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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Alighieri who wrote (588098)	9/29/2010 7:29:58 PM
From: Tenchusatsu	1 Recommendation Read Replies (1) \| Respond to of 1574599

Al, > keynes ideas were developed during difficult economic times and are only intended for periods of severe recessions and depressions... No they weren't. They were intended to guide economic policy as a whole, which is why they were favored all the way until the 1970's. By the way, I liked how Friedrich Hayek says that Keynes would have scolded his disciples had he been alive at the time of the interview. Seems like the followers of Keynes twisted Keynesian economics back then just as much as it's being twisted today. Never would any genuine economist argue that "unemployment checks are the fastest way to create jobs." That's how crazy the people in power are right now. Tenchusatsu