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Thread: What does the American school of Economics mean to you?

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    What does the American school of Economics mean to you?

    I am asking for a true debate on this subject for or against the current system of Keynesian and Austrian economics over the Old Proven system of American economics.

    What does the American school of economics mean to you?

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    Re: What does the American school of Economics mean to you?

    Quote Originally Posted by Doright View Post
    I am asking for a true debate on this subject for or against the current system of Keynesian and Austrian economics over the Old Proven system of American economics.

    What does the American school of economics mean to you?
    There's no such thing. At least i don't think there is.

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    Re: What does the American school of Economics mean to you?

    Quote Originally Posted by StillBallin75 View Post
    There's no such thing. At least i don't think there is.
    Yes, there is. The American school of thought on economics involves a free market and limited regulation so as not to stifle private sector growth.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: What does the American school of Economics mean to you?

    Quote Originally Posted by apdst View Post
    Yes, there is. The American school of thought on economics involves a free market and limited regulation so as not to stifle private sector growth.
    Yeah. That has nothing to do with the question.

    In terms of economic theory there is no such thing as the "American school of economics."

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    Re: What does the American school of Economics mean to you?

    Quote Originally Posted by StillBallin75 View Post
    Yeah. That has nothing to do with the question.

    In terms of economic theory there is no such thing as the "American school of economics."
    I don't think he meant, "American school of economics", literally.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: What does the American school of Economics mean to you?

    The American School, also known as "National System", represents three different yet related constructs in politics, policy and philosophy. It was the American policy for the 1860s to the 1940s, waxing and waning in actual degrees and details of implementation. Historian Michael Lind describes it as a coherent applied economic philosophy with logical and conceptual relationships with other economic ideas.[1]

    It is the macroeconomic philosophy that dominated United States national policies from the time of the American Civil War until the mid-twentieth century[2][3][4][5][6][7] (closely related to mercantilism and prior to Keynesian economics, it can be seen as contrary to classical economics). It consisted of these three core policies:
    1.protecting industry through selective high tariffs (especially 1861–1932) and some include through subsidies (especially 1932–70)
    2.government investments in infrastructure creating targeted internal improvements (especially in transportation)
    3.a national bank with policies that promote the growth of productive enterprises rather than speculation.[8][9][10][11]

    It is a capitalist economic school based on the Hamiltonian economic program.[12] The American School of capitalism was intended to allow the United States to become economically independent and nationally self-sufficient.

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    Re: What does the American school of Economics mean to you?

    The American system HAS NOTHING TO DO WITH FREE TRADE!

    Free trade is BAD! Free trade is colonialism or Imperialism in disguise. The moral category is wide, including concerns of income inequality, environmental degradation supporting child labor and sweat shops, race to the bottom , wage slavery, accentuating poverty in poor countrys harming national defence and forcing cultural change.

    Free trade creates a Two class society of rich and poor.

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    Re: What does the American school of Economics mean to you?

    Quote Originally Posted by Doright View Post
    The American School, also known as "National System", represents three different yet related constructs in politics, policy and philosophy. It was the American policy for the 1860s to the 1940s, waxing and waning in actual degrees and details of implementation. Historian Michael Lind describes it as a coherent applied economic philosophy with logical and conceptual relationships with other economic ideas.[1]

    It is the macroeconomic philosophy that dominated United States national policies from the time of the American Civil War until the mid-twentieth century[2][3][4][5][6][7] (closely related to mercantilism and prior to Keynesian economics, it can be seen as contrary to classical economics). It consisted of these three core policies:
    1.protecting industry through selective high tariffs (especially 1861–1932) and some include through subsidies (especially 1932–70)
    2.government investments in infrastructure creating targeted internal improvements (especially in transportation)
    3.a national bank with policies that promote the growth of productive enterprises rather than speculation.[8][9][10][11]

    It is a capitalist economic school based on the Hamiltonian economic program.[12] The American School of capitalism was intended to allow the United States to become economically independent and nationally self-sufficient.
    I didn't know that. Do you have any links?

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    Re: What does the American school of Economics mean to you?

    Quote Originally Posted by StillBallin75 View Post
    I didn't know that. Do you have any links?
    American School (economics) - Wikipedia, the free encyclopedia

    There is the whole link to the beginning of what Doright posted.

    The basic idea behind American Economics is what a federal government can do to best help develop industries, whether through direct or indirect means. Alexander Hamilton is most often associated with it given the role he played in developing the American economy after the American Revolution.

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    Re: What does the American school of Economics mean to you?

    Quote Originally Posted by Doright View Post
    The American School, also known as "National System", represents three different yet related constructs in politics, policy and philosophy. It was the American policy for the 1860s to the 1940s, waxing and waning in actual degrees and details of implementation. Historian Michael Lind describes it as a coherent applied economic philosophy with logical and conceptual relationships with other economic ideas.[1]

    It is the macroeconomic philosophy that dominated United States national policies from the time of the American Civil War until the mid-twentieth century[2][3][4][5][6][7] (closely related to mercantilism and prior to Keynesian economics, it can be seen as contrary to classical economics). It consisted of these three core policies:
    1.protecting industry through selective high tariffs (especially 1861–1932) and some include through subsidies (especially 1932–70)
    2.government investments in infrastructure creating targeted internal improvements (especially in transportation)
    3.a national bank with policies that promote the growth of productive enterprises rather than speculation.[8][9][10][11]

    It is a capitalist economic school based on the Hamiltonian economic program.[12] The American School of capitalism was intended to allow the United States to become economically independent and nationally self-sufficient.
    One-Tariffs cause wars. Tariff and shooting wars. That's a negative
    Two-Eisenhower's Highway system was a master stroke, a real success. Jimmy Carter tried to initiate the same type shift with energy and could not get any suppot. Energy conservation and common sense. Hindsight will prove him to have 20/20 foresight.
    Three-We have national bank policies that promote the growth of banks to try and make old debt smaller by comparison. I see no enterprises that create labor and commerce at local levels supported by the Federal Reserve Corporation.
    Our Treasury colludes with the Fed to promote confidence and faith in the fiat and keystroke currency that is printed 24/7. As long as the world is confident that their faith in the currency is fed by daily ablutions of more confidence and continued faith, all is well. Ain't that a hell of a base for a money. Ya' got's to have faith brotha. I got's a nice used car for you and I'm confident that your continued faith in my confidence will reward you confidentially.

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