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


To: Tenchusatsu who wrote (748950)10/23/2013 6:31:39 PM
From: i-node  Respond to of 1572507
 
>> All I know is that the media LOVES to associate government spending with economic activity, because they've been told the same lies that the so-called "Keynesians" have been saying these days. Government spending is economic activity.

It has almost reached the status of a joke; time and again, from Chris Matthews to Bill O'Reilly, you hear it spoken as though it were fact: Keynesian is stimulative. No one EVER questions it. It is accepted as fact even though no one can really point to legitimate examples where it has actually solved a problem.



To: Tenchusatsu who wrote (748950)10/23/2013 6:32:58 PM
From: combjelly  Read Replies (1) | Respond to of 1572507
 
I tell you what. Call up those economists and tell them their methodology is flawed.

Personally, I think Dunning-Kruger is at work here, but...



To: Tenchusatsu who wrote (748950)10/23/2013 7:58:01 PM
From: SilentZ  Read Replies (3) | Respond to of 1572507
 
>Government spending is economic activity.

Of course it is. My economics professors weren't exactly liberals, but still, pretty much the first thing they taught was:

GDP = C + I + G + (Ex - Im)

Read more: GDP and the Players Three: All Together Now: C + I + G | Infoplease.com http://www.infoplease.com/cig/economics/consumption-investment-government.html#ixzz2iaoHv619

-Z