Keynes Versus Hayek: The Fight Of The Century In Japan

   Many people throughout the world attend sporting events.  Many sporting events have systems in place to declare a winner.  In the U.S. there is a series of playoff games that leads to a final clash of the two greatest teams.  The NFL has a Superbowl where the winner is ” crowned ” as the best team of the year. 

   In 2015, there will be a clash between two competing economic ideas.  The event will occur in Japan between the economic ideas of John Maynard Keynes and Friedrich von Hayek. 

   In 1944, an Austrian emigre living in England published a book that became one of the great classics of economic literature.  In a book titled ” Road To Serfdom, ”  Hayek argued that the extention of central planning by a government is the start of growth constraints on individual liberty and will eventually lead to either a fascist or communist tyranny.

   While Keynes and Hayek were friends, the writings of Hayek contradicted the writings of Keynes.  Supporters of Keynes believe that Keynesian economics brought an end to The Great Depression in the U.S.  Supporters of Hayek dispute this assumption. 

   Today in Japan there begins a clash between the ideas of Keynes and Hayek.  Japan is an archipelago of 6,852 islands.  The four largest islands are: 1) Honshu, 2) Hokkaido, 3) Kyushu, and 4) Shikoku.  Japan has the world’s tenth largest population in excess of 125 million people.  Until very recently Japan had the world’s second largest economy and was second only to the U.S.  The economy of Japan has had some problems.  Just as the U.S. has the Federal Reserve System to act as our Central Bank, Japan also has a Central Banking System. 

   Japan has a massive amount of debt.  Japan’s debt is excessive in terms of the per capita debt level and also in terms of debt in relation to the Gross Domestic Product of Japan.  The Central Bank of Japan and the Japanese government took economic action.  Clearly there was a choice between the economic ideas of Keynes and the economic ideas of Hayek.  The Bank of Japan (BOJ) clearly made a decision to follow the ideas of Keynes and increased their debt and began to print money that was not backed by real GDP growth. 

   If at the end of 2015, Japan is economically strong, this will prove beyond a reasonable doubt that the ideas of Keynes were correct.   At the end of 2015, if Japan is bankrupt or in an economic crisis, this will prove beyond a reasonable doubt that the ideas of Hayek were correct.  The fight may be observed by observing the net gain or loss of individual wealth in Japan.  Also, the fight may be observed by looking closely at how the Japanese currency moves on the international money markets.  If the Japanese Yen increases in value against most of the other currencies of the world, score points for John Maynard Keynes.  If the Japanese Yen decreases in value against most of the other currencies of the world, score points for Hayek. 

   There can be only one winner.  The Japanese people and the BOJ have their money on Keynes.  The international markets and the shifts in wealth are yet to be determined.  May the best idea win.  Will it be Keynes or Hayek?

                                                  R. Van Conoley

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Senator Elizabeth Warren Speaks

    On Thursday afternoon, December 11, 2014, Senator Elizabeth Warren spoke on the floor of the U.S. Senate against a provision in a bill that would have allowed big banks to engage in risky trades backed by taxpayer money.  The section of the bill that Warren spoke against was written by Citigroup.

   Since Citigroup does not have a seat in the U.S. Senate, it is extremely important for all law abiding Americans to learn exactly how this nefarious provision got into the bill.  It is not enough to remove this immoral provision. It is important for Americans to learn exactly which U.S. Senators allowed and/or assisted in adding this provision. 

   Do members of the U.S. Senate have the courage to investigate the U.S. Senate and name those responsible?

                                   R. Van Conoley

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73 Years Ago On This Date

   Seventy-three years ago, American Forces were attacked at Pearl Harbor.  The American People can not fully express our everlasting appreciation to the men and women who fought and died to keep our country free. 

      R. Van Conoley, December 7, 2014

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Who Does Not Like Israel ?

   I have wondered for a long time how citizens of the U.S. and citizens throughout the world viewed Israel.  I believe that the U.S. media is biased and does not report the news in a fair and just manner.  Therefore, I carefully read an article published about a poll conducted by the BBC ( British Broadcasting Corporation. ) The BBC poll asked a question that was worded in the following manner : Do you view Isreal’s influence on the world as 1) mainly positive or 2) mainly negative ?

   A majority of Americans viewed Israel favorably, but not by much.  In the U.S., 41% of respondents viewed Israel as mainly positive while 39% viewed Israel as mainly negative.  China had a 42% positive view and a 42% negative view.  Interestingly, Israeli residents had only a 22% favorable view and a 50% unfavorable view !

