The Problem With keynesian economics

[signelect]

Theory nevers seems to mirror reality.

 

[EdwardBaiamonte]

Keynes never advocated mis-spending.

government spending is mis-spending or mal investment or bubble spending because one liberal bureaucrat guesses what to spend the whole countries money on instead of the whole country deciding over time what it wants to sustainably spend its own hard money on.


Please post that on your fridge and think about it every day until eventually it sinks in.

Yeah, and right below it put

Weather satellites
Postal service
Interstate highway system
Center for Disease Control
US Military
Public education

dear, weather satellites are trivial as are the others. Yes dear a tiny bit of governemnt spending is fine. Libertarians are not anarchists for the 100th time.

 

[EdwardBaiamonte]

The problem with Keynsian economic responses to monetary deflationary depressions is that nobody (not even FDR) actually ever tried to DO a REAL Keynesian response.

The efforts are always half hearted and as the originator of this thread quite CORRECTLY pointed out, when the economic situation goes back to normal, the MASTERS OF CAPITAL never remove the EXCESS capital from circulation.

AFter thought

I must give credit to Truman, and Ike's admins, however, for taxing enough to at least attempt to pay off the cost of world war II -- which WAS a Keynesian type economic response

taxing enough?? wrong wrong wrong they never collected any more than as a % of GDP than they do today even with today's much higher rates. As Krugman says, the WW 2 debt never got paid off except with inflation and economic growth.

 

[Widdekind]

... a tiny bit of governemnt spending is fine ...

under certain circumstances, allot of Government spending may be beneficial -- when the private sector is depressed, interest-rates are low (nobody is borrowing), employment is low (nobody is hiring), and so collective Public action (Government) can borrow & hire, without "crowding out" the depressed private sector.

under normal circumstances, in a healthy economy, Government spending only "crowds out" that very private sector activity that is making the economy healthy, in the first place. Then, Government only "gets in the way" -- except for collective Public goods (Police, Defense, Infrastructure).

 

[EdwardBaiamonte]

under certain circumstances, a lot of Government spending may be beneficial --.

yes turn the Nazi soviet liberal bureaucrats loose to create Solyndra housing bubbles so we can keep the make-work New Deal Great Depression going until it causes a world war with 60 million dead.

100 % pure ignorance which is why a liberal knows better than even try to confute conservative logic!

 

[Widdekind]

Fiscal stimulus, by Public borrowing for Government expenditures, is similar to private sector borrowing for corporate expenditures. As the latter represents private investment by private enterprises, so the former represents Public investments by the national "Public enterprise". If the "Public enterprise" borrows wisely, for profitable investments (physical capital, human capital, infrastructure), then a Fiscal stimulus could work well.

building "roads to nowhere" or "empty office buildings & vacant factories" would be wasteful, un-profitable, and un-advisable.

 

[EdwardBaiamonte]

Fiscal stimulus, by Public borrowing for Government expenditures, is similar to private sector borrowing for corporate expenditures.

too stupid of course !!! You lack the IQ to understand so why waste your time here?? Can't your parents explain this too you???

National borrowing by a national monopoly with national consequences to enable worthless Solyndra liberal bureaucrats to guess where to spend other people's money with no consequences is not similar, unless you are a liberal. It is the exact opposite you poor silly fool liberal.


See why we are postive a liberal will be slow, very slow?? A liberal will lack the IQ to feel shame at his own ignorance

 

[starcraftzzz]

Fiscal stimulus, by Public borrowing for Government expenditures, is similar to private sector borrowing for corporate expenditures.

too stupid of course !!! You lack the IQ to understand so why waste your time here?? Can't your parents explain this too you???

National borrowing by a national monopoly with national consequences to enable worthless Solyndra liberal bureaucrats to guess where to spend other people's money with no consequences is not similar, unless you are a liberal. It is the exact opposite you poor silly fool liberal.


