Who here believes it and why?
Who here disagrees and why?
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Keynesian economics
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11/3/2009 6:29:44 PM Posted: 2 weeks ago |
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11/3/2009 6:30:30 PM Posted: 2 weeks ago At 11/3/2009 6:29:44 PM, Registered_Trademark wrote: Try posting in the Politics forum. :) |
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11/3/2009 6:31:57 PM Posted: 2 weeks ago At 11/3/2009 6:30:30 PM, Puck wrote:At 11/3/2009 6:29:44 PM, Registered_Trademark wrote: Also try giving your own opinion as well. :) "I contend we are both atheists, I just believe in one fewer god than you do. When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours." ~Stephen F. Roberts |
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11/3/2009 6:32:14 PM Posted: 2 weeks ago Here is a quote from Keynes, aptly applicable to his ideas. :D
"Practical men, who believe themselves to be quite exempt from intellectual influences, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back." |
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11/3/2009 6:36:46 PM Posted: 2 weeks ago At 11/3/2009 6:29:44 PM, Registered_Trademark wrote: If you refer to planned deficit spending, I am against. Look at FDR incorporating this policy into his presidency. It helped double the national debt of the time period and lead eventually to a whopping $258 million deficit following WWII. Liberals are good for two things: turning you back to the Republican party and providing a source for jokes. |
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11/3/2009 6:50:52 PM Posted: 2 weeks ago Disagree with both EMP and Deficit.
Copypasta from: http://www.debate.org... http://www.debate.org... - Deficit spending, as you have advocated it, calls for the borrowing of funds from elsewhere and placing them somewhere else. EFFECTS: -(This mass-scale borrowing increases interest rates, because the USFG must borrow affluence from other countries) ---(High interest rates discourage borrowing, and ultimately, investment) ---(High interest rates encourage saving, because a higher return is given) -The wealth borrowed is not spent to employ workers in the country from which the funds are borrowed. ---(Because of free credit, the market tends to allocate stock into more profitable capital. Therefore, the multiplier on the side being taken from is higher than the side being given to. The result is a mis-allocation of stock) It is in the interest of the market as a whole to adapt to consumer demand. When an artificial shift in demand occurs, the market must adapt to meet this change just as with a natural shift. Capital must be invested in another area in order to reap the highest effective profit, and the transition yields temporary unemployment. Take for example, after WWII, there was a shift in demand from military expenditures. After the end of the war, unemployment jumped from under 2% to ~6%. "It is not the business of the law to make anyone good or reverent or moral or clean or upright." -Murray Rothbard Please comment: http://ddofans.com... SIGN UP FOR COLONIAL AMERICA MAFIA: http://www.debate.org... |
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11/4/2009 10:50:58 AM Posted: 2 weeks ago The problem with this type of economy is if your country is the only one to practice it, then it doesn't work and you lose money. Former president François Miterrand (1981 France) was in this case and his keynesian project to reactivate the economy in France failed: wages were increased, but inner consumers only buy products from other countries. And other countries during this period didn't increase importation of french products.
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