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Thread: European Central Bank adopts negative interest rates

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    Re: European Central Bank adopts negative interest rates

    Quote Originally Posted by PoS View Post
    Its what happens when the EU adopts the Keynesian economic outlook that claims spending is everything. What morons.
    People criticizing Keynes really don't know anything about Keynesian economics. The problem is that politicians are only Keynesians when there is a downturn. When things are good they go back to buying votes with the government coffers and pleasing their corporate donors. One should also note that austerity during a recession is very much antithetical to Keynesian economics. None of the current crisis is a product of Keynesian economics gone wild. It is a problem of governments desperately trying to avoid any sort of economic consequences for their various past efforts to reinflate bursting bubbles. Monetarism is probably more directly responsible for the current problems of the EU and the global economy, though even that is not entirely to blame. The problem is that they are not really interested in any economic theories until there is a crisis.
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    Re: European Central Bank adopts negative interest rates

    Quote Originally Posted by Demon of Light View Post
    People criticizing Keynes really don't know anything about Keynesian economics. The problem is that politicians are only Keynesians when there is a downturn.
    Duh, thats what Keynes advocated in the first place.

    One should also note that austerity during a recession is very much antithetical to Keynesian economics.
    What most of the EU is doing isnt really austerity.

    Austerity In Europe: It Will Work If It's Ever Tried - Forbes

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    Re: European Central Bank adopts negative interest rates

    Quote Originally Posted by Demon of Light View Post
    People criticizing Keynes really don't know anything about Keynesian economics. The problem is that politicians are only Keynesians when there is a downturn. When things are good they go back to buying votes with the government coffers and pleasing their corporate donors. One should also note that austerity during a recession is very much antithetical to Keynesian economics. None of the current crisis is a product of Keynesian economics gone wild. It is a problem of governments desperately trying to avoid any sort of economic consequences for their various past efforts to reinflate bursting bubbles. Monetarism is probably more directly responsible for the current problems of the EU and the global economy, though even that is not entirely to blame. The problem is that they are not really interested in any economic theories until there is a crisis.
    This is hardly Keynesian economics - this is European economic suicide - considering this is a global market.

    This is one of the dumbest banking ideas I have ever heard of in my inter life....

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    Re: European Central Bank adopts negative interest rates

    Quote Originally Posted by PoS View Post
    Duh, thats what Keynes advocated in the first place.


    What most of the EU is doing isnt really austerity.

    Austerity In Europe: It Will Work If It's Ever Tried - Forbes
    Keynesian economics have absolutely nothing to do with global trading - the Euro will fail completely.... What you're basically doing is creating a communal economy and segregating yourself from the world economy.

    This is a ****ing disaster just waiting to happen,

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    Re: European Central Bank adopts negative interest rates

    Quote Originally Posted by grip View Post
    You didn't address my comment about what happens if ALL states drop their taxes equally? There's no boom for anyone.
    It is and it has never been about just dropping Taxes.

    Its about creating a business friendly environment, a investment friendly environment.

    And lowering taxes is part of it.

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    Re: European Central Bank adopts negative interest rates

    Quote Originally Posted by Fenton View Post
    It is and it has never been about just dropping Taxes.

    Its about creating a business friendly environment, a investment friendly environment.

    And lowering taxes is part of it.
    Times have changed and large businesses are no longer friendly. They'd have us working for pennies, like they did in the 30's before unions. Capitalism is simply a cut throat, business model and movies like "Wall Street" and "The Wolf of Wall Street" shed light on that fact.
    Einstein, "science without religion is lame, religion without science is blind."

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    Re: European Central Bank adopts negative interest rates

    Quote Originally Posted by Fenton View Post
    It is and it has never been about just dropping Taxes.

    Its about creating a business friendly environment, a investment friendly environment.

    And lowering taxes is part of it.
    It would also create segregated economies that use gold and silver instead of US dollars...

    Our US dollars would be backed by nothing (not that they are presently).

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    Re: European Central Bank adopts negative interest rates

    Quote Originally Posted by grip View Post
    Times have changed and large businesses are no longer friendly. They'd have us working for pennies, like they did in the 30's before unions. Capitalism is simply a cut throat, business model and movies like "Wall Street" and "The Wolf of Wall Street" shed light on that fact.
    Yeah, eliminate profit and interest - sounds like a pseudo-Marxist plan to me....

    What happens when you run out of wealth?

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    Re: European Central Bank adopts negative interest rates

    Quote Originally Posted by Demon of Light View Post
    People criticizing Keynes really don't know anything about Keynesian economics. The problem is that politicians are only Keynesians when there is a downturn. When things are good they go back to buying votes with the government coffers and pleasing their corporate donors. One should also note that austerity during a recession is very much antithetical to Keynesian economics. None of the current crisis is a product of Keynesian economics gone wild. It is a problem of governments desperately trying to avoid any sort of economic consequences for their various past efforts to reinflate bursting bubbles. Monetarism is probably more directly responsible for the current problems of the EU and the global economy, though even that is not entirely to blame. The problem is that they are not really interested in any economic theories until there is a crisis.
    Austerity is simply the consequence of years and years of deficit spending.

    Its not and has never been a policy to increase economic growth.

    Austerity was put into place to save the Euro and to save countless European banks that were leveraged up with worthless bonds from Union countries that violated the Maastricht Treaty.

    Keynesian economics is not that difficult to comprehend.

    Keynesian solutions don't work, and will never work because you can't address demand issues in a private sector, free market economy with Central planned allocations of stimulus that by-pass the free market principles that grow economies.

    Arbitrarily dumping borrowed or printed currency into a economy doesn't address the fundamental issues that are leading to a lack of demand.

    It creates debt and leads to misallocation of capital as it crowds out real wealth and innovation.

    Obama's " Green Job's " iniative is a fantastic example of Keynesian misallocation.

    Japan is also a great example. In the 90s rhey decided to implement Keynesian "solutions" as they borrowed massive amounts of money ( 200 percent of their GDP ) and dumped it back into their economy by " investing " in infrastructure.

    They did exactly what every Lib on this board is calling for and it didnt work.

    Now they're going for broke ( it will break them ) and entering into massive Monetary stimulus to try and fix what debt levels that exceed 200 percent of their GDP couldn't

    Liberals and Progressives have no concept of humility.

    They will never admit it was their policies that caused so much suffering and pain. I mean 6 years in and they're STILL blaming Bush.

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    Re: European Central Bank adopts negative interest rates

    Quote Originally Posted by grip View Post
    Times have changed and large businesses are no longer friendly. They'd have us working for pennies, like they did in the 30's before unions. Capitalism is simply a cut throat, business model and movies like "Wall Street" and "The Wolf of Wall Street" shed light on that fact.
    Marxist crap.

    Its been debunked time and time again.

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