View Poll Results: Unemployment....why???

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  • Conservative policies

    22 16.18%
  • Liberal policies

    83 61.03%
  • both

    22 16.18%
  • our greed

    21 15.44%
  • other, please explain.

    26 19.12%
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Thread: Why the unemployment? A poll

  1. #61
    Educator Gabriel's Avatar
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    Re: Why the unemployment? A poll

    Keynesian economics includes counter cyclical policy making. This is where a government saves in good times and spends in bad times. Your incorrect about Keynesian economics being mainstream.. err well at least in the US it isn't.(and Japan) Libertarian fiscal policy has been bi partisan.

  2. #62
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    Re: Why the unemployment? A poll

    Quote Originally Posted by Gabriel View Post
    Which still doesn't disprove what I said that the US follows Keynesian economic policies. Also, there is no single focus of Austrian economics since there are varying degrees of thought regarding it and the point of view I presented is from Mises. Austrian economics is still a minority in the US, which is what I said. The US government adheres to Keynesian economics and has since FDR was in office.

  3. #63
    Educator Gabriel's Avatar
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    Re: Why the unemployment? A poll

    Quote Originally Posted by The_Patriot View Post
    Which still doesn't disprove what I said that the US follows Keynesian economic policies. Also, there is no single focus of Austrian economics since there are varying degrees of thought regarding it and the point of view I presented is from Mises. Austrian economics is still a minority in the US, which is what I said. The US government adheres to Keynesian economics and has since FDR was in office.
    The US has had to resort to Keynesian economic policy as a result of the credit crunch caused by deregulation of the finance industry or else let the global economy collapse. Please take the time and watch these particular lectures. Very interesting stuff.

    EDIT: You might particularly agree with John Bogle being the conservative you are. Bogle kind of skirts the issue IMO though and Eliot Spitzer is more cutting in his appraisal.
    Last edited by Gabriel; 07-18-10 at 07:41 PM.

  4. #64
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    Re: Why the unemployment? A poll

    Quote Originally Posted by Gabriel View Post
    The US has had to resort to Keynesian economic policy as a result of the credit crunch caused by deregulation of the finance industry or else let the global economy collapse. Please take the time and watch these particular lectures. Very interesting stuff.

    EDIT: You might particularly agree with John Bogle being the conservative you are. Bogle kind of skirts the issue IMO though and Eliot Spitzer is more cutting in his appraisal.
    For the past 80 years? Keynes was wrong then and he's certainly wrong now. The problem started with the introduction of the Federal Reserve Note and allowed the competition between the Treasury Certificates and Federal Reserve Note that created a bubble that burst in 1929. Our current problems are the result of the Federal Reserve Bank being implemented in the first place. Prior to that boom-bust cycles were on a 10 year span with the banks promising that under the Federal Reserve Act that they would be able to end that. Unfortunately, they were wrong since the boom-bust cycle has gotten shorter and more severe with each passing cycle. Keynesian Economics are part and parcel of all this, so to blame the Austrian school (a minority view) is wrong.
    Last edited by The_Patriot; 07-18-10 at 07:52 PM.

  5. #65
    Educator Gabriel's Avatar
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    Re: Why the unemployment? A poll

    Quote Originally Posted by The_Patriot View Post
    For the past 80 years? Keynes was wrong then and he's certainly wrong now. The problem started with the introduction of the Federal Reserve Note and allowed the competition between the Treasury Certificates and Federal Reserve Note that created a bubble that burst in 1929. Our current problems are the result of the Federal Reserve Bank being implemented in the first place. Prior to that boom-bust cycles were on a 10 year span with the banks promising that under the Federal Reserve Act that they would be able to end that. Unfortunately, they were wrong since the boom-bust cycle has gotten shorter and more severe. Keynesian Economics are part and parcel of all this, so to blame the Austrian school (a minority view) is wrong.
    Look clearly republicans and democrats have not been Keynesian. Redistributive policy has not been the order. Your completely ignoring the US is quite different from say.. Canada in terms of taxation and social policy for example. The US has been sliding further and further right of center with libertarian economic policy. Spending without revenues in good times and spending without revenues in bad times is not counter cyclical policy.

