noam chomsky vs milton friedman

[EdwardBaiamonte]

Growing economies, and rejecting right wing failure isn't ignorance.

dear, the Great Depression is hardly a good example of growing an economy. Why not think before you post?

 

[Jroc]

There is no such thing as a "right wing establishment" There is a Republican party establishment and most of them are part of the problem, along with the leftist crony capitalist like Obama and the rest of the Dems

got it; so what are you, a communist? Care to share?

Constitutional conservative... You?

whats a Constitutional conservative if not a Republican?

Sure i vote Republican, but cant stand the crony capitalist, bullshit that goes on within the entrenched, establishment types who've been in congress for way too long

 

[EdwardBaiamonte]

There is no such thing as a "right wing establishment" There is a Republican party establishment and most of them are part of the problem, along with the leftist crony capitalist like Obama and the rest of the Dems

got it; so what are you, a communist? Care to share?

Constitutional conservative... You?

whats a Constitutional conservative if not a Republican?

Sure i vote Republican, but cant stand the crony capitalist, bullshit that goes on within the entrenched, establishment types who've been in congress for way too long

well, they will be replaced by libertarian types as soon as the voters voter for enough libertarian types.

 

[Shanty]

Friedman wasn't the one who put natural resources in the US.

dear, Japan has no resources and is about biggest economy. Saudia Arabia has tons and is poor. Can you understand?

Princess,
Of course it's how resources are used, even if they are imported..

but dear you didn't say that, you said we were successful because we had resources! reread your post!! We are successful because we have Republican capitalism, not because we have natural resources.

We used our natural resources and produced things in the US. Japan was able to capitalize on the use of shipping. But in the end, we kicked their ass because it's far easier to have the resources in the nation and easily utilized, then Japan does.

 

[Shanty]

. Anyway, Milton Friedman was a great statistician and not so great economist. His views are treated as shit, even by the right wing lunatic establishment in Washington DC.

dear, please name a substantive idea of Friedman's that is mistaken or admit as a typical liberal you lack the IQ to be here. Thank you.

His assertion that monetary policy alone could counter all recessions.

The Fed is using QE now, which he said would work to end Japan's problems. Obviously he was wrong, because austerity made it impossible for Japan to get out of their doldrums. The same can be said to a lesser degree in the US.

 

[Shanty]

Friedman wasn't the one who put natural resources in the US.

dear, Japan has no resources and is about biggest economy. Saudia Arabia has tons and is poor. Can you understand?

Princess,
Of course it's how resources are used, even if they are imported. Anyway, Milton Friedman was a great statistician and not so great economist. His views are treated as shit, even by the right wing lunatic establishment in Washington DC.

There is no such thing as a "right wing establishment" There is a Republican party establishment and most of them are part of the problem, along with the leftist crony capitalist like Obama and the rest of the Dems

So long as the GOP is right wing and establishment, I'll call them right wing establishment.

 

[Shanty]

Growing economies, and rejecting right wing failure isn't ignorance.

dear, the Great Depression is hardly a good example of growing an economy. Why not think before you post?

I'm trying to bring this down to your level. Snails do better at logic and thinking than you do...

The Great Depression ended when the US spent money on military hardware. First for the Allies in Europe and Asia, then the US itself.

But the New Deal itself wasn't enough to end it. The New Deal spending was enough to lift the economy somewhat, but not enough to end the high joblessness until the US embarked on the largest stimulus spending program ever: WWII. The spending on stimulus did prove Keynes correct.

 

[EdwardBaiamonte]

His [Friedman's]assertion that monetary policy alone could counter all recessions.
.

dear, he did not say that, he simply said it was better than fiscal policy. Got it?

 

[EdwardBaiamonte]

.

The Great Depression ended when the US spent money on military hardware. First for the Allies in Europe and Asia, then the US itself.
.

of course thats 100% idiotic and liberal. If true economists would know it and recessions would never happen because we'd build planes and dump them into the sea to prevent it!! Feel silly like a liberal should??

 

[Shanty]

His [Friedman's]assertion that monetary policy alone could counter all recessions.
.

dear, he did not say that, he simply said it was better than fiscal policy. Got it?

And he was wrong.

