Keynesian economics 101

AP News reported:
President Barack Obama is taking aim at Senate Republicans, accusing them of playing politics with measures that would extend benefits to the unemployed and increase lending to small businesses.
Striking a deeply partisan tone in his weekly Saturday radio and online address, Obama said the GOP leadership has chosen to “filibuster our recovery and obstruct our progress” by blocking votes on agenda items the president says would breath life into the economic recovery.
“These steps aren’t just the right thing to do for those hardest hit by the recession,” Obama said. “They’re the right thing to do for all of us.”
The address was recorded at the White House before Obama flew to Maine on Friday for a weekend family vacation.
Lawmakers have been battling for weeks over extending unemployment benefits to workers who have been out of a job for long stretches of time. The last extension ran out at the end of May, leaving about 2.5 million people without benefits…
The $34 billion needed to extend benefits would be borrowed, adding to the nation’s mounting debt. Republicans have tapped into the public’s anger and concern over that debt, saying they would only support extending benefits if the bill was paid for.


 
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Supply side and demand side economic models are merely two sides of the same Keynesian coin.

There is no "conservative angle" to economics any more than there's a "conservative angle" to meteorology. There's a vast difference between telling me what the weather will probably be like tomorrow and why, and making the claim that you can turn a rainy day into a sunny one by printing up some extra tickets to the ball game.

c'mon, dude. keynes whole thesis is based on the role of demand in the business cycle. contrary to say's law theorists.

the conservative angle on economics does exist in my opinion. it is contrastible to keynes' stance, and holds that the supply side of private sector is suited to support the health and growth of an economy with the government relegated to a minimum of tasks, and leaving monetary policy - at the most conservative end of the spectrum - to banks and the deposit window.

basically conservative, supply-side economics maintains that government should not attempt to direct the introduction of cash into the economy to support demand as keynes suggests, rather, that poliy should support supply in an economy, reducing taxes on businesses and reducing support for demand.
 
why bother criticising economic policy if you cant recognize that all applied, real world economics is facillitated by governments and is political by extension? it has been this way since the dawn of society.

i guess we disagree about supply-side economics, and even on the need to present a bit of substance for such claims as you've made on the topic. that you imply the supply-side approach is an evolution of keynes' demand model betrays a root of your misunderstanding: a loose and idealized grip on political and economic history.
 

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