Re: [gang8] Re: Krugman on the Deflation quagmire

[Kevin Donnelly <kevin@xxxxxxxxxxxxxxxxxx>]

In message <000801c326f9$faf97330$bd51fea9@q1k2m4>, Gunnar Tomasson
<gunnar.tomasson@xxxxxxxxxxx> writes
>Re. the following;
>
>...in Vol XXVII, Keynes was more explicit and called for two-thirds to 3/4
>of total investment in the economy to be influenced by public or semi-public
>bodies guided by private exchange.
>
>Comment:
>
>My fellow Gang8 members Geoffrey Gardiner and Chris Meakin advise that
>Keynes' intellectual fingermarks were on a bill submitted to (passed by?)
>Parliament in 1946 which envisaged QUALITATIVE credit controls.
>
>In the event, little or nothing came of it.
>
>And, considering that QUANTITATIVE credit controls have become anathema in
>the post-Bretton Woods era, it will take a miracle - or catastrophe - to
>awaken the world's policy-makers to the need for QUALITATIVE controls
>whereby new credit can be channeled into private and public sector
>investment projects.
>
>Gunnar

What was the name of the German engineer who distinguished between
speculative and productive capital and formed a group opposed to
interest/usury?  Gottfried Heer is the name I recall, but I cannot find
anyone of that name.
        His activity began around 1917 and attracted interest from the
early Nazi movement.  I think Hitler recruited him for his own ends but
then sidelined him and little came of his ideas.
        Kevin
--
Kevin Donnelly