Word: maynard
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Dates: during 2000-2009
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...Canadian money-management firm DundeeWealth. Gold's big attraction as a pillar of the global monetary system is that it isn't beholden to national politics. The downside is that its supply increases fitfully, with no regard for the state of the world economy. That's why John Maynard Keynes called the gold standard a "barbarous relic," and why you won't find anyone outside the goldbug fringe calling for a full return to the gold standard now. But a partial return, in which central banks hold gold as a hedge against financial turmoil (the Reserve Bank of India just...
...bets, taking stabs at public-works projects and farm subsidies while also rolling out balanced-budget initiatives. When a British economist visited the White House in 1934 saying deficit spending was the best engine to boost consumer demand and create jobs, Roosevelt balked. (Two years later, the economist - John Maynard Keynes - published that advice in his seminal work, The General Theory of Employment, Interest and Money, which revolutionized economic thought by debunking the widely held belief that the market naturally tends toward full employment.) (See what Obama can learn from...
Individual schools showed enormous variation. Amigos, Fletcher-Maynard, Haggerty, Morse, and Tobin School all reported that over 60 percent of their students come from low-income families. Baldwin, Graham and Parks, and King Open all had above 60 percent of students coming from high-income families...
...course, the ideas of John Maynard Keynes are also behind the auto-industry bailouts, new financial regulations and public investments pushed by the Obama Administration. The difference is both in the details and the big picture: not only do specific national economic policies in Europe tend to still trail those of the U.S. on the free-market curve, but there is also a lingering ingrained suspicion about capitalism itself...
...unbridled neo-liberalism of the U.S. nor the failsafe job protection of France, Germany and Italy. It's a policy born in Denmark, dubbed "flex security," which keeps the cost of layoffs low for employers and the benefits (including retraining services) high for those laid off. Perhaps both John Maynard Keynes and Ronald Reagan would approve...