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Thread: Five Economic Reforms Millennials Should Be Fighting For

  1. #61
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    Re: Five Economic Reforms Millennials Should Be Fighting For

    Quote Originally Posted by Verax View Post
    Keynesian economics is a broad area with many interpretations since then and it certainly is not a "stop gap" idea only to be used in recessions, wtf are you even talking about?
    Actually Keynes' insights presented a way out of an already very depressed economy, not as a way to avoid recessions. Those original insights have been bastardized. In the end we will look at theories like Marx and Keynes and recognize that they seem legit in theory but always fail in practice.

    We've had an admittedly and proudly Keynesian Fed since the 70s. It has not shown any ability (in practice) to cause self-reinforcing economic growth plus stability. At best it fails to correct market instability, and at worse it ultimately makes the problem worse by giving politicians a magic excuse to loot the treasury every single year.

  2. #62
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    Re: Five Economic Reforms Millennials Should Be Fighting For

    Quote Originally Posted by Henrin View Post
    It should be fun watching you figure out how to blame Reagan for all of this considering the fact that he increased debt, increased government power and did much of your idiocy.
    Wtf? This is why you shouldn't do anything other than childish insults without any substance, you are in way over your head now. What Reagan did is NOT what Keynesians had in mind, quite the opposite... I mean... why would you say such a silly thing? Supply side economics is the polar opposite of it...

  3. #63
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    Re: Five Economic Reforms Millennials Should Be Fighting For

    Quote Originally Posted by Neomalthusian View Post
    Actually Keynes' insights presented a way out of an already very depressed economy, not as a way to avoid recessions. Those original insights have been bastardized. In the end we will look at theories like Marx and Keynes and recognize that they seem legit in theory but always fail in practice.

    We've had an admittedly and proudly Keynesian Fed since the 70s. It has not shown any ability (in practice) to cause self-reinforcing economic growth plus stability. At best it fails to correct market instability, and at worse it ultimately makes the problem worse by giving politicians a magic excuse to loot the treasury every single year.
    Keynesian economics has not "failed in practice"? Seriously you guys are killing me. Have any of you actually taken economics courses or studied history?

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    Re: Five Economic Reforms Millennials Should Be Fighting For

    Quote Originally Posted by Verax View Post
    Wtf? This is why you shouldn't do anything other than childish insults without any substance, you are in way over your head now. What Reagan did is NOT what Keynesians had in mind, quite the opposite... I mean... why would you say such a silly thing? Supply side economics is the polar opposite of it...
    Ronald Reagan was a supporter of government-funded jobs programs. Surprise?

  5. #65
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    Re: Five Economic Reforms Millennials Should Be Fighting For

    Quote Originally Posted by TurtleDude View Post
    that again makes no sense whatsoever
    Because you don't know what you're talking about, this is very basic stuff.

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    Re: Five Economic Reforms Millennials Should Be Fighting For

    Quote Originally Posted by Verax View Post
    Keynesian economics has not "failed in practice"? Seriously you guys are killing me. Have any of you actually taken economics courses or studied history?
    Have you?

  7. #67
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    Re: Five Economic Reforms Millennials Should Be Fighting For

    Quote Originally Posted by Henrin View Post
    Ronald Reagan was a supporter of government-funded jobs programs. Surprise?
    Was he? Did he ever do it? What little significance does this have on the broad topic at hand? Are you seriously trying to say Reaganomics has anything to do with what I'm talking about?

  8. #68
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    Re: Five Economic Reforms Millennials Should Be Fighting For

    Quote Originally Posted by Verax View Post
    Because you don't know what you're talking about, this is very basic stuff.
    LOL that is rich. by definition progressives tend to feel rather than think.



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    Re: Five Economic Reforms Millennials Should Be Fighting For

    Quote Originally Posted by Henrin View Post
    Have you?
    Nah man, I'm just making this stuff up as I go.

  10. #70
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    Re: Five Economic Reforms Millennials Should Be Fighting For

    Quote Originally Posted by Verax View Post
    Nah man, I'm just making this stuff up as I go.
    ah good, some honesty at last

    I commend you



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