LiberalNut
Member
- Oct 22, 2010
- 741
- 49
- 16
Goodness, the big titted gun toting moron. Never mind economics for you.
Barenaked, 1+1=2 2+2=4
More lessons tomorrow.
Barenaked, 1+1=2 2+2=4
More lessons tomorrow.
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Goodness, the big titted gun toting moron. Never mind economics for you.
Barenaked, 1+1=2 2+2=4
More lessons tomorrow.
I've watched this video, and the thing I notice is that the interviewer purposefully misstates Keynesian to make it sound like "Kensian" and then correctly pronounces it after the people mistakenly think he's talking about Obama's birthplace.
The only thing wrong with the stimulus package is it was too small and it allowed too many grants for job creation that would not occur for a number of years.. It should have been 1 to 1.2 trillion with more focus on immediate job creation. If so, I think unemployment would be about 8 percent. I can only guess that Obama was trying to appease Republicans which was a big mistake.How's that Stimulus Package working out?
Not bad for the limited size and scope. An economy that was shedding about 800,000 private sector jobs a month was turned into one that's creating them at about 60,00 a month. Clearly more is needed.
But the model. Do you have any substantive difference with it? Do you know what the ISLM curve is?
It will be a long, long time before we know whether that is true, and to what degree both Friedman and Keynes were right and wrong.
Sorry dude, Keynes was and is right. Since the adoption of Keynesianism, the length, severity and frequency of economic downturns have all been drastically reduced. The great American middle class was created by Keynesian economics, and eroded under the supply-siders. There's a reason why the Keynesian model dominates in all free market economies with democratic governments. It just fucking works.
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.
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.