  6. #66
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    Re: Why the unemployment? A poll

    Quote Originally Posted by Gabriel View Post
    Look clearly republicans and democrats have not been Keynesian. Redistributive policy has not been the order. Your completely ignoring the US is quite different from say.. Canada in terms of taxation and social policy for example. The US has been sliding further and further right of center with libertarian economic policy. Spending without revenues in good times and spending without revenues in bad times is not counter cyclical policy.
    Prove it that the US has been sliding in libertarian fiscal policy. The republicans and democrats are Keynesians since the economic theory allows them to grow the government, spend till their hearts content, and being debt based. There is no such thing as a libertarian fiscal policy since there hasn't been any libertarians with enough pull in the government to enact them.

  7. #67
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    Re: Why the unemployment? A poll

    Quote Originally Posted by The_Patriot View Post
    Prove it that the US has been sliding in libertarian fiscal policy. The republicans and democrats are Keynesians since the economic theory allows them to grow the government, spend till their hearts content, and being debt based. There is no such thing as a libertarian fiscal policy since there hasn't been any libertarians with enough pull in the government to enact them.
    I don't have to prove anything the track record is there. If you would take the time to watch these experts in the field of financial markets you would see that indeed.. they agree that libertarian economics and hence Austrian economics are the order. Now go take a look for yourself or just stop stonewalling the truth. I've already proved my arguement.. now take Bogle and Spitzer to task.

  8. #68
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    Re: Why the unemployment? A poll

    Quote Originally Posted by Gabriel View Post
    I don't have to prove anything the track record is there. If you would take the time to watch these experts in the field of financial markets you would see that indeed.. they agree that libertarian economics and hence Austrian economics are the order. Now go take a look for yourself or just stop stonewalling the truth. I've already proved my arguement.. now take Bogle and Spitzer to task.
    Thank you for your concession. You haven't proven that it is Austrian economics to blame. If anything I proved that you are incorrect in what you said. Have a wonderful day.

  9. #69
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    Re: Why the unemployment? A poll

    Quote Originally Posted by The_Patriot View Post
    Thank you for your concession. You haven't proven that it is Austrian economics to blame. If anything I proved that you are incorrect in what you said. Have a wonderful day.
    ok if you blindly say so.. self regulation is an axiom of Austrian economics. It is clear that both the experts agree it has failed. Deregulation has been an economic policy of both the republican party and democratic party with a much much larger emphasis in the right wing because of the focus on individual self regulation.

    Spending .. erratically on social programs or what have you is no counter cyclical policy. Cutting Taxes, deregulation, pushing for decentralised powers, .. on and on. Whatever pathetic form of healthcare system you have it is completely privatised. Only a completely ignorant idiot would see your system as redistributive compared to other states that have it implemented regularly. Austrian economics is the cause of your global economic collapse and hence the desperate need for jobs.

    To say Keynesian economics is the cause of the financial crises is both intellectually and morally wrong. America is a baston of socialism? Come on you can do better then that.

  10. #70
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    Re: Why the unemployment? A poll

    Quote Originally Posted by Gabriel View Post
    ok if you blindly say so.. self regulation is an axiom of Austrian economics. It is clear that both the experts agree it has failed. Deregulation has been an economic policy of both the republican party and democratic party with a much much larger emphasis in the right wing because of the focus on individual self regulation.

    Spending .. erratically on social programs or what have you is no counter cyclical policy. Cutting Taxes, deregulation, pushing for decentralised powers, .. on and on. Whatever pathetic form of healthcare system you have it is completely privatised. Only a completely ignorant idiot would see your system as redistributive compared to other states that have it implemented regularly. Austrian economics is the cause of your global economic collapse and hence the desperate need for jobs.

    To say Keynesian economics is the cause of the financial crises is both intellectually and morally wrong. America is a baston of socialism? Come on you can do better then that.
    Strawman all the way through as well as attributing to me things I never said that lead you to hyperbole.

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