Completely off-topic. One of these days somebody will have to explain me, very slowly, how Keynes is still appropriate in a post-industrial society that is going to suffer (is suffering) a rather strong shrinkage of its resource base (oil, food, water, general ecosystem, ...).

Because all the Very Serious People are Hooverians. Talking about genuine post-Keynesian economics would make heads explode.

And while we certainly have a more pressing need than in Keynes' times to not strangle our industrial plant by making it overly reliant on non-replenishing resources, it is not easy to see how such improvements can be brought about if we are busy strangling our industrial plant with golden fetters.

(Incidentally, I greatly dislike the term "post-industrial society" - it is usually little more than apologia for a vision of society where we make nothing but hamburgers, create nothing but lawyers and sell nothing but tax shelters.)

- Jake

Friends come and go. Enemies accumulate.