Is Obama A Keynesian?

[LiberalNut]

You are onto something.

He's onto nothing. From 1933 to 1937, the economy boomed. When FDR abandonned Keynesianism in 1937, we crashed again. Since WWII, the great American middle class was formed and the length, severity and frequency of downturns have all been reduced.

The numbers are what they are. Keynesianism works.

 

[LiberalNut]

Just print a billion dollars per person.

That has nothing to do with Keynesianism. Monetary policy, like fiscal policy has to be counter-cyclical.

Savings, and investment?

Investment is not a function of disposable income. It's a function of expected future profit. Neo-Keynesianism-101.

You sir haven't a clue. Do you know what an ISLM curve is? Yes or no please.

 

[LiberalNut]

iow Keynes was wrong in the long term

1933-2010. He's been right for a loooong time.

 

[FRAGO 242]

It's a tool the government uses to justify their intervention in controlling interest rates.

 

[LiberalNut]

It's a tool the government uses to justify their intervention in controlling interest rates.

That would be half of the theory. The other half would be fiscal. We saw what happened in the UK in the 80s when the government stopped manipulating interest rates. Ask anyone who live through it, it sucked.

 

[FRAGO 242]

The Bank of Japan has also manipulated interest rates (currently at 0) and look where they are right now and where they have been the past decade.

 

[LiberalNut]

The Bank of Japan has also manipulated interest rates (currently at 0) and look where they are right now and where they have been the past decade.

Japan is unique in so many ways that it can't really be compared to any western economy, with the possible exception of France but that comparison isn't so hot either. Suffice to say that your analysis is so simplistic that it essentially amounts to an ad hoc ergo propter hoc fallacy.

Do you know what an ISLM curve is?

 

[Liberty]

its a macroeconomic chart that literally no one can understand without a degree. IF you have a point, make it.

 

[LiberalNut]

If you can't understand the ISLM curve, you don't belong in this thread. Run along now and post some pictures with bubbles talking smack about liberals. make sure to vote tomorrow for people who will lower my taxes so I can buy more real estate. That's in your best interests, really it is. Really.

Bye now. You can have a cookie if you want.

 

[loosecannon]

You are onto something.

He's onto nothing. From 1933 to 1937, the economy boomed.

no it didn't, it improved, but was still horrible.

 

[McDowell's]

Umm, the thread is about goofballs at the Rally to Restore Sanity not a debate of Keynesian economic theory and its effectiveness. So, in all actuality, you do not belong in this thread. But nice hijack.

 

[loosecannon]

iow Keynes was wrong in the long term

1933-2010. He's been right for a loooong time.

You are a loon. There has been one great depression, one great recession and 4 deep recessions since then. While more than half the world didn't even adopt Keynes approach during most of that period.

You aren't serious are you? Just a partisan?

 

[loosecannon]

The Bank of Japan has also manipulated interest rates (currently at 0) and look where they are right now and where they have been the past decade.

They followed the advice of monetarists like Krugman.

 

[LiberalNut]

no it didn't, it improved, but was still horrible.

Ummm, GDP reached pre-depression levels in 1936 and exceeded them in 1937. So, was 28-29 (before the crash) horrible?

There has been one great depression, one great recession and 4 deep recessions since then.

Dude, the Great Depression ended in 1933. the great recession was caused by abondoning Keynesianism under dubya. 2 of the deep recessions were caused by abandoning Keynesianism under Reagan. the other 2 were caused by OPEC.

The numbers are what they are. Are you even remotely familiar with them?

 

[LiberalNut]

But nice hijack.

You betcha! ::

Ooops, excuse the Palinese.

 

[LiberalNut]

monetarists like Krugman.

LOL! It's now confirmed. You're clueless. You had some more advanced talking points but you know nothing, nothing about economics.

Do you know what an ISLM curve is?

 

[blu]

watching liberalnut destroy people is pretty hilarious. can't wait for the rabbi to jump in with his infinite economic wisdom

 

[loosecannon]

monetarists like Krugman.

LOL! It's now confirmed. You're clueless. You had some more advanced talking points but you know nothing, nothing about economics.

Do you know what an ISLM curve is?

I don't do talking points, grasshopper. And you don't know what monetarism is. But look in the dictionary and you will see Krugman and Greenspan pictured beside the definition. Fool.

 

[LiberalNut]

Krugman is a Keynesian and a "saltwater school" economist.

And you sir are clueless.

 

[barenakedislam]

its a macroeconomic chart that literally no one can understand without a degree. IF you have a point, make it.

I'd love to see that car crash into something.