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	<title>Steve Baker MP &#187; Keynes</title>
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	<link>http://www.stevebaker.info</link>
	<description>One life. Live it.</description>
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		<title>Hayek&#8217;s neglected truths about credit, capital and the trade cycle</title>
		<link>http://www.stevebaker.info/2012/01/neglected-truth/</link>
		<comments>http://www.stevebaker.info/2012/01/neglected-truth/#comments</comments>
		<pubDate>Sat, 07 Jan 2012 10:07:41 +0000</pubDate>
		<dc:creator>Steve Baker</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Credit]]></category>
		<category><![CDATA[Economic Cycle]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[Hayek]]></category>
		<category><![CDATA[Keynes]]></category>
		<category><![CDATA[Money]]></category>
		<category><![CDATA[Wolf]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/?p=10530</guid>
		<description><![CDATA[Last night, I caught up with Martin Wolf&#8217;s November programmes for Radio 4 Analysis, which you can find here. He offered a predictable blend of commentators calling for more money printing, world central banking and greater global governance. It prompted me to look out Monetary Theory and the Trade Cycle (1933). Hayek wrote (emphasis mine): ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Autumn Statement chart of the day: tax and spending</title>
		<link>http://www.stevebaker.info/2011/12/autumn-statement-chart-of-the-day-tax-and-spending/</link>
		<comments>http://www.stevebaker.info/2011/12/autumn-statement-chart-of-the-day-tax-and-spending/#comments</comments>
		<pubDate>Mon, 05 Dec 2011 08:00:00 +0000</pubDate>
		<dc:creator>Steve Baker</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Capital]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[Fiscal policy]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[Keynes]]></category>
		<category><![CDATA[Mises]]></category>
		<category><![CDATA[Prosperity]]></category>
		<category><![CDATA[Saving]]></category>
		<category><![CDATA[Statism]]></category>
		<category><![CDATA[Tax]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/?p=10362</guid>
		<description><![CDATA[The economic facts behind the Autumn Statement, in as far as they are known or forecast, are available in the Economic and Fiscal Outlook from the Office for Budget Responsibility. Table 4.7 provides forecast current receipts. Table 4.18 provides total managed expenditure. So, here&#8217;s a chart of current receipts (i.e. tax) and total managed expenditure (i.e. ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>People&#8217;s Pledge Congress tomorrow</title>
		<link>http://www.stevebaker.info/2011/10/peoples-pledge-congress-tomorrow/</link>
		<comments>http://www.stevebaker.info/2011/10/peoples-pledge-congress-tomorrow/#comments</comments>
		<pubDate>Fri, 21 Oct 2011 16:39:24 +0000</pubDate>
		<dc:creator>Steve Baker</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[EU Europe]]></category>
		<category><![CDATA[Ideas]]></category>
		<category><![CDATA[Keynes]]></category>
		<category><![CDATA[People's Pledge]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/?p=10065</guid>
		<description><![CDATA[I look forward to speaking on the Euro crisis tomorrow at the People&#8217;s Pledge Congress. In preparing, I rediscovered this: &#8230;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 ]]></description>
		<wfw:commentRss>http://www.stevebaker.info/2011/10/peoples-pledge-congress-tomorrow/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>BBC Radio 4 Programmes &#8211; Keynes Vs. Hayek</title>
		<link>http://www.stevebaker.info/2011/08/bbc-radio-4-programmes-keynes-vs-hayek/</link>
		<comments>http://www.stevebaker.info/2011/08/bbc-radio-4-programmes-keynes-vs-hayek/#comments</comments>
		<pubDate>Fri, 05 Aug 2011 07:51:14 +0000</pubDate>
		<dc:creator>Steve Baker</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Debate]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[Hayek]]></category>
		<category><![CDATA[Keynes]]></category>
		<category><![CDATA[LSE]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/?p=9848</guid>
		<description><![CDATA[What caused the financial mess we&#8217;re in? And how do we get out of it? Two of the great economic thinkers of the 20th century had sharply contrasting views: John Maynard Keynes believed that government spending could create employment and longer term growth. His contemporary and rival Friedrich Hayek believed that investments have to be ]]></description>
		<wfw:commentRss>http://www.stevebaker.info/2011/08/bbc-radio-4-programmes-keynes-vs-hayek/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Parliament, the EU, Keynes and Hayek</title>
		<link>http://www.stevebaker.info/2011/04/parliament-the-eu-keynes-and-hayek/</link>
		<comments>http://www.stevebaker.info/2011/04/parliament-the-eu-keynes-and-hayek/#comments</comments>
		<pubDate>Thu, 28 Apr 2011 11:13:09 +0000</pubDate>
		<dc:creator>Steve Baker</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Austrian School]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[EU]]></category>
		<category><![CDATA[Hayek]]></category>
		<category><![CDATA[Ideas]]></category>
		<category><![CDATA[Keynes]]></category>
		<category><![CDATA[Parliament]]></category>
		<category><![CDATA[Society]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/?p=9319</guid>
