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I've never ONCE stated facts about keynesian policies that were wrong. Maybe you can point them out to me..
Sure. I have seen you talk about Obama's stimulus as Keynesian when you included such socialist welfare programs like food stamps. That isn't Keynesian. It does not activate the labor surplus by putting people to work to create real value. Keynes did not advocate pet ownership. He advocated feeding beasts of burden to do work. It might have a Keynesian multiplier, but it sure isn't the theory. The best way to implement the theory is for things that da guberment would need anyway like sewers, roads, bridges which makes stuff. Hover damn is Keynesian.
I was also bemused when you lauded Tiger Wood's eX when she leveled a house and created jobs (broken window theory) which is a novel abuse of the Keynesian concept in the actual destruction of the physical surplus. That's even worse in what one might call warfare Keynes which is great for employment but not so much for wealth. You did all that while claiming to hate the theory conflating it with socialism like the usual conservative I grew up around. Hell when I was a stupid college kid I used to use that crack against the democrats "Oh those stupid Keynesians".
MMT is how it works but I say that as description not necessarily an endorsement. Its simply what our money has become. If anyone wants to understand our money they either learn MMT or just essentially babble economic nonsense.
The one unfortunate hitch is that its not a stable MMT platform. Its a reserve currency caught in Triffin's dilemma and operates outside US jurisdiction.
Instead it would pair a cheaper dollar with big regressive tax cuts and a burst of military spending only partially offset by cuts to domestic programs.
You know sadly, if I were on the Republican ticket, I guess I'd have to do the same thing pretty much like Reagan. Pretend you are just a good ole conservative with Military spending to undermine the FIRE sector stranglehold not only on the economy but on the debate. Its better than nothing.
Even Paul Ryan loves the Keynesian policy of economic stimulus... as long as it's a Republican President pushing it...
Quote:
We have a lot of laid off workers, and more layoffs are occurring. And we know, as a historical fact, that even if our economy begins to slowly recover, unemployment is going to linger on and on well after that recovery takes place. What we have been trying to do starting in October and into December and now is to try and get people back to work. The things we’re trying to pass in this bill are the time-tested, proven, bipartisan solutions to get businesses to stop laying off people, to hire people back, and to help those people who have lost their jobs. . .
We’ve got to get the engine of economic growth growing again because we now know, because of recession, we don’t have the revenues that we wanted to, we don’t have the revenues we need, to fix Medicare, to fix Social Security, to fix these issues. We’ve got to get Americans back to work. Then the surpluses come back, then the jobs come back. That is the constructive answer we’re trying to accomplish here on, yes, a bipartisan basis.
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