- Sep 12, 2008
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Who Fisher? Never heard of him before. Anyone got a link?
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The timeline of his economic alchemist voodoo is irrelevant to the fact that it's vastly easier to spend money that you don't have to "stimulate growth" when you can just print up the loot.The creation of the fed predates any major work of Keynes. But the US is run mostly on the theories of Fisher, not Keynes. Fisher is best known for his Permanent Plateau of Prosperity comment just before the 29 crash. After that famous episode Fisherites started calling their nonsense Keynesianism and packaged it to sound right. I was so hoping that Toro would deal with this one.Keynesian theory, along with playing games with the currency, is the cornerstone of the bubble economy and the in for the meddling of the Fed banksters.Trying to debate the finer points of macro-economics with people who imagine that the world is black and white is rather pointless.
They seem to think this issue is some kind of football game with opposing sides or something.
The amount of clueless partistan nonsense being posted here about one of the 20th century's finest macro-economists is staggering.
Our economy is screwed up exactly in the way our BANKSTERS want it to be screwed up.
This has NOTHING to do with Keysian theory, and everything to do with KAKATOCRACY.
Wake the fuck up!
Read a book!
You keep talking about reading books...How 'bout you try this one: Creature from Jekyll Island
The creation of the fed predates any major work of Keynes. But the US is run mostly on the theories of Fisher, not Keynes. Fisher is best known for his Permanent Plateau of Prosperity comment just before the 29 crash. After that famous episode Fisherites started calling their nonsense Keynesianism and packaged it to sound right. I was so hoping that Toro would deal with this one.Keynesian theory, along with playing games with the currency, is the cornerstone of the bubble economy and the in for the meddling of the Fed banksters.Trying to debate the finer points of macro-economics with people who imagine that the world is black and white is rather pointless.
They seem to think this issue is some kind of football game with opposing sides or something.
The amount of clueless partistan nonsense being posted here about one of the 20th century's finest macro-economists is staggering.
Our economy is screwed up exactly in the way our BANKSTERS want it to be screwed up.
This has NOTHING to do with Keysian theory, and everything to do with KAKATOCRACY.
Wake the fuck up!
Read a book!
You keep talking about reading books...How 'bout you try this one: Creature from Jekyll Island
From what i've read of Hayek and Woods, the Austrian school is rooted in behavioral economics, which is where it contrasts with the Keynesian and Marxian practice of thinking humans abide by the rules of mathematics and the economy is rules by equations.I don't agree with that. I don't even agree that Hayek and Keynes are in opposition.
Hayek didn't say that Kenynes' math was wrong, or the tools wouldn't work. His postion was that putting these tools in the hands of the average politician was like leaving a two year old in alone in the control room of a nuclear power plant.
That's one of the dumbest posts I've ever seen.Only if you believe that you make the shallow end of the pool deeper by scooping up some water out of the deep end, then pouring it back into the shallow end.
America's most prosperous era involved some of the highest marginal tax rates ever seen.
With the lowering of the marginal tax rates and the practical abolition of corporate taxes, the average American's real income has declined over the last 40-odd years and the income gap has increase.
When the trusts were broken and the monopolies forced apart, the American economy got better.
The more wealth in the hands of the average man, the better for all of society. Capitalism will eat itself without proper regulation- the blind greed of the bourgeoisie leads not only to the exploitation of the proletariat, but ultimately to the collapse of the system which enables the bourgeoisie to exist.
Unbridled capitalism and the Austrian mindset which advocates it is the nearsighted idiocy of the bourgeoisie's useful idiots. It is no more sustainable than the centrally-planned collectivism that we see when Keynesianism runs wild.
Capitalism does lead to more wealth on the hands of common man.
Capitalism does lead to more wealth on the hands of common man.
If that were true, the industrial revolution wouldn't have consisted of/led to slums and sweatshops.
Capitalism is the United Fruit company and the CIA.
That's why Americans embraced socialist progress. That's why we have the Clean Air and Water acts, minimum wage laws, and the National Labour Relations Board.
Thank a Wobbly today.
Basically true, what I guess should be called post-Austrian economics tends to be based on better knowledge of behavior. Whether you are talking libertarian paternalism or some of the more brass knuckles versions neo-Austrian thought there are several things that are moderating traditional Austrian thought:From what i've read of Hayek and Woods, the Austrian school is rooted in behavioral economics, which is where it contrasts with the Keynesian and Marxian practice of thinking humans abide by the rules of mathematics and the economy is rules by equations.I don't agree with that. I don't even agree that Hayek and Keynes are in opposition.
Hayek didn't say that Kenynes' math was wrong, or the tools wouldn't work. His postion was that putting these tools in the hands of the average politician was like leaving a two year old in alone in the control room of a nuclear power plant.
Capitalism does lead to more wealth on the hands of common man.
If that were true, the industrial revolution wouldn't have consisted of/led to slums and sweatshops.
Capitalism is the United Fruit company and the CIA.
That's why Americans embraced socialist progress. That's why we have the Clean Air and Water acts, minimum wage laws, and the National Labour Relations Board.
Thank a Wobbly today.
So now you're saying that your posts are the dumbest here save mine? You're priding yourself on being, according to you, the 2nd dumbest poster here- worse than RDean?Only because you exclude your closet communistic crap.That's one of the dumbest posts I've ever seen.Only if you believe that you make the shallow end of the pool deeper by scooping up some water out of the deep end, then pouring it back into the shallow end.
So now you're saying that your posts are the dumbest here save mine? You're priding yourself on being, according to you, the 2nd dumbest poster here- worse than RDean?Only because you exclude your closet communistic crap.That's one of the dumbest posts I've ever seen.
Wow...
There's our current system. It's not perfect-gotten worse in the last 60 years, if you ask me- but it's pretty good. It's pretty close to Social Democracy.And there really are no better alternatives anyway....
Because you never read a history bookMinimum wage law is a other thing that does not make whole bunch of sense to me.
I doubt you've ever been one to seek out opportunities for an education.there could be very educational job opportunitie's
There's our current system. It's not perfect-gotten worse in the last 60 years, if you ask me- but it's pretty good. It's pretty close to Social Democracy.And there really are no better alternatives anyway....
Because you never read a history bookMinimum wage law is a other thing that does not make whole bunch of sense to me.
The Wobblies
[ame=http://www.amazon.com/There-Power-Union-Story-America/dp/0385526296]Amazon.com: There is Power in a Union: The Epic Story of Labor in America (9780385526296): Philip Dray: Books[/ame]
I doubt you've ever been one to seek out opportunities for an education.there could be very educational job opportunitie's