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This conversation occurred several years ago. There was no hostility in my words, just curiosity. The former president took a deep breath and answered with a mixture of honesty and melancholy: Corruption was the way to maintain a certain institutional stability. It was the norm, not the exception. And it happened more or less the same in the rest of the state structure.

Almost all the functionaries who had access to an official budget kept a percentage or raised the prices of services to the public in cahoots with some favorite private entrepreneur who paid them a bribe. That was the social contract: In exchange for that unholy matrimony, peace reigned. This is not surprising.

I have said this before: Douglass North, the great historian of the economy, Nobel Prize winner, and two colleagues described it admirably in A Conceptual Framework for Interpreting Recorded Human History. What is noteworthy is the appearance, for the past two centuries, of some states guided by the law, competition and meritocracy that morally condemn and prosecute illicit enrichment, peculation and collusion between the public sector and the private entrepreneurs intent on fleecing the taxpayers.

That is why, among other reasons, Keynesianism works worst in the limited-access nations. To John Maynard Keynes, famous British economist and great functionary, we owe the dangerous and widespread conjecture that governments, through the modulation of public spending, increasing it almost always or reducing it almost nevercan fight unemployment, promote growth and control inflation permanently.

What more could a dishonest ruler, surrounded by collaborators and accomplices who abusely profited from every transaction they conducted, want than to place all those criminal activities under an intellectual cloak of scientific legitimacy?

They do not steal the resources because they have some professional ethics, but they usually spend them according to their electoral needs. There is simply no common good, only decisions that benefit some people, and those who make the decisions have their own personal interests at heart. When Keynes in the s, after the worldwide Depression was unleashed in the United States in, began to formulate his theories, this one seemed like a reasonable proposition.

Time and experience have not confirmed his predictions. It is not good for nations that respect the law. It is terrible for the others. For Keynes, corruption is one of the worse evils because corruption always destroys the Price System. For any economy to function efficiently, the true value of goods and services must be reflected in their prices and thus any situation where the price departs from value is harmful.

This fact leads to the area where Keynes and Lord Acton overlap. When the government allows powerful business to dominate the government and to steal wealth, corruption becomes worse and worse since more wealthy leads to more power which leads to more corruption.

The results are a Supreme Court which rules that the right of the wealthy to deceive and mislead is an inalienable right on which the State may not infringe. The worst possible thing por Los Corruptadoes en Estados Unidos would be for the nation to follow Keynesian economics. Rather than free enterprise or a mixed economy, they prefer the Keynesian free world of Obama and the tea baggers.

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You can use these tags: Home Info Firmas Press. Scott Zwartz 28 November at 6: This article evidences a significant lack of understanding of everything Keynes wrote.

Leave a Reply Click here to cancel reply. La Mujer del Coronel. Muller Humberto Belli Silvio Rodriguez.

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Time and experience have not confirmed his predictions. It is not good for nations that respect the law. It is terrible for the others. For Keynes, corruption is one of the worse evils because corruption always destroys the Price System. For any economy to function efficiently, the true value of goods and services must be reflected in their prices and thus any situation where the price departs from value is harmful. This fact leads to the area where Keynes and Lord Acton overlap.

When the government allows powerful business to dominate the government and to steal wealth, corruption becomes worse and worse since more wealthy leads to more power which leads to more corruption. The results are a Supreme Court which rules that the right of the wealthy to deceive and mislead is an inalienable right on which the State may not infringe.

The worst possible thing por Los Corruptadoes en Estados Unidos would be for the nation to follow Keynesian economics. Rather than free enterprise or a mixed economy, they prefer the Keynesian free world of Obama and the tea baggers. Mail will not be published required. You can use these tags: Home Info Firmas Press. Scott Zwartz 28 November at 6: This article evidences a significant lack of understanding of everything Keynes wrote.

Leave a Reply Click here to cancel reply. La Mujer del Coronel. Muller Humberto Belli Silvio Rodriguez. Oostende heeft naast het Kursaal nog veel andere leuke activiteiten te bieden. Het hele jaar door zijn er verschillende festivals, paardenkoersen, wandelingen, vuurwerk HIER vind je een overzicht van enkele leuke activiteiten in Oostende.

Monacoplein Oostende Routeplanner. De gemeente werd niet gevonden. Gelieve de schrijfwijze te controleren. De straat werd niet gevonden. Het huisnummer werd niet gevonden.

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