary events.&quot;

--encapsulates, neatly, at once, his own arrogance, and the centerpiece of the ruse found threading through the body of his &#039;works&#039;.

even Einstein hadn&#039;t a problem explaining his Theories, to anyone inquisitive, enough, to ask, yet Keynes, dealing with topics dealt with by everyone, couldn&#039;t muster the same?

Sure~</description>
		<content:encoded><![CDATA[<p>JMK was a brilliant dude, a Political Scientist, at best, never an Economist.</p>
<p>His theories, taken as Economic Principle(s), have destroyed countless Worlds, and, Millions more, Men.</p>
<p>This: &#8220;I doubt whether I can hope, in these articles, to bring what is in my mind into fully effective touch with the mind of the reader. I shall be saying too much for the layman, too little for the expert. For—though no one will believe it—economics is a technical and difficult subject. It is even becoming a science. However, I will do my best—at the cost of leaving out, because it is too complicated, much that is necessary to a complete understanding of contemporary events.&#8221;</p>
<p>&#8211;encapsulates, neatly, at once, his own arrogance, and the centerpiece of the ruse found threading through the body of his &#8216;works&#8217;.</p>
<p>even Einstein hadn&#8217;t a problem explaining his Theories, to anyone inquisitive, enough, to ask, yet Keynes, dealing with topics dealt with by everyone, couldn&#8217;t muster the same?</p>
<p>Sure~</p>
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		<title>By: Archiphage</title>
		<link>http://www.ritholtz.com/blog/2008/12/the-great-slump-of-1930/comment-page-1/#comment-129721</link>
		<dc:creator>Archiphage</dc:creator>
		<pubDate>Mon, 01 Dec 2008 12:11:06 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=11447#comment-129721</guid>
		<description>&#039;This is an unduly simplified picture of a complicated phenomenon. But I believe that it contains the essential truth. Many variations and fugal embroideries and orchestrations can be superimposed; but this is the tune.&#039;

This is not just &#039;oversimplified&#039;. It is simply dead wrong. If he was right, then why are we still talking about this? The equalities he postulates do not exist, and he is far too casual about applying those ideas across the whole structure of production. Now it seems there will be a whole new raft of opportunity for Keynes to be discredited, and for people to persist in believing in him in spite of all evidence. Each day I become more convinced that most of what passes for political economy is religion in disguise.</description>
		<content:encoded><![CDATA[<p>&#8216;This is an unduly simplified picture of a complicated phenomenon. But I believe that it contains the essential truth. Many variations and fugal embroideries and orchestrations can be superimposed; but this is the tune.&#8217;</p>
<p>This is not just &#8216;oversimplified&#8217;. It is simply dead wrong. If he was right, then why are we still talking about this? The equalities he postulates do not exist, and he is far too casual about applying those ideas across the whole structure of production. Now it seems there will be a whole new raft of opportunity for Keynes to be discredited, and for people to persist in believing in him in spite of all evidence. Each day I become more convinced that most of what passes for political economy is religion in disguise.</p>
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