O verdadeiro pecado de Keynes
Keynes’ real sin, and his most radical element, is that he saw the credit relationship in morally neutral terms. For him, lending and borrowing was not about vice, virtue or any other theological category. It was simply a means, sometimes well-undertaken, sometimes not, for shifting resources to better uses, meeting human needs and promoting the development of economic life. From The Economic Consequences of the Peace to the Bancor plan, Keynes called for a balanced, burden-sharing approach to credit crises: lenders and borrowers alike should adjust to cast off the effects of a bust and make possible a return to growth. The wealth of the creditors may give them more clout, but there is no reasonable basis for the argument that those who borrowed foolishly must be squeezed to the limit, while those who lent foolishly should be made whole. (aqui)
