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Economic Lies and Cuts NOVEMBER 28 2010

Economic Lies and Cuts NOVEMBER 28 2010

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Published by Richard Drayton
This presentation "Economic Lies and Cuts: What you are fighting (for)' was given by Richard Drayton to the Cambridge Occupation of Old Schools: part of the national/global campaign against cuts to education and student fees
This presentation "Economic Lies and Cuts: What you are fighting (for)' was given by Richard Drayton to the Cambridge Occupation of Old Schools: part of the national/global campaign against cuts to education and student fees

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Published by: Richard Drayton on Nov 28, 2010
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11/30/2010

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economic lies and cuts: what youare fighting (for)
Richard Draytonto Cambridge Occupation of OldSchools, November 28, 2010
debt to GDP ratio? price vs. yield? collateralised bond obligations? credit default swaps?money supply? commodity vs. asset inflation? quantitative easing? liquidity trap? theparadox of thrift?
Practical men, who believe themselves to be quite exempt from any Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct intellectual influence, are usually the slaves of some defunct economist´ (KEYNES)economist´ (KEYNES)
 
three kinds of economic lies
(1) that ³the publiccoffers are empty´(2) that cuts to publicservices arenecessary(3) that cuts are therational solution to acrisis

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