Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: RetiredNow who wrote (776028)	3/21/2014 4:09:13 PM
From: combjelly	Respond to of 1576177

You keep using that word. I don't think it means what you think it means... Cutting taxes when the economy is doing well is not a Keynesian concept. That is when you pay down any debt you have accrued when the economy has been doing poorly. Keynes was not a big believer in cutting taxes on the wealthy under most circumstances. Yes, they provide investment funds, but they do little to support economic growth outside of that. The engine of our economy is consumer spending, which is dominated by the middle class and the poor. Investment without the poor and the middle class getting a big chunk of productivity increases leads to what we have now, declining economic growth as time