		<description><![CDATA[Last night in debate, Keynes and his disciples were invoked and rebutted in relation to EU economic surveillance. One Labour MP wanted to print the money we need&#8230; Today, via The Cobden Centre, I find EconStories have followed up their superb Keynes vs Hayek rap, Fear the Boom and Bust, with Fight of the Century. From the ]]></description>
		<wfw:commentRss>http://www.stevebaker.info/2011/04/parliament-the-eu-keynes-and-hayek/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Debauching the Currency</title>
		<link>http://www.stevebaker.info/2010/09/debauching-the-currency/</link>
		<comments>http://www.stevebaker.info/2010/09/debauching-the-currency/#comments</comments>
		<pubDate>Wed, 22 Sep 2010 06:09:12 +0000</pubDate>
		<dc:creator>Steve Baker</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[Keynes]]></category>
		<category><![CDATA[Lenin]]></category>
		<category><![CDATA[Money]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/?p=8071</guid>
		<description><![CDATA[In the course of writing a presentation on bank reform, I rediscovered this from Keynes&#8217; The Economic Consequences of the Peace: Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important ]]></description>
		<wfw:commentRss>http://www.stevebaker.info/2010/09/debauching-the-currency/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Speech in the budget debate</title>
		<link>http://www.stevebaker.info/2010/06/speech-in-the-budget-debate/</link>
		<comments>http://www.stevebaker.info/2010/06/speech-in-the-budget-debate/#comments</comments>
		<pubDate>Wed, 23 Jun 2010 08:31:02 +0000</pubDate>
		<dc:creator>Steve Baker</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Deficit spending]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[Hayek]]></category>
		<category><![CDATA[Keynes]]></category>
		<category><![CDATA[Pensions]]></category>
		<category><![CDATA[Popper]]></category>
		<category><![CDATA[Wycombe]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/?p=7651</guid>
		<description><![CDATA[Steve Baker (Wycombe) (Con): When I came to the House today, I expected to hear a great deal of Keynesian argument and I have not been disappointed. I am sorry that the hon. Member for Great Grimsby (Austin Mitchell) is no longer in the Chamber, as I wanted to congratulate him on his comprehensive grasp ]]></description>
		<wfw:commentRss>http://www.stevebaker.info/2010/06/speech-in-the-budget-debate/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hayek v Keynes</title>
		<link>http://www.stevebaker.info/2010/01/hayek-v-keynes/</link>
		<comments>http://www.stevebaker.info/2010/01/hayek-v-keynes/#comments</comments>
		<pubDate>Tue, 26 Jan 2010 18:25:26 +0000</pubDate>
		<dc:creator>Steve Baker</dc:creator>
				<category><![CDATA[Fun]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[Hayek]]></category>
		<category><![CDATA[Keynes]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/?p=6692</guid>
		<description><![CDATA[Via www.zerohedge.com and econstories.tv, the choice in economics explained through the medium of music: See also Banks, economic interventionism and the cause of the credit crisis Now it’s looking like V for victory over recession]]></description>
		<wfw:commentRss>http://www.stevebaker.info/2010/01/hayek-v-keynes/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Crass Keynesianism</title>
		<link>http://www.stevebaker.info/2009/12/crass-keynesianism/</link>
		<comments>http://www.stevebaker.info/2009/12/crass-keynesianism/#comments</comments>
		<pubDate>Thu, 24 Dec 2009 12:02:22 +0000</pubDate>
		<dc:creator>Steve Baker</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Austrian School]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[Keynes]]></category>
		<category><![CDATA[Recession]]></category>
		<category><![CDATA[Recovery]]></category>
		<category><![CDATA[Savings]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/?p=6578</guid>
		<description><![CDATA[This article originally appeared at cobdencentre.org. Via Thrifty families accused of prolonging the recession &#8211; Times Online, yet more crass Keynesianism: Anxious families are repaying debts instead of spending in the shops, amid concern over the uncertain economic outlook. The share of income saved in banks and building societies has risen to its highest level ]]></description>
		<wfw:commentRss>http://www.stevebaker.info/2009/12/crass-keynesianism/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Presentations of capital-based macroeconomics</title>
		<link>http://www.stevebaker.info/2009/05/presentations-of-capital-based-macroeconomics/</link>
		<comments>http://www.stevebaker.info/2009/05/presentations-of-capital-based-macroeconomics/#comments</comments>
		<pubDate>Wed, 27 May 2009 11:47:13 +0000</pubDate>
		<dc:creator>Steve Baker</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[Hayek]]></category>
		<category><![CDATA[Keynes]]></category>
		<category><![CDATA[Powerpoint]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/?p=4998</guid>
		<description><![CDATA[Though not for the faint-hearted, this first-class Powerpoint presentation of capital-based macroeconomics &#8212; based on Roger Garrison&#8217;s &#8220;Time and Money&#8221; &#8212; provides helpful animations explaining how the structure of production changes in response to saving and investment. It shows how malinvestment and overconsumption arise. The original home of these presentations is here, but they have also ]]></description>
		<wfw:commentRss>http://www.stevebaker.info/2009/05/presentations-of-capital-based-macroeconomics/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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