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Author Topic: Are you an Austrian or a Keynesian? [Locked]
Desnoxvu  2 stars
Posts: 363
Registered: 2002-3-21 11:48:50
I am interested in what economic theory each of you follow.

Mises
http://www.youtube.com/watch?v=1TsPvDL6s94&feature=related

Keynes
http://www.youtube.com/watch?v=WnUUMs9WIC0

 

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Ron Paul 2012
Crooq_Lionfang  1 star
Title: Master Zergling
Posts: 185
Registered: 2003-3-11 11:53:17
I find Keynes intriguing. Too bad it has never been tried

 

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If you have one foot in tomorrow and one foot in yesterday all you're going to do is piss on today
NuEM  4 stars
Posts: 1,007
Registered: 2004-3-2 09:08:11
I've learned from experience that people using these terms are usually full of fail.

 

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Desnoxvu  2 stars
Posts: 363
Registered: 2002-3-21 11:48:50
Crooq... we have been working under the Keynes model since 1913. You didn't know that?

Edit: that is really sad that you didn't know that. I bet most of America doesn't even know that either. Did you not see the Nixon speech where he said we are all Keynesians now?


And Nuem.. Please tell us what economic theory you want to teach us.

 

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Ron Paul 2012
Elkad  2 stars
Title: aka Ebenezer
Posts: 407
Registered: 2003-9-11 22:20:55
Desnoxvu posted:

Crooq... we have been working under the Keynes model since 1913. You didn't know that?

Edit: that is really sad that you didn't know that. I bet most of America doesn't even know that either. Did you not see the Nixon speech where he said we are all Keynesians now?



Except the part where we don't save during the good times......

 

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"I would rather be exposed to the inconveniences attending too much liberty, than those attending too small a degree of it." - Thomas Jefferson
Desnoxvu  2 stars
Posts: 363
Registered: 2002-3-21 11:48:50
That is what China did. They had the highest savings rate and now they have the fastest growing economy.

 

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Ron Paul 2012
NuEM  4 stars
Posts: 1,007
Registered: 2004-3-2 09:08:11
Desnoxvu posted:

And Nuem.. Please tell us what economic theory you want to teach us.



I'm not an economist so don't ask me. Whenever I see actual economists debate I never hear them use those terms. I do see them used all the time on the Internet however, typically by people who also talk about 2012 and space aliens.

 

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Thugoneous  4 stars
Title: Watching Caliente, BRB.
Posts: 1,128
Registered: 2002-11-2 18:00:54
I'm an American.

 

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Lady, people aren't chocolates. D'you know what they are mostly? Bastards. Bastard-coated bastards with bastard filling.
Crooq_Lionfang  1 star
Title: Master Zergling
Posts: 185
Registered: 2003-3-11 11:53:17
Elkad posted:

Desnoxvu posted:

Crooq... we have been working under the Keynes model since 1913. You didn't know that?


Edit: that is really sad that you didn't know that. I bet most of America doesn't even know that either. Did you not see the Nixon speech where he said we are all Keynesians now?



Except the part where we don't save during the good times......



Exactly

 

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If you have one foot in tomorrow and one foot in yesterday all you're going to do is piss on today
Desnoxvu  2 stars
Posts: 363
Registered: 2002-3-21 11:48:50
Nuem, here is a vid that explains it.

http://www.youtube.com/watch?v=GTQnarzmTOc

 

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Ron Paul 2012

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