   Additional polling in the U.S. was conducted by age and by political party affiliation.  The poll question was as follows : Do you view Israel’s actions in recent conflicts as 1) Justified or 2) Unjustified ? In the 18 to 29 year old age group, the vast majority viewed Israel’s actions as unjustified.  In the 30 to 49 year old age group, the majority viewed Israel’s actions as unjustified.  In the age 50 and above group, the majority viewed Israel’s actions as justified. 

   Finally, the above question was asked and the results were tabulated by political parties.  A majority of republicans viewed Israel’s actions as justified.  A majority of democrats viewed Israel’s actions as unjustified.  A majority of independents viewed Israel’s actions as unjustified. 

   Israel’s supporters state that there is rampant anti-Semitism in Europe.  A survey released by the Anti-Defamation League stated that 34% of East Europeans and 24% of West Europeans harbored anti-Semitic views.  Some of the Israeli government critics stated that the highliting of anti-Semitism in Europe is designed to excuse the Israeli abuse of human rights. 

                                                           R. Van Conoley

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18 Trillion Dollars

   On December 2, 2014, the National Debt of the United States reached and then passed the 18 Trillion dollar level.  This level of debt equals $ 153,729.00 for each individual taxpayer.                   R. Van Conoley

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James Webb For President In 2016

   During the past twenty-five years, there has been only one individual elected to the U.S. Senate who had all of the right characteristics to be president.  That individual, in my view, was James Webb.  I greatly admire Webb as an honest man, a man of high integrity, and a man of intelligence. 

   James Webb was elected to the U.S. Senate from Virginia.  Mr. Webb was a combat marine and he received the Navy Cross.  He was also awarded the Silver Star and a Purple Heart.  Mr. Webb was an assistant secretary of defense and Secretary of the Navy.  Mr. Webb is the author of ten books and is an Emmy Award winning journalist. 

   Now, in 2014, Mr. Webb is a candidate for the Democratic Party’s nomination for president.  I have always believed that our country is more secure when our president has served as a combat veteran.  I support Mr. Webb as the only qualified candidate for president in 2016.  James Webb can return America to a Constitutional Republic founded on laws that serve all of our citizens and promote justice. 

                                       R. Van Conoley

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Handle Yo Bitches

   Raymell ” Ray ” Rice was an NFL player whose contract was terminated by the Ravens on September 8, 2014.  Rice was arrested and indicted for third-degree aggravated assault on March 27, 2014, relating to an incident where he punched his then fiancee, now wife, in the face.  The punch was so forceful that his fiancee, now wife, was knocked unconscious. 

   The NFL and the Ravens took stronger actions against Rice after a video of this tragic assault was released into the public domain. has received a National Security Agency audio intercept of Ray Rice speaking to a group of high school football players at a ” Football Clinic ” for future NFL hopefuls.  This is NSA Intercept N-078462-NV-37. 

   ” Good afternoon.  I am Ray Rice and I am the final speaker at today’s clinic for future NFL players.  This morning, you heard a discussion of defensive football strategy.  This afternoon you heard a discussion of offensive football strategy. Well, I be the final speaker and they saved the best till last. But let me tell you, if you to make it in the NFL, you gots a lot more to know than football strategy. 

   ” One of the things that you gets when signing with the NFL is a boatload of money.  I talking real big money here.  All that money allow you to meet many womens. Sho some be attracted to your money, but yo gots a lot to go around. 

   ” Now if you be a real man like me, you can handle a lot of womens.  I want to be clear here that I am talking about all the pussy you can handle.  I want a show of hands how many of you had some pussy in the last six months.  All right, now a show of hands of all of you who have had some pussy in the past year. 

   ”  You in the green shirt in the back, you be the only mans that did not raise his hand.  That mean to me that you some kind of faggot. You probably not like womens.  You go on and get out of here boy ! Ray don’t like to talk to faggots !

    ( Sound of door opening and closing. ) 

   ” Now that we got only real men here now, I want to talk in more depth about pussy.  I call it pussy, but some of you call it nookie, cunt, twat, or puntang.  It mean the same thing. 

   ” Now each of you can have at least one woman in Philadelphia, Miami, Los Angeles, Detroit, Cincinnati, and even Kansas City.  But with that many womens, yo got to know how to keep yo bitches in line.  You not careful, these bitches will try to take over and keep you from seeing other bitches. 

   ” So now I am going to show you a short video where I let my fiancee know that I am the man !  Roll the tape Chuck.  ( Pause of 40 seconds. ) Now you saw in that video that you just watched that my fiancee and I be on an elevator.  You notice how she stepped up and got in my face.  You notice that I don’t argue.  I just laid a solid right hook on her head and she was out cold !

   ” All right.  Now that you knows how to handle yo bitches, I will respond to some of your questions that you placed on cards.  The first card asks about NFL players who have been arrested. 

