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ause unemployment, especially long-term unemployment, is still unacceptably high. 'The boom, not the slump, is the time for austerity," John Maynard Keynes declared many years ago. Kurgman: He was right — all you have to do is look at Europe to see the disastrous effects of austerity on weak economies.
y for future generations. Included this week is an article in the New York Times by Michael Moss — The Extraordinary Science ofAddictive Junk Food. The New York Times' article exposes the clever and surprisingly immoral ways the food industry manufactures foods to rival hard drugs for their addictive potential. We
epresented the least praiseworthy qualities of the inhabitants of the New World: miserliness and fanatical practicality'''. And of course, there was Keynes warning of the paradox of thrift in his General Theory (1936). Eisenhower, aware of being seen as an "unsympathetic, reactionary fossil", was a post
thrift. Luxury goods sales by LVMH, PPR (Gucci, Yves St. Laurent), BMW, Porsche and Mercedes are rising at a rapid double-digit pace. According to the New York Timess, Nordstrom has a waiting list for a Chanel sequined coat that costs $9,010, and Neiman Marcus has sold out in almost every size of $775 Christian Lo
of motion and laid the basis for his theory of gravity, both of which form the foundation of much of modern physics. Never- theless, as John Maynard Keynes pointed out: Newton was not the first of the age of reason, he was the last of the magicians, the last of the Babylonians and Sumerians, the last
s up ensuring that while we need to keep an open mind about reality, we don't have to keep it so open that our brains fall out, as the publisher of the New York Times used to say. In this case, Einstein demonstrated that a reversal of the time ordering of distant events brought about by the constancy of light is
Entities connected to both Keynes and The New York Times

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