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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: c.hinton who wrote (261142)	4/10/2008 1:07:46 AM
From: c.hinton	Respond to of 281500

"Keynesian economics (pronounced /'ke?nzi?n/, "kane-zeean"), also Keynesianism and Keynesian Theory, is an economic theory based on the ideas of twentieth-century British economist John Maynard Keynes. Keynesian economics promotes a mixed economy where both the state and the private sector have important roles. Keynesian economics seeks to provide solutions to what some consider failures of laissez-faire economic liberalism, which advocates that markets and the private sector operate best without state intervention." wikipedia

To: c.hinton who wrote (261142)	4/10/2008 10:56:49 AM
From: TimF	Read Replies (1) \| Respond to of 281500

No. it doesn't make me a Keynsian either. Definitly not in reality, and not really even in the counterfactual scenario we where talking about. Keynsians might debase the currency, but the set of Keynsians, and the set of those who would debase the currency are not identical. Leaving aside the counter factual, and dealing with reality. The sum of "Keynsians", and "people who would debase the currency" doesn't equal the set of people who don't like the gold standard. "Traditional conservative" goes far beyond what monetary theory you support. And even dealing with monetary theory gold bugs are not the only conservatives.