   ” It turns out that a whole lot of NFL players have been arrested.  It was just my bad luck to be on a video.  Here are some of the players arrested and most are still playing because the NFL more important than the law.  They is: 1) Shonn Greene, 2) John Boyette, 3) Joseph Randle, 4) Tom Johnson, 5) Derrick Shelby, 6) Jonathan Dwyer, 7) Spencer Ware, 8) Ray McDonald, 9) Quincy Enunwa, and 10) Le’Von Bell.  They be a whole bunch more, but I want to talk about a guy named Michael Vick.  Vick was in the NFL and was a great quarterback.  He got arrested for illegal interstate dog fighting.  The feds found him guitly and sent him to jail.  He back playing for the NFL now. 

   ” That is all the time I got available.  I have to catch a jet to the Middle East.  I have been selected as ” Man of The Year ” by ISIS. ”

        Written by Jonathan Swift

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   With almost all of the election results tabulated, it appears that the total level of corruption and gross incompetence existing in the U.S. Congress remains unchanged.  In 2015, our corrupt congress will have a few more republican crooks and a few less democrat crooks.  However the total lack of common sense, integrity, and worthwile ideas that came from congress in 2014 is expected to continue in 2015. 

   Also the print and electronic media appear to be even more biased toward new forms of psychotic idealism rather than objective facts and rational analysis.  So what is a sane and sensible individual to do ?

   David Stockman, author of THE GREAT DEFORMATION, offers a free newsletter that all sane and sensible individuals should read.  Just type into your computer and enter a sane world where rational analysis replaces Wall Street delusions and financial nonsense.  In my view, Mr. Stockman is the author of the finest prose that can be found in the English language !

   The following is a quote from one of Mr. Stockman’s recent articles titled:  ” The BOJ Jumps the Monetary Shark. ”   Mr Stockman writes: ” This is just plain sick.  Hardly a day after the greatest central bank fundraiser of all time, Maestro Greenspan, confessed that QE has not helped the main street economy and jobs, the lunatics at the BOJ flat-out jumped the monetary shark.  Even then, the madman Kuroda pulled off his incendiary maneuver by a bare 5-4 vote.  Apparently the dissenters – Messrs. Morimoto, Ishida, Sato, and Kiuchi – are only semi-mad…. ”

   This is David Stockman writing Stockmanomics at its best !

                                                     R. Van Conoley

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Who Elected The Florida Press Association ???

   On Wednesday, October 22, 2014, I returned home from the bookstore.  I talked with my wife for a few minutes and then turned on our TV to check the Asian markets.  Since the Asian markets were as I suspected, I changed the station to the next channel.  Next to the business channel is a public service channel that I and about five other individuals watch. 

   On the public service channel was a replay of a debate for the governorship of South Dakota.  To my great surprise, there were three candidates in the debate.  There was the usual democrat crook who blamed the republican crooks for everything that was wrong.  There was the usual republican crook who blamed the democrat crooks for everything that was wrong.  Then there was an independent candidate who had some solid ideas and many sane and sensible solutions. 

   In the Rick Scott-Charlie Crist debates, the independent candidate was excluded.  By what right does the Florida Press Association have to exclude any registered candidates from a public debate broadcast over the electronic media?  The exclusion of candidate Adrian Wyllie was immoral.  I sincerely hope a third party candidate is elected to the office of Attorney General.  An honest Attorney General could investigate how the democrat crooks and the republican crooks got the Florida Press Association to do their dirtywork for them. 

   Once again, endorses Mr. Adrian Wyllie for governor.  Unfortunately the Florida Press Association decided that Mr. Wyllie could not be in the debate so the citizens of Florida did not have a fair and reasonable chance to hear Mr. Wyllie.  Where is the outrage? This clearly is not in keeping with the U.S. Constitution.  This is a public disgrace !

                                         R. Van Conoley

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Keep Those Letters Coming In

This website is ” presented ” by a company and I had someone help me set it up some years ago.  The website is very well read.  Unfortunately, this website has one major drawback.  It is extremely difficult for readers to send in ”Letters To The Editor. ”  The man you love, the man you hate, the man you can not live without, Mort Culligan, suggested to me that I set up an ” easy” e-mail address so people could send in comments.  Besides being a viper tongued foe of just about every tax, Mr. Culligan is an extremely intelligent man. 

Here is the address of a website where any reader may easily submit a ” Letter To The Editor” and give YOUR opinion.  Send e-mails to :  Please sign your real name and enclose a phone number and address for verification.  Neither your phone number nor your address will be published on the website. 

Individuals with opposing opinions are welcome.  Write in to support your candidate.  Please limit comments to one typed page. 

                        R. Van Conoley ( Editor of .  Letters sent to will be reprinted on the website )

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