Discussion in 'Economy' started by Kevin_Kennedy, Jan 22, 2009.
Can Fiscal Stimulus Revive the US Economy? - Frank Shostak - Mises Institute
The bread baker analogy explains the process at an elementary level so everyone can understand what's going on.
I'm sure there will still be people coming along to challenge it in the face of the facts, though. Why? As Toro says, ideologists vs. empiricists.
Some guy from the "Ludwig Von Mises" Institute? Never heard of it.
Can you please explain to me why, every developed country on the planet is pursuing keynesian fiscal stimulas right now?
If these Baron Von Ludwig dudes are correct, and their argument so compelling and convicing, why are they being roundly ignored? (Please, rational answers only, no conspiracy theories about an international collusion against libertarians).
One has to wonder who is loaning the money for all these stimulus programs? It used to be China, but they are about tapped out. So who else is cash heavy enough to float loans to all these stupid fools?
Did you have anything to say about the article or did you just want to spout nonsense?
Can I have an each way bet?
Just a question though. If Keynes isn't the way to go, what is and why?
My answer should be obvious, but the Austrian way is the way to go. The Austrians realize that the recession is necessary because it is the time where the market attempts to correct itself.
What happens if the market fails in its attempt to correct itself?
I'm not sure what you mean.
The Austrian Government has proposed and is implementing a massive economic stimulus package that includes spending on infrastructure, road, rail and other public works. Specifically to address unemployment and the financial meltedown.
"Economic package: Chancellor Faymann expects 8 billion euros"
News from Austria : Federal Chancellery of Austria
So, I don't think its accurate for you to say "The Austrians" are employing your theores of antiquated lassaize faire capitalism.
Maybe your Baron Von Ludwig Institute is promoting that. But Austria as a nation and government isn't.
Why do you think the Austrian government is employing Keynsian stimulus? I'd love to hear your theories on why the Baron Von Ludwig Institute is being totally ignored.
Separate names with a comma.