Lester Golden
Jul 17, 2024

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Since he was the best investor of his generation--12% CAR from 1921-46 managing the Oxbridge endowment Chest Fund--I'm a Keynesian. That Hayek erroneously predicted a return to depression in the early post-WWII period and played footsie with the murderous Pinochet only reenforces this conclusion. Just ask a simple question: who would you hire to manage your money, forex trader and fund manager Keynes, or Freddie the aberrant Austrian forecaster bringing you boom era FOMO?

https://ljgolden55.medium.com/zombienomics-or-nikki-haleys-day-of-debt-reckoning-c63ac5e3635d

But an even better way to teach non-economists the difference is the rap video debates between them: https://www.youtube.com/results?search_query=keynes+vs+hayek

The unlikely bedfellows Keynes, Soros and Hobsbawm all reached the same conclusion for different reasons. As a nearly lifelong self-employed capitalist and academic I reached the same conclusion via a different path.

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Lester Golden
Lester Golden

Written by Lester Golden

From Latvia & Porto I write to share learning from an academic&business life in 8 languages in 5 countries & seeing fascism die in Portugal&Spain in1974 & 1976.

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