Keynesian """economics"""

TurtleCat
TurtleCat

Keynesian """economics"""

VisualMaster
VisualMaster

Just an excuse for government control over the economy

kizzmybutt
kizzmybutt

@TurtleCat
Name a criticism then. Because the majority of economists are Keynesian (the new variety).

@VisualMaster
A lot of Keynesians disagree with a lot of government control in the economy.

RavySnake
RavySnake

@kizzmybutt
austrians cant differentiate between 1950s keynsians and all the new kinds out now, heck even monetarists are to a large extent keynsian

RumChicken
RumChicken

This will have an effect

girlDog
girlDog

@RavySnake
even monetarists are to a large extent Keynesian

Monetarist here, please elaborate

Bidwell
Bidwell

@RavySnake
This.

@girlDog
A LOT of New Keynesian theory is built upon a framework of monetarism. The biggest jump for NK to Monetarism is a discretionary policy instead of a rule based one.

@RumChicken
posting baseless info based upon M2.
Are all Austrians this retarded?

Need_TLC
Need_TLC

@Bidwell
Wouldn't that make Keynesians monetarist, not monetarists Keynesian?

Crazy_Nice
Crazy_Nice

Don't you all want the 1950s back?
That was Keynesian policy, with very high top tax rates.

Boy_vs_Girl
Boy_vs_Girl

mfw mercantile masterrace

takes2long
takes2long

@Crazy_Nice
And lots of loopholes fuckface.

kizzmybutt
kizzmybutt

@takes2long

Yeah, so it was 70% instead of 94%.
Those numbers weren't for show.

Techpill
Techpill

@kizzmybutt
"Haha yeah our economy was strong in the 1950s and we had manufacturing because of how much we taxed people not because we bombed the shit out of our competitors in the preceding decade and half the world was run by an inefficient resource allocation system"

JunkTop
JunkTop

Neoclassical """voodoo""""
Austrians """praxeology"""
Marxians """labour theory"""

They're all religions. Some articles of faith compatible with the preferred ideology are assumed and after some philosophical merry-go-round some bullshit is proposed. Cf. """St.""" Thomas Aquinas soldering Christianism to Platonism.

Get some econophysicists in here, please.
But they don't shitpost on Veeky Forums...

GoogleCat
GoogleCat

@Techpill

The economies you supposedly destroyed - Germany, Japan, Italy - were also doing great during the 1950s.

It's all a question of the right policies.

haveahappyday
haveahappyday

@kizzmybutt
What kind of shitposting is this

iluvmen
iluvmen

@Techpill
do you even history, bro?

WebTool
WebTool

@Need_TLC
It goes both ways

Techpill
Techpill

@TurtleCat
Modern monetary theory for the win

Gigastrength
Gigastrength

@haveahappyday
@JunkTop
Meant for this.

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