View Single Post
  #28  
Old Jan 26th 2016, 06:47 PM
Michael's Avatar
Michael Michael is offline
Administrator
Herder of Cats
 
Join Date: Oct 2008
Location: Toronto
Posts: 14,820
Default Re: Keynesianism in 4 Simple Lessons

Quote:
Originally Posted by Tom Palven View Post
And I'd say that despite Keynes claiming that his economic schemes were an effort to save capitalism, Keynesianism is used today as apologetics for the command economics of socialism, and even less useful than Christian prayers because Keynesianism is not only useless, but counterproductive.

That's my humble opinion.
Yes, you've repeated that opinion multiple times, but you've never offered a single concrete example for us to discuss.

And as I've noted [repeatedly], the idea of running endless deficits, or just deficit spending generally is NOT Keynesian at all, no matter how many rightwing pundits assert otherwise. Keynes has nothing to do with socialism or command economies.

Btw, I've never heard of anyone ever using Keynes as an apologetic for a socialist command economy. That usage of the term seems to be entirely unique to US rightwing politics.

Quote:
Originally Posted by Tom Palven View Post
However, I like your quote from The Princess Bride, The Greatest Story Ever Told. My favorite line is "Throw me the rope."
That quote from the Princess Bride is by far the most famous line from that movie. It is in itself, an internet meme.
__________________
Remember what the dormouse said: Feed your head!
Reply With Quote