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To: Robin Plunder who wrote (263952)	7/25/2010 11:30:02 PM
From: neolib	Respond to of 306849

More confusion. Keynesian economics does not increase the average slope of economic growth. If smooths spikes and dips along the way. If one were conspiratorial, one might note that perhaps dogmatic anti-Keynesians are those who like to promote bubbles and crashes because they know how to fleece the average citizen as a result, and Keynesian economics is their enemy. Whenever anyone calls for "Austrian" flushing of excess, that thought is at least in the back of my mine. The rapid flushing of excess can be profitable to some parties, while quite the opposite for others. Its fundamentally an argument about amplitude of overshoots vs duration. You might want to read up on delta functions. Area under the function remains the same but you can make the function go infinite in amplitude in the limit of zero width. "Austrians" for whatever reason advocate high amplitude short duration, while Keynesians are for low amplitude longer duration. They both have issues. Its not religion, but many of the people who hold one or the other seem to do it religiously.