Mr. Keynes told me...
 

Wonder if Obama would get the message behind this, doubt it.Really will never get how supposedly intelligent people believe Keynes's theories would work then or now, they never have and never will.:arrgh!:


http://i91.photobucket.com/albums/k2...5/mrkeynes.jpg

Way to take things out of Context

After all, Mr Clive told me, businesses should conquer countries to gain a sustainable source of income. Mr Smith told me that there is an invisible hand to guide me. Mr Mao told me that we should tear up on textbooks and lynch our teachers. Mr Mussolini tould me that fascism is best since the trains run on time.

Well duh. It's invisible, you're not supposed to see it, silly.

Yeah, the one time we listened to something they taught us in the school's history class and then heard complaints about taking it too literally.

I have a national railroad company that could use one of those as its head executive, then.

I'm on the other hand wondering: Marx told me the inevitable revolution would make me happy. Lenin told me I shouldn't listen to Marx, because I'm too stupid to understand what happiness is on my own. Stalin told me I shouldn't listen to neither of them. That's pretty much the only thing he told me.

Mssrs. Reason and Logic told me that you still don't get it.

I get it Steve, it is you who do not get it.You take always try to stay "neutral" and not take a side, you feel somehow you are above it all when you are not, you are a cynic who thinks there is no black and white at all in the world, you believe everyone's opinion, vision etc is equally valid when they are not.Stupidity is never valid and keynesian economics is that, STUPID.Even more stupid when it is easy to see that it has never worked, ever. While the collapse was not his fault, as every president before him shared blame for kicking the can down the road on our large, institutional issues such as entitlements and dumb moves such as Clinton's deregulation of the banks in 99 or Bush's failure to address said issues and how he spent money like a liberal, some share more blame than others but Obama's keynesian policies are why we have a stagnant economy and 6 trillion in debt in less than four years.Too many people ignorant of history believe this crap works, it never has, never will, ever.Did not work for FDR as WW II and the wartime economy is what ended the depression.Obama refuses to change course, he thinks more spending will do it, it will not.Especially with the huge tax hikes coming in January.

:arrgh!:

I take it this is less about AE = A + mpc(Y) than I'm smarter than my liberal professors

And there are those who only see this.
http://tos.trekcore.com/gallery/albu...efield_271.JPG

You have declared your thesis, now its time to prove it. Burden of proof is in you not your listeners. Don't expect that others take what you say at face value.

I'd be careful about using formulae and algorithms; he probably doesn't know how they work (probably thinks they're a liberal plot)... :)

<o>

Actually, economic theorists would not conclude that. The community is split on the effectiveness of the various Keynsian policies, with many economists actually crediting them with effectively saving capitalism in past times of crisis.

Condescending Wonka is my favorite meme.

Yes, and the half that believe that allow their ideological views to skew their objectivity.How can anyone honestly say keynesian policies have worked? I will be kind and say maybe they stopped the bleeding(actually think the economy bled out as much as it was going to personally, what goes down must come up kind of thing)but his policies have not promoted real growth especially for the cost, 6+ trillion in debt.FDR's policies were keynesian, they did not work for what was spent , WW II and the wartime economy pulled us from the depression, without it, things would have remained not so great, to put it lightly.One could argue it stopped the bleeding but again the economy of the 20's had bottomed out fully, what goes down must come up, but it can only go so far unless proper policies are in place to promote growth and FDR's did not.Unemployment was 14.6% in 1940, no doubt real unemployment was higher as it was today, after years of the so called new deal policies, 1942 it was at 4.8% once wartime economy was kicking in and in 1944 it was 1.8% as wartime economy was running at full steam.Move forward to 2009, really is ignorant of reality to think a 16 trillion dollar economy can be sufficiently stimulated by "stimulus" and bad loans to solyndra, nationalizing industry etc, even in the wild amounts that were spent on stimulus, just not going to help things. Creating an environment friendly to business and investors is what works, more jobs, more pay, more tax revenue comes in, more consumer spending, stronger economy.Really is so simple, only those with an agenda other than a strong economy can honestly promote policies such as those of obama.