See why we are postive a liberal will be slow, very slow?? A liberal will lack the IQ to feel shame at his own ignorance

the total energy program that included solyndra cread over 5$ in benifits for every dollar spent u ignorant hack

 

[starcraftzzz]

The problem with Keynsian economic responses to monetary deflationary depressions is that nobody (not even FDR) actually ever tried to DO a REAL Keynesian response.

The efforts are always half hearted and as the originator of this thread quite CORRECTLY pointed out, when the economic situation goes back to normal, the MASTERS OF CAPITAL never remove the EXCESS capital from circulation.

AFter thought

I must give credit to Truman, and Ike's admins, however, for taxing enough to at least attempt to pay off the cost of world war II -- which WAS a Keynesian type economic response

taxing enough?? wrong wrong wrong they never collected any more than as a % of GDP than they do today even with today's much higher rates. As Krugman says, the WW 2 debt never got paid off except with inflation and economic growth.

wrong dumbass

 

[starcraftzzz]

under certain circumstances, a lot of Government spending may be beneficial --.

yes turn the Nazi soviet liberal bureaucrats loose to create Solyndra housing bubbles so we can keep the make-work New Deal Great Depression going until it causes a world war with 60 million dead.

100 % pure ignorance which is why a liberal knows better than even try to confute conservative logic!

the private market caused the great deppression and housing buuble u tool

 

[itfitzme]

Fiscal stimulus, by Public borrowing for Government expenditures, is similar to private sector borrowing for corporate expenditures.

too stupid of course !!! You lack the IQ to understand so why waste your time here?? Can't your parents explain this too you???

National borrowing by a national monopoly with national consequences to enable worthless Solyndra liberal bureaucrats to guess where to spend other people's money with no consequences is not similar, unless you are a liberal. It is the exact opposite you poor silly fool liberal.


See why we are postive a liberal will be slow, very slow?? A liberal will lack the IQ to feel shame at his own ignorance

Widdekind is hardly liberal, you putz. When he first started out on this forum, he had a strong Libertarian or conservative bend. "Gov't gun" was a pretty typical phrase. He has since, become more centered. In general, his IQ appears way off the charts, at the rate he has been learning.

Seeing as you're so big on IQ, why are you so afraid to tell us what yours is? There are plenty of online IQ tests. Go take one and report back what your IQ is.

 

[itfitzme]

under certain circumstances, allot of Government spending may be beneficial --.

yes turn the Nazi soviet liberal bureaucrats loose to create Solyndra housing bubbles so we can keep the make-work New Deal Great Depression going until it causes a world war with 60 million dead.

100 % pure ignorance which is why a liberal knows better than even try to confute conservative logic!

the private market caused the great deppression and housing buuble u tool

You noticed that too?

See, Ed's deficiency is that he dropped out of Econ 101 after the first couple of introductory chapters. He's convinced that the real world consists of perfectly competitive markets with perfect information. He missed that it is an over simplified model only for the purpose of comparison. He never read the whole market imperfection section, which was like half the course.

Everything he thinks follows from that. Any problem with the markets, can't be because of the perfectly competitive markets with perfect information. They must be caused by the gov't.

He is so deluded by it that he is convinced that Bernanke and Friedman said that the Great Depression was caused by not following the Rules of The Gold Standard. (His capitalization.)

 

[EdwardBaiamonte]

He is so deluded by it that he is convinced that Bernanke and Friedman said that the Great Depression was caused by not following the Rules of The Gold Standard. (His capitalization.)

so convinced that he's willing to bet $10,000. Take the bet or run away again with your liberal tail between your legs.

 

[EdwardBaiamonte]

Fiscal stimulus, by Public borrowing for Government expenditures, is similar to private sector borrowing for corporate expenditures.

too stupid of course !!! You lack the IQ to understand so why waste your time here?? Can't your parents explain this too you???

National borrowing by a national monopoly with national consequences to enable worthless Solyndra liberal bureaucrats to guess where to spend other people's money with no consequences is not similar, unless you are a liberal. It is the exact opposite you poor silly fool liberal.


