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They've harkened back to Ted Kennedy, Carter and MLK on the first night; and the GOP are the ones that should be on black and white television? Me thinks it's the pot calling the kettle black.
This has been more a get out the vote convention, than anything else.
OOOPS, Julian Castro just thanked God. <faint>
Youthinks? So much different from the Repub convention, eh?
Yeah, black and white TV - the "Ozzie and Harriet" world to which low-information repubs yearn to return. An era of festering but hidden problems. A simple time when everybody "had their place".
I think perhaps its clear that stimulus as stated by Obama and what it was was taolly two different things ;in fact. Its was never i practice a massive infrastrucure spending with huge numbers of jobs created. that has long been forgotten. Eve his fellow democrats have not supported anther such spendig program by votes.He can't even get a budget pass his own party now.
Gawd - total conjecture or (?). Conservative media your news source. Keneysian govt involvement too much for you - so you make stuff up.
Reagan was the best Keynesian we ever had. Massive deficits directly spent on da gubement. However because it was the military, it got a nice shinny conservative hood ornament. Even better is that it helped the economy from an employment stand point as predicted, but also fundamentally altered the economy more towards the military industrial complex according to the less reputed nature of Keynesian command economic policy, as predicted.
Reagan and Keynes is like two peas in a pod.
Obama on the other hand ran a deficit which looks like a great Keynesian hood ornament...but he gave it to bankers which makes him the premier Chicago School Monetarist.
Does anyone even see the duck? I can't see cause its raining quails.
Reading this thread makes me sad at the large number of people who have only a tenuous understanding of Keynesian economics at best.
So far aside from what I have said Pghquest is probably the only other person who has mentioned Keynesian policies and actually understands what they are. Granted though I think there were times when the debt was declining relative to GDP.
Quote:
Originally Posted by pghquest
There are two sides to Keynesian policies, one that involves spending, the other involves saving.. Since American NEVER saves, what we do cant possibly EVER be called Keynesian..
FAIL..
And thats not even disputing the ridiculous statement that the stimulus works, because there are multitude types of stimulations.. Not all of them are the same.
Reading this thread makes me sad at the large number of people who have only a tenuous understanding of Keynesian economics at best.
So far aside from what I have said Pghquest is probably the only other person who has mentioned Keynesian policies and actually understands what they are. Granted though I think there were times when relatively speaking the debt was declining relative to GDP.
+1
That's a recent phenomena since I kept lampooning him for screwing it up himself. It really helps to actually read the book. General Theory of Employment Interest and Money.
That's a recent phenomena since I kept lampooning him for screwing it up himself. It really helps to actually read the book. General Theory of Employment Interest and Money.
It does. When you actually read Keynes he clearly states that it is important to fight inflation during boom times by raising taxes and cutting spending. At the time he was president Reagan had the some of the best GDP growth since the go-go 1960s. If he were Keynesian he would not have followed the spending and tax polices he did. He was a classic supply-sider.
Keynes is all about regulating the business cycle not just endlessly stimulating it without rhyme or reason. That is simply a characature of Keynesian economics set up to discredit it in lieu of having a legitimate argument.
It does. When you actually read Keynes he clearly states that it is important to fight inflation during boom times by raising taxes and cutting spending. At the time he was president Reagan had the some of the best GDP growth since the go-go 1960s. If he were Keynesian he would not have followed the spending and tax polices he did. He was a classic supply-sider.
All true but he unwittingly proved the Keynesian concept by causing a flare up the theory predicts. For my part I am a Keynesian in descriptions , but less so in prescriptions. Though frankly the Keynesians and the Austrians are the only one's with a clue right now since they actually do know where the problem is. They both are acutely aware that money is a barbaric estimation of value. One seems to view it by its inherent faults while the other its inherent corruption. One thinks you need to jack with it while the other wants to keep bad people from jacking with it. They are indeed of the same religion but viewing each other as heretics.
Its not really a tough concept, but it must be learned. When you have a real surplus, you run an account deficit which perversely looks like da guberment is running out of money where in fact the state is full of capacity. It also tries to use goods directly to avoid "money" which is always fundamentally psychological no matter what you do. This avoids people taking stimulus and saving it where is becomes green mattress stuffing and fails to use goods and services.
When the state is over using its resources then it perversely should appear to be flush with cash running an account surplus. Not a mystery why people are confused but they sure are.
Reading this thread makes me sad at the large number of people who have only a tenuous understanding of Keynesian economics at best.
So far aside from what I have said Pghquest is probably the only other person who has mentioned Keynesian policies and actually understands what they are. Granted though I think there were times when the debt was declining relative to GDP.
That's a recent phenomena since I kept lampooning him for screwing it up himself. It really helps to actually read the book. General Theory of Employment Interest and Money.
I've never ONCE stated facts about keynesian policies that were wrong. Maybe you can point them out to me..
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