House of Paine

lord tooth fairy revisited

raisin keynes :

 this guy 
was "the last useful liberal"
                the last
                elitest burger
              wageheads'  
                could rightly
      call "a klass 
             tooth fairy"

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as i await 
the  drag lite
to flash green 

and we brave but blind little market mice
          can at long last
                        get it on 

i mean
  of course   

"the new 
       bolder adventures
                   of 
            three    marketeers "

 i've been reading a little keynes bio
to pass the time

some keenish clip outs 
 follow 
---------------------------------
on marshall :

“too little willing
 to cast his half baked bread
 apon the waters 
to trust 
in the efficacy
 and co-operation
     of many minds 
and to let the world
draw from him 
what sustenance 
it could”

‘he was conspicuously
historian amd mathematician”

on role of theeconomist:
“pluck the day
fling pamphlets to the wind
write always
sub specie temporis
and achieve immortality by accident”


on hicks :

“  he seems able to decant
the most interesting subjects of all their content
and  produce something so thin and innocuous
as to be almost meaningless  ...
he writes about nothing whatever....
Simple things are made
 to appear very difficult
and complicated
and the emptiest platitudes
paraded as generaliisations of vast import 
A MOST QUEER PROCEEDING ”

“his  writing
 as a clever man
is ever  free of points  
 open to specific criticism
and yet a real miricle  remains

the results are utterly empty

iinvariably  leave his work
 not one penny the wiser 
about anything   ”



on crisis

“nine times out of ten
nothing really serious  happens...

but always
 we run  a risk 
that this time 
is that  tenth time 
when all that is new
and deadly
sudden   roars out at us ...

and whats more 
we are stupid
 into the bargain
if we continue to apply 
the principles of the last age 
to the problems of today ”


on top management 
of the international financial system:

“the treasury view
with its dependence on pure chance
its public”faith”
in”automatic processes”
and its general regardlessness
of social detail
is an essential emblem
and idol
of those who sit 
in the top tierof the machine
i think they are
both  immemsely rash
and  cynically callous 
 in their vague “ public” optimism
as they 
in personal  security and comfort
  play dice with  the fate of others ”

onvictorian economic policy:

“instead of using their vastly increased material
wealth and technical resources to build a wonder-city
her at home
they built slums and they found it right and advisable 
to build slums because slums “paid”
whereasthe wonder city was an act of foolish extravagance 
which in the imbecilic idiom of the financial fashion
“mortgage the future “
though how the building
 of great and glorious works
 can impoverish the future 
no man can see
until his mind is beset
by false analogies
from an irrelevent accountancy ...”

“the concept of the state
 as a sort of joint stock company 
 must be discarded”

“we are hag ridden
 by a perverted theory of the state ”

ovrseas investment defaults 

“default here
the creditor 
or the debtor or both 
may well be  out 
but 
the nation  still has
 what real structures 
this  capital 
 paid for
default over there
and 
we  all  are less
since 
 not one 
 of uz has anything  ”



on germany  jan 1932
         mired
      in   deepest  pre nazi slump:

" Hamburg living in stupor 
many miles of ships
laid up silent
in its harbour
with the elaborate
traffic control
 of a great city
but no traffic to be seen

 this is a symbol 
of germany
under great deflation

a worse visitation 
if it is to be conrtinued
then even 
the great inflation
was a few years ago

Germany today
still spick and span as ever 
is like 
a beautiful machine
at a standstill

ready to spring to life
at the press
 of a button

but meanwhile 
inanimate

but while the machine sleeps
its crew can not sleep"

"too mant people today in germany
have nothing to look forward to
nothing except "a change"
 something wholly vague and wholly undefined
but a change..."

american"public opinion " :

"a voice speaking with directness and candor 
to the citizens of America
may lead them to discover
that infact they hold no such opinions as each
is atributing to the others"


""never take 
the advice of an american
as to how to behave to americans"


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