Formerly About Advanced Micro Devices Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Alighieri who wrote (701098)	2/26/2013 11:47:01 AM
From: i-node	1 Recommendation Read Replies (2) of 1576156

>> We were talking about Keynesian economics...you've switched to debt burden... Actually, you changed the subject and I let it pass. But debt burden and Keynesian economics are inextricably related. Keynesian economics is what causes the debt burden, or at least in substantial part. There is no "Keynesian economics in reverse". It is important to recognize that Keynes never suggested we should spend our children's futures away. This was never part of Keynes' thinking, and in fact, may be where the plan really falls apart. Keynes never for a moment considered the human and political nature impacts on his theory -- that is, that once that make-work spending started, it could never be controlled. He never envisioned applying his theory in an endless welfare state in which debt rose without bound, failed Social Security and Medicare programs that would consume endless resources, etc. Truthfully, it is sort of silly to even talk about Keynesian model in the context of our modern day economy. Still, the fact that austerity is hard in no way suggests that Keynesian economics has ever worked, anywhere in the world -- which is the argument you're trying to make.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next