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Five Economic Reforms Millennials Should Be Fighting For

Henrin said:
You should really look up what Keynes had to say and follow that up with a short little study on Keynesian economics. Keynesian economics isn't a tool for permanent growth, but a stop gap in a down turn with the use of work programs. You were then supposed to cut spending to deal with the debt that was ensured by the spending. Guess what we never did?

1. We didn't limit it to what Keynes said.
2. We made it permanent.
3. We never cut spending to deal with the debt.

FDR in fact pissed off Keynes for failing to follow his plan.
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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? That is only one part of it and if you were following what I've said in this thread you would know that I reference Krugman and Stiglitz which support very high stimulus spending, much more than what we have done and they certainly don't support cutting spending as a Keynesian idea?? This is ridiculous, that is the whole point is to spend to get the economy going in bad times and deal with the deficit later when the economy is strong.
 
Henrin said:
If you want to prove your policies are best you can't look towards a period where pretty much anything would work. I know liberals/progressives love the fifties to say how great their policies are, but it doesn't prove anything.
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Yeah you're right, history can't be trusted to mean anything when it doesn't support your positions. :roll:

Look at what Reaganomics has done, it has created a country where the top individuals are super compensated at the expense of everyone else, congrats!
 
Verax said:
Yeah you're right, history can't be trusted to mean anything when it doesn't support your positions. :roll:

Look at what Reaganomics has done, it has created a country where the top individuals are super compensated at the expense of everyone else, congrats!
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and that has increased under obamatardation
 
Verax said:
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? That is only one part of it and if you were following what I've said in this thread you would know that I reference Krugman and Stiglitz which support very high stimulus spending, much more than what we have done and they certainly don't support cutting spending as a Keynesian idea?? This is ridiculous, that is the whole point is to spend to get the economy going in bad times and deal with the deficit later when the economy is strong.
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I don't care what Krugman and Stiglitz says about their own ****, let alone economics. I know what the whole point of the retarded affair is and that is why I told you we never cut the spending. Keynesian economics is shear nonsense for many reasons, but one of the reasons is his assumption that spending will ever be cut.
 
Verax said:
Yeah you're right, history can't be trusted to mean anything when it doesn't support your positions. :roll:

Look at what Reaganomics has done, it has created a country where the top individuals are super compensated at the expense of everyone else, congrats!
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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.
 
Btw, you might want to learn math Verax. Reagan was president from 1981-1989, which is NOT 40 years ago.
 
TurtleDude said:
and that has increased under obamatardation
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Oh please, Obama's policies have absolutely nothing to do with what I'm talking about. All he did was a weak stimulus when people were calling for 4x, 5x, more and his "wall street reform" was barely anything. What he did was mostly more of the same while giving lip service to these ideas he never did any of them even half assed. Besides, the writing was on the wall before he even took office.
 
Verax said:
Oh please, Obama's policies have absolutely nothing to do with what I'm talking about. All he did was a weak stimulus when people were calling for 4x, 5x, more and his "wall street reform" was barely anything. What he did was mostly more of the same while giving lip service to these ideas he never did any of them even half assed. Besides, the writing was on the wall before he even took office.
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that again makes no sense whatsoever
 
Henrin said:
I don't care what Krugman and Stiglitz says about their own ****, let alone economics. I know what the whole point of the retarded affair is and that is why I told you we never cut the spending. Keynesian economics is shear nonsense for many reasons, but one of the reasons is his assumption that spending will ever be cut.
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Of course you don't care, why would you read or learn about anything other than what you want to believe? Of course you rant about cutting spending, you guys have been doing this nonstop for decades now. It is a minor problem compared to the others but its all you guys can focus on because the rich don't want to pay the bills for the upkeep of their economic engine.
 
Verax said:
Oh please, Obama's policies have absolutely nothing to do with what I'm talking about. All he did was a weak stimulus when people were calling for 4x, 5x, more and his "wall street reform" was barely anything. What he did was mostly more of the same while giving lip service to these ideas he never did any of them even half assed. Besides, the writing was on the wall before he even took office.
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So basically he creates a ton of new government jobs, passes a stimulus, and creates a whole new welfare program and he is doing nothing towards your ends. How about some ice cream little champ?
 
Verax said:
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?
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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.
 
Henrin said:
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.
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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...
 
Neomalthusian said:
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.
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Keynesian economics has not "failed in practice"? Seriously you guys are killing me. Have any of you actually taken economics courses or studied history?
 
Verax said:
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...
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Ronald Reagan was a supporter of government-funded jobs programs. Surprise?
 
Verax said:
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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Have you?
 
Henrin said:
Ronald Reagan was a supporter of government-funded jobs programs. Surprise?
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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?
 
Verax said:
Because you don't know what you're talking about, this is very basic stuff.
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LOL that is rich. by definition progressives tend to feel rather than think.
 
Henrin said:
Btw, you might want to learn math Verax. Reagan was president from 1981-1989, which is NOT 40 years ago.
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The tide of economic ideas turned in the 70's.
 
Verax said:
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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Even during the height of exaggerated bubbles (that the Fed failed to act on, or even contributed to directly) we never pull back. The theory is we get conservative during good times, but in practice we just get more aggressive. In the end, Keynesianism gives what otherwise just looks like drunken profligate spending the appearance of a theoretical justification.

Even Washington said we should spend down the debts that inevitable wars cause. Do we? Of course not. Today's Kenyesian advocates have found a magical excuse to never get fiscally conservative.
 
Verax said:
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?
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Yes, he did. For one such example, he supported a jobs program to train workers in new job skills.
 
Sadly I must go to the gym. I suggest some of you educate yourself on basic economics and American history before regurgitating stuff you hear on Republican talk radio or wherever you get your bs from.
 
Verax said:
Sadly I must go to the gym. I suggest some of you educate yourself on basic economics and American history before regurgitating stuff you hear on Republican talk radio or wherever you get your bs from.
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I would suggest a library but I guess we cannot accuse you of getting your stuff from liberal talk radio-it all went bankrupt. Maybe too much Rachel Madcow?

Have fun-SYL
 
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