Rshermr
VIP Member
How about this formula?
Rshermr + Economics = George Costanza "Architect".How about this formula?
Rshermr + Economics = George Costanza "Architect".So, Oldstyle, apparently you are incapable of anything close to economic argument. You are posting worthless post after worthless post. So, it does not bother me in the slightest. But I rather believe it is annoying to others on this board And I am sure you could care less.How about this formula?
Rshermr + Economics = George Costanza "Architect".
You are incapable of conversation, or debate, me boy. Totally. And your insults are getting old. As of now, in deference to others who may want to actually engage in discussion about the subject of this thread, you are now officially on ignore. Knock yourself out with your drivel, me boy.
Friedman is "discredited"? By who? You? Someone who pretends to have an economics degree on the internet? Milton Friedman was described by Paul Krugman as one of the economic giants of the 20th century...even if Krugman doesn't agree with all of his economic theories and is about a far left as they come...yet YOU have decided that Friedman is discredited because he believed in the ability of free markets to correct themselves.Why would anyone care what a conservative economist thinks about FDR's Liberal policies? Anyone can look back at that period and contend anything. It's completely meaningless and unprovable.No sane person (rules you out) blames FDR for the Great Depression which started some 3½ years before he even became president. Regardless, the unemployment rate dropped to under 10% in 1941 -- when government spending began skyrocketing in preparation of the war.
Do you consider Milton Friedman insane, Faun? He does in fact blame FDR for the longevity of the Great Depression.
The fact is most economists now believe that the Keynesian policies of FDR and the failure of the newly formed FED to respond to the banking crisis led to a worsening of the economic situation. For some reason that concept hasn't filtered down yet to the general public who know little about economics...you know...like Georgie?
What remains, however, is the insanity of calling it FDR's Great Depression given it started years earlier under Republican leadership and years of Republican policies; and grew worse with every passing year under Republicans until Democrats took over. Color me surprised that Conservatives want to rewrite history 80 years later to blame those who cleaned up that massive pile of Republican dung.
Why would anyone care? Quite simply...it's a reexamination of the limitations of Keynesian Economic Theory after eighty years of practice. It's a reexamination of what caused the Great Depression to linger as long as it did and a questioning of whether FDR's policies made things better or delayed the recovery. Milton Friedman isn't just any conservative economist! He's a Nobel Prize winner who is considered the second most important economist (behind Keynes) of modern times.
The Nobel Prize in economics has been awarded 71 times. Just wondering why you would pick a discredited economist who is a Libertarian, believing in a system that has never worked to produce a successful socio-economic system in the history of the earth? Odd, how you choose your economists. Perfectly in line with the favorites of the bat shit crazy con web sites.
Three Nobel Prize winners in particular have identified themselves with libertarianism: F.A. Hayek,Milton Friedman, and James Buchanan.
And, coincidentally, oldstyle picks one
Friedman lost nearly all credibility when his theories were tested by Ronald Reagan, and the great tax cut which created the second worst ue rate in history, Then further by the stimulus of W, which failed to do anything at all. Not sure where you were, me boy. All really well known parts of economic history.
And see yet why you will be the only person I put on ignore?