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The Forum > Article Comments > Three men who saved the world > Comments

Three men who saved the world : Comments

By Nicholas Gruen, published 22/6/2005

Nicholas Gruen describes some of the achievements of Winston Churchill, John Maynard Keynes and Alan Turing.

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As Chancellor of the Exchequer in 1925 Churchill returned Britian to the Gold Standard. This was a fantastic initiative and certainly better than the folly that preceded him. However at the gold price he chose the pound sterling immediately became severely expensive. In effect Churchill induced a sever and prolonged cycle of monetary deflation across the British Empire which contributed in no small part to the great depression.

Keynes was the father of modern Inflation. It would have been better that his book was never written. If the IMF would stop pedling its Keynesian poison of austerity (high taxes) and devaluations (inflation) then the poorest nations in the world might actually adopt some useful economic policies that help their people rather than hindering them.

http://en.wikipedia.org/wiki/Gold_Standard#Gold_Standard_from_peak_to_crisis_.281901.26ndash.3B1932.29

Turing was brilliant
Posted by Terje, Wednesday, 22 June 2005 10:00:55 AM
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Alan Turing was not only the Father of computing but also the father of artificial intelligence. His papers still form the basis of AI today. He died well ahead of his time because of his sexuality. A terrible waste. He can also be thought of as the first cyber warrior. It is a disgrace that such a great man who fought for his country was to be royally screwed by those he sort to protect.
Posted by Chris Abood, Wednesday, 22 June 2005 2:13:49 PM
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Excuse me but since when was Keynes one of the greatest men alive? Since when did the man who created 'stagflation' a hero? Since when was the man that formed the unholy alliance of capitalism and socialism worth admiration?

The sad fact is that Keynes made the slavery of high taxation and the robbery of inflation popular.
Posted by DLC, Monday, 27 June 2005 4:20:05 PM
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Keynes predicted the economy we have. Let me ask, what appreciable difference is there between Keynes' "painting rocks white" and, say, shock-jocks or Hollywood producers? Useless, trivial, existing only to generate profits to no good end. Only when the problem is identified can we do something about it. Sadly, we have not done so.
Posted by anomie, Tuesday, 5 July 2005 4:43:37 PM
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