 

[EdwardBaiamonte]

The New Deal spending was enough to lift the economy somewhat, but not enough to end the high joblessness until the US embarked on the largest stimulus spending program ever: WWII. The spending on stimulus did prove Keynes correct.

100% stupid and liberal of course!! The war ended and the spending ended and the liberal's Great Depression did not come back!!

 

[EdwardBaiamonte]

His [Friedman's]assertion that monetary policy alone could counter all recessions.
.

dear, he did not say that, he simply said it was better than fiscal policy. Got it?

And he was wrong.

dear, do you have a reason to think he was wrong now that you've learned what he actually thought?

 

[Shanty]

.

The Great Depression ended when the US spent money on military hardware. First for the Allies in Europe and Asia, then the US itself.
.

of course thats 100% idiotic and liberal. If true economists would know it and recessions would never happen because we'd build planes and dump them into the sea to prevent it!! Feel silly like a liberal should??

Economists know it. Politicians who have agendas that have nothing to do with reality (especially the wing nuts in the GOP) don't care what the reality is.

 

[Shanty]

His [Friedman's]assertion that monetary policy alone could counter all recessions.
.

dear, he did not say that, he simply said it was better than fiscal policy. Got it?

And he was wrong.

dear, do you have a reason to think he was wrong now that you've learned what he actually thought?

Princess, he was wrong. Fiscal austerity, even with his ideas on monetary policy, left the US in a time of high unemployment that we didn't need to have last so long.

You should learn some US history, especially our economic history. You wouldn't be such an ignoramus if you did.

 

[EdwardBaiamonte]

Princess, he was wrong. Fiscal austerity, even with his ideas on monetary policy, left the US in a time of high unemployment that we didn't need to have last so long.

too 100% stupid. $500 billion deficts is not austerity dear!!!

 

[EdwardBaiamonte]

You should learn some US history, especially our economic history. You wouldn't be such an ignoramus if you did.

ignoramus?? your best example or admit you are little more than a liberal liar.

 

[EdwardBaiamonte]

.

The Great Depression ended when the US spent money on military hardware. First for the Allies in Europe and Asia, then the US itself.
.

of course thats 100% idiotic and liberal. If true economists would know it and recessions would never happen because we'd build planes and dump them into the sea to prevent it!! Feel silly like a liberal should??

Economists know it. .

name conservative economists who say build planes and dump them into the sea to prevent or end recessions and depressions or admit to being a liberal liar!!

 

[Shanty]

Princess, he was wrong. Fiscal austerity, even with his ideas on monetary policy, left the US in a time of high unemployment that we didn't need to have last so long.

too 100% stupid. $500 billion deficts is not austerity dear!!!

Yes it is. We had a $2 trillion output gap when the GOP left us with the housing bubble, financial collapse and recession. We only spent 40% of the losses, over the course of 4 years, and had to see the high joblessness last until very recently. And the deficits have mostly been because of the reduced revenues the GOP left us with, between tax cuts that never produced any jobs or economic growth, and the housing bubble collapsing.

If you want failure, elect Republicans, Princess.

 

[Shanty]

The New Deal spending was enough to lift the economy somewhat, but not enough to end the high joblessness until the US embarked on the largest stimulus spending program ever: WWII. The spending on stimulus did prove Keynes correct.

100% stupid and liberal of course!! The war ended and the spending ended and the liberal's Great Depression did not come back!!

Just like. Keynes said it would.

If you bother to learn any economics one day, you'd know that Keynes never said to keep on stimulus spending after the recession ends. In fact, he said to do what no conservative would ever do: pay the debt down. Which is what happened from the end of WWII until Reagan ran up debt.

 

[Shanty]

.

The Great Depression ended when the US spent money on military hardware. First for the Allies in Europe and Asia, then the US itself.
.

of course thats 100% idiotic and liberal. If true economists would know it and recessions would never happen because we'd build planes and dump them into the sea to prevent it!! Feel silly like a liberal should??

Economists know it. .

name conservative economists who say build planes and dump them into the sea to prevent or end recessions and depressions or admit to being a liberal liar!!

Who gives a fuck what some dumbass conservative economist would say? They're always wrong. Ask those dopes why we still haven't had even moderate inflation, let alone high inflation, like they've been saying for years, and watch as they leave the room with tails tucked between their legs.