Just an excuse for government control over the economy
Name a criticism then. Because the majority of economists are Keynesian (the new variety).
A lot of Keynesians disagree with a lot of government control in the economy.
austrians cant differentiate between 1950s keynsians and all the new kinds out now, heck even monetarists are to a large extent keynsian
This will have an effect
even monetarists are to a large extent Keynesian
Monetarist here, please elaborate
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.
posting baseless info based upon M2.
Are all Austrians this retarded?
Wouldn't that make Keynesians monetarist, not monetarists Keynesian?
Don't you all want the 1950s back?
That was Keynesian policy, with very high top tax rates.
mfw mercantile masterrace
And lots of loopholes fuckface.
Yeah, so it was 70% instead of 94%.
Those numbers weren't for show.
"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"
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...
The economies you supposedly destroyed - Germany, Japan, Italy - were also doing great during the 1950s.
It's all a question of the right policies.
What kind of shitposting is this
do you even history, bro?
It goes both ways
Modern monetary theory for the win
Meant for this.