View Poll Results: Do you support Keynesian economics?

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  • Yes

    12 42.86%
  • No

    13 46.43%
  • Don't Know

    2 7.14%
  • Don't Care

    1 3.57%
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Thread: Do you support Keynesian economics?

  1. #71
    User GreatMisdirect's Avatar
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    Re: Do you support Keynesian economics?

    If you want to learn about the basics of Austrian economics relatively quickly, I highly recommend "Meltdown" by Thomas E. Woods. The Austrians (and they're not really Austrians, by the way) have predicted just about everything that's happened in the economy since the Great Depression, including the recent housing collapse (see Peter Schiff's Mortgage Bankers speech in Nov. '06).

    Tom Woods also has an excellent resource page on his site. Many of the books listed you can download/read online as PDFs. "Economics in One Lesson" by Henry Hazlitt and "The Case Against the Fed" are a couple of my favorites.
    My Principles - Please read them to understand my perspective and get an idea of what I truly believe, not just politically, but philosophically.

  2. #72
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    repeter's Avatar
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    Re: Do you support Keynesian economics?

    Quote Originally Posted by GreatMisdirect View Post
    Wow, you really have no clue, do you? Companies exist to serve their customers. If they don't serve their customers properly, they go out of business and/or get sued.

    If you think government exists to protect us from companies, that's also totally wrong. Government regulations exist to make it more difficult for small businesses to compete with the giants because of all the red tape and extra costs involved in starting up a business.

    What research have you actually done to back up your position? Any?

    Do you work for a company? Would you say that your company tries to screw its customers?

    Governments forcing companies to act a certain way is useless, even when it's safety related. If an airline, for example, had a plane go down because of a poor safety inspection, the company would have a huge mess on their hands. They don't need to be fined on top of that because they'd already be in a helluva lotta trouble with their customers. "What? Delta's plane crashed because of a poor safety inspection?! Screw that, I'm flying Southwest!"

    The same goes for any other service or product, including energy and water. Do you think the water company is out to NOT screw its customers just because it's owned by the government? If anything, they're more inefficient because they don't have any competition. As you should've learned from economics 101, competition is the key to efficiency and lower prices. When the government has a monopoly on an industry, it might as well be just as bad as a monopoly by a private company. They care less about customer service because they know consumers don't have any other options. If it's a necessary service (or virtually necessary, as I guess you could survive without water), the consumers have no choice but to give that company their money. And the company can charge whatever they want.

    Consumers are the ultimate driving force in the economy and they determine where all of the money goes. Because of the abundance of a country like America, the multiple options we have when going out to buy anything is tremendous. To argue that companies would prefer to screw their customers rather than win them over with great customer service, quality products, and cheap prices is utterly ridiculous and goes against all logic.
    I can give you an example of a company that is screwing over its consumers, who don't even realize it. Note, I'm not suggesting government regulation of it, I'm pointing out that there are companies that screw over their consumers. It happens often enough, mainly when the consumers don't realize it, and it therefore it doesn't hurt the company to do it.

    MTV is slowly contributing to the degredation of morals, values and ethics of teenagers around the country. Yet they continue to watch it, and in increasing numbers no less. If you've seen some of the shows they play, you know what I'm talking about. Its pure trash, that people idolize, and attempt to recreate in their own lives. And thus, consumers get f**ked by a company, and ask for more.
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  3. #73
    User GreatMisdirect's Avatar
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    Re: Do you support Keynesian economics?

    Yeah, well, that's what happens when we have free speech. The degradation of society can occur through any format, really, including government. Frederic Bastiat wrote about it in "The Law," which if you haven't read, is probably the shortest, most enlightening book I've ever read. Highly recommended.
    My Principles - Please read them to understand my perspective and get an idea of what I truly believe, not just politically, but philosophically.

  4. #74
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    Re: Do you support Keynesian economics?

    Quote Originally Posted by repeter View Post
    MTV is slowly contributing to the degredation of morals, values and ethics of teenagers around the country. Yet they continue to watch it, and in increasing numbers no less. If you've seen some of the shows they play, you know what I'm talking about. Its pure trash, that people idolize, and attempt to recreate in their own lives. And thus, consumers get f**ked by a company, and ask for more.
    Yeah, that's not at all self-evident. MTV is trash, but people enjoy trash. You have a long way to go to prove that MTV is destroying morals, values, and ethics. MTV is the opportunistic infection of the disease that is high time preference caused by the expectation that government will always be there to provide no matter what mistakes you make. Father an illegitimate child? You get welfare. Commit a crime? You go to prison and get 3 meals a day. It's a revolting system we have created.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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