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

To: neolib who wrote (751683)	11/7/2013 6:42:24 PM
From: Tenchusatsu	Read Replies (5) \| Respond to of 1577966

Neolib, Keynesian economics pays attention to context. No it doesn't. In fact, it's the opposite. Keynesian economics only pays attention to the circulation of money. The only way Keynesians can justify the broken window fallacy is if they "invent" context. They'll claim that the window wasn't worth keeping anyway. Or that the act of breaking windows is a "spectator sport." Or that the owner is likely going to be better off with a new window anyway. Or that the employment of glaziers is more important than the savings of the owner (cause you know, excessive savings is the "enemy"). In every case imaginable, the Keynesian has to arbitrarily declare what was or wasn't of value in order to justify destruction as "stimulus." Tenchusatsu