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I'm confused... Obama is not a Keynesian is he?
John Maynard Kenes was an English economist who advocated the use of government monetary and fiscal policy to maintain full employment without inflation... but we do not have full employment and there has been some inflation...
To me he is much more extreme than Keynesianism. Keynesian economy believes in Govt intervention in private businesses to solve economic issue.Originally Posted by BigBear
Funny but sad
Most of whats important to learn as citizens is not taught in school.
These kids have no clue. And their instructors have never learned the facts.
I like sex, drugs and automatic weapons. That's why i'm a dues paying member of the Libertarian party. Struggling to keep the government away from messing with the above.
My Wife has her own vice.
Just saw this on Glen Beck, that is to dang funny, especially the typical fat stupid lib that gets all up set and she doesnt even know what she is talking about.
I thought the libs were smarter then us dumb gun owners?
This was hilarious, I posted it on my Facebook wall. These people get trolled hard. However, if you've seen similar trolls through the Tea Party rallies you'll see that these guys go around and find the idiots, all the people who know what Keynes is get edited out. Just like they edited out all the Tea Party rally people who know that Medicare was a government institution, or what the Constitution actually says.
This is epic trollage. Did Beck really run with this as a news piece? Can't really see a news show airing this as a piece of journalism? I'm sure whats-her-face on MSNBC has aired the tea party equiv, and still lame. These are exactly the kind of people who are harmful to rational debate. I guess one guy on MSNBC stopped his "Worst Person Ever" spot in response to the Rally To Restore Sanity. How can you have a spot called "Worst Person Ever" be on more than once?
The collections of signs from that rally had some really funny ones. I think this is my favorite:
Someone needs to tell them... Please look up "Keynesian Economics" before your reply and thus verifying the old saying...
"Better to be thought a fool..."
And I thought we were all "peoneians"?
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"If ever a time should come, when vain and aspiring men shall possess the highest seats in Government, our country will stand in need of its experienced patriots to prevent its ruin." Samuel Adams
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They left in one guy who knew it was an economic term. I would expect most people to not know what Keynesian Economics is, regardless of party.
"There are no finger prints under water."
Sort of but not quite. It's a monetary policy. So is Reaganomics. Reagan used the government intervention as well. 20% interest rates? Yeah, that was Reagan's economic team's idea...and it worked but what you must remember is that it was still intervention. It's not always bad.
This is sort of true. Keynes' idea was to get us to "full" employment via demand side economics. He wasn't creating a solution to keep the status quo. Obama is definitely a Keynesian. If you want to talk about other thing it's more of a government ideology thing not a monetary policy thing...they are different.
Modern liberalism is based on the idea that reality is obligated to conform to one's beliefs because; "I have the right to believe whatever I want".
"Everything the State says is a lie, and everything it has it has stolen.
-Friedrich Nietzsche
"Every time something really bad happens, people cry out for safety, and the government answers by taking rights away from good people."
-Penn Jillette
A World Without Guns <- Great Read!
The most truthful and intellectual thing I have seen in years regarding the economy and it was in the form of a (quasi) rap video.
I will just see myself out now.
Wait , you mean he is in the closet?
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