"The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back. There are not many who are influenced by new theories after they are twenty-five or thirty years of age, so that the ideas which civil servants and politicians and even agitators apply to current events are not likely to be the newest." --- John Maynard Keyescomment: no one "likes" the idea of printing up money but you would not like the alternative. Recall that very little was done after the crash of 1929; this resulted in a decade of hobos (homeless men looking for work), soup kitchens, and people wearing signs reading "will work for food"
Current Items: continued here (more sciency stuff)