Publius1787
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- Jan 11, 2011
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Economics For Dummies. Keynes or Hayek?
[ame]http://www.youtube.com/watch?v=d0nERTFo-Sk[/ame]
[ame]http://www.youtube.com/watch?v=d0nERTFo-Sk[/ame]
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Dummies and shameless political opportunists go with Keynes.
Thinkers go with Hayek.
Like the vid said, Keynes believed that you can push a thread.
He was, and still is, wrong.
No, threads.
Go ahead...Try to push a thread, or a sting, or a rope....Tell us how that works out.
It's an old analogy....Has to do with human nature.No, threads.
Go ahead...Try to push a thread, or a sting, or a rope....Tell us how that works out.
Interesting. Where did you get that analogy from? I like it.
Oh, Keynesian voodoo has been empirically proven....WRONG!Both were philosophers of political economy. Neither empirically tested their ideas.
No philosopher is completely right or completely wrong, though Hayek was probably "more right" than Keynes.
But its a false dichotomy. Both contributed to our understanding of human behavior.
Keynes knew what he was talking about, so did Hayek. Keynes believed in a world where the beurcracy could be trusted.
Wrong,. Ignorant jackasses incapable of independent thought make post like yours.Dummies, shameless political opportunists and authoritarian central planners go with Keynes.
Thinkers go with Hayek, von Mises, Friedman, Skousen, etcetera.
And when it came to historical sociopolitical trends as they tie into the forms of economic systems and the control of wealth and the means of production- and how they continue to repeat, Marx and Engels called it.Keynes knew what he was talking about, so did Hayek. Keynes believed in a world where the beurcracy could be trusted. He was wrong about that. Hayek grew up in Habsburg Austria. He knew better than Keyens about how far politicians could be trusted. (About as far as I could toss Shoenbrun)
But when it comes to Math, Keynes was right. When it comes to the darker parts of the Human Soul, Hayek knew better.
And when Mises and the rest tell us individual greed and oligopoly is best for all, I remember the condition of the working class in England back in the 'good ol' days'It's an old analogy....Has to do with human nature.No, threads.
Go ahead...Try to push a thread, or a sting, or a rope....Tell us how that works out.
Interesting. Where did you get that analogy from? I like it.
Seems that when all the Keynesian "experts" claim that folx will spend their money, they do other things with it, like saving or paying off their credit lines.
History shows us that stimulus programs can play an important role in kick-starting the economy, especially when it puts money in the hands of those most likely to spend it.Oh, Keynesian voodoo has been empirically proven....WRONG!Both were philosophers of political economy. Neither empirically tested their ideas.
No philosopher is completely right or completely wrong, though Hayek was probably "more right" than Keynes.
But its a false dichotomy. Both contributed to our understanding of human behavior.