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Politics : Formerly About Advanced Micro Devices

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Alex MG

To: RetiredNow who wrote (943301)	6/27/2016 10:57:07 PM
From: combjelly	1 Recommendation Read Replies (4) of 1573696

In your dreams. Keynesian economics hasn't failed. That is why, in a crisis, we are all Keynesians. Because it works, unlike Austrian School nonsense which fails and fails hard. It can work briefly when the economy is doing well, but it inevitably results in an economic crash. The last time, it almost took the entire world economy down. That is normally known as an "epic fail". Free markets only work as long as they are fair. Unfortunately, unless regulated, wealth concentrations start to appear and that leads to unfair markets due to monopolies and the siren lure of rent seeking behavior. Which Adam Smith correctly recognized as a poison to free and fair markets. You don't even know what Socialism is if you believe that the USSR was a socialist state.

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