Come January thanks to tax hikes such as capital gains going from 15% to 20%(plus 3.8% new tax from obamacare totaling 23.8%) and no longer taxing qualified dividends at the lower rate of long term capital gains with other tax hikes affecting everyone from the investor class to middle class to retirees totaling 494 BILLION, thinks are about to tank again.Reasonable tax increases(not income if possible) would be okay if the economy were strong, it could handle it, could use it to get us to a balanced budget and eventually get debt under 100% of GDP again, as a long term goal.Bottom line is, keynes policies have never really worked, the evidence is there, remove ideology and just looks at what has worked and what has not.For those who forgot, the past four years have taught us what does not work.Assuming Romney wins, the next four should remind everyone what works.



To the snarky "oh he must have just discovered keynes), I have known this for years, it was an economics class that actually turned me away from democrats the most as their economic policies of over tax the business/investor and big government spending, attempted manipulation of the economy etc just does not work.I found the card amusing and posted it.

True, but as everything is not black and white, everything is not in a gray area.There are some things in life that are black and white.For example, one way that works and another does not.Two employees are asked to find a way to reach the same goal by their boss, they both have different ways, but one has the better, more efficient way than the other, it is pretty black and white who you chose.Same with politics, economics etc, one way works, other does not and history as shown that.Now where that gets skewed is a lot of people who vote are too ignorant and do not fully understand things , they fall for rhetoric over reality.

Nope, not a cynic at all. Just someone who looks at all sides of the picture. It keeps going right over your head. It's okay to make a judgement and take a side, but you constantly spout the same rhetoric. For the hundredth time, it's not what you say, it's how you say it. Your words betray you every time you write something. Did you notice how this time nobody took you seriously? Every post made fun of you. Every single one. Doesn't that tell you anything?

No, you still dont' get it. You've made yourself a laughingstock here, and every time you try to be serious you just make it worse. Sorry to be harsh, but you just refuse to learn. You are young, and you don't know anything yet. I'm old, and I still don't know anything. The difference is that I've learned that I don't know anything. I've also learned how to tell when someone actually does know something or when he's just repeating what he's been told. Unfortunately it's painfully obvious to everyone but you that you fall into the latter category.

You don't know anything either.You're just another stupid liberal college professor, why should we listen to you.

Oh, speaking of economic theories that never worked...

http://i.imgur.com/YopvY.jpg

Sounds like someone else I know.

The crash of 1929 was not a simple case of 'what goes up must come down'. It was the irresponsibility of investors in the so-called speculative boom that precipitated this fall. Sorry, but it was the private sector that drove America off the fiscal cliff. It was government that enacted to end the sort of speculative deals that made the crash possible. While government is ceratinly not always the answer, this sort of ruins your narrative, no?

http://data.bls.gov/timeseries/LNU04...ds=Annual+Data

The problem with your assumption about the wartime economy is that in 1950 the unemployment rate was 5.3%, down from 5.9% the year before. With the war industry jobs long gone, the Keynsian mesures still in place, and some 10 million Americans looking to get back into the labor force (http://www.sss.gov/induct.htm), one would have expected the rates to return to their pre-war state. It didn't happen. Maybe there is something to that Keynes stuff after all?

That auto bailout put the industry back on it's feet. Like it or not, it worked.

Now we're not even talking about Keynes anymore. What about Keynes? Looks like Keynes stopped the bleeding again. Seems thematic.

Well, we've got a young college guy who thinks he knows everything, never mentions Keynes and then suddenly is posting about Keynes all over the forum. You do the math.

Gah, no!!! The truth of conservatism. It burns! Hisssssssss........

I should also point out that it's bizarre to talk about Keynsian economics as a policy - I don't think any state or party had ever adopted them wholesale. If we're talking about the idea of deficit spending - well, that's just another tool in the shed of capitalist economies. Like any tool, there's good uses for it, and there's not terribly good uses for it. Same goes for practically anything. Any economic policy based purely on ideology is, by default, stupid. Any economic policy that throws out a tool based on ideology is just as stupid.

Hmm, it would appear based on this thread that college isn't nearly as respected as I thought. You guys make it and its students sound like our high school with your comments. :06:

Edit: Oh, and sig line once again.