See why we are postive a liberal will be slow, very slow?? A liberal will lack the IQ to feel shame at his own ignorance

Widdekind is hardly liberal, you putz. When he first started out on this forum, he had a strong Libertarian or conservative bend. "Gov't gun" was a pretty typical phrase. He has since, become more centered. In general, his IQ appears way off the charts, at the rate he has been learning.

Seeing as you're so big on IQ, why are you so afraid to tell us what yours is? There are plenty of online IQ tests. Go take one and report back what your IQ is.

National borrowing by a national monopoly with national consequences to enable worthless Solyndra liberal bureaucrats to guess where to spend other people's money with no consequences is not similar to the free market, unless you are a liberal. It is the exact opposite you poor silly fool liberal.

 

[EdwardBaiamonte]

the private market caused the great deppression and housing buuble u tool

you lack the brains to know you operate in complete liberal ignorance.

Bernanke is the worlds expert on the Great Depression. He said to Friedman, "You're right, we[The Fed] did it [caused the Great Depression.]"

 

[itfitzme]

He is so deluded by it that he is convinced that Bernanke and Friedman said that the Great Depression was caused by not following the Rules of The Gold Standard. (His capitalization.)

so convinced that he's willing to bet $10,000. Take the bet or run away again with your liberal tail between your legs.

So, nothing intelligent to add. Just the same old repetitive bs.

 

[EdwardBaiamonte]

He is so deluded by it that he is convinced that Bernanke and Friedman said that the Great Depression was caused by not following the Rules of The Gold Standard. (His capitalization.)

so convinced that he's willing to bet $10,000. Take the bet or run away again with your liberal tail between your legs.

So, nothing intelligent to add. Just the same old repetitive bs.

so convinced that he's willing to bet $10,000. Take the bet or run away again with your liberal tail between your legs.

 

[Procrustes Stretched]

Definition of 'Keynesian Economics'
An economic theory stating that active government intervention in the marketplace and monetary policy is the best method of ensuring economic growth and stability.


Investopedia explains 'Keynesian Economics'
A supporter of Keynesian economics believes it is the government's job to smooth out the bumps in business cycles. Intervention would come in the form of government spending and tax breaks in order to stimulate the economy, and government spending cuts and tax hikes in good times, in order to curb inflation.

Read more: Keynesian Economics Definition | Investopedia

 

[EdwardBaiamonte]

Definition of 'Keynesian Economics'
An economic theory stating that active government intervention in the marketplace and monetary policy is the best method of ensuring economic growth and stability.


Investopedia explains 'Keynesian Economics'
A supporter of Keynesian economics believes it is the government's job to smooth out the bumps in business cycles. Intervention would come in the form of government spending and tax breaks in order to stimulate the economy, and government spending cuts and tax hikes in good times, in order to curb inflation.

Read more: Keynesian Economics Definition | Investopedia

National borrowing by a national monopoly with national consequences to enable worthless Solyndra liberal male0work bureaucrats to guess where to spend other people's money with no consequences is not similar to the free market, unless you are a liberal. It is the exact opposite of Republican capitalism.

 

[Procrustes Stretched]

Definition of 'Keynesian Economics'
An economic theory stating that active government intervention in the marketplace and monetary policy is the best method of ensuring economic growth and stability.


Investopedia explains 'Keynesian Economics'
A supporter of Keynesian economics believes it is the government's job to smooth out the bumps in business cycles. Intervention would come in the form of government spending and tax breaks in order to stimulate the economy, and government spending cuts and tax hikes in good times, in order to curb inflation.

Read more: Keynesian Economics Definition | Investopedia

National borrowing by a national monopoly with national consequences to enable worthless Solyndra liberal male0work bureaucrats to guess where to spend other people's money with no consequences is not similar to the free market, unless you are a liberal. It is the exact opposite of Republican capitalism.

making a partisan argument just makes you look silly.

btw, Republican capitalism since the 1980s (Reagan) has been built on credit and bubbles. we are living through the end result of 30 years of Republican capitalism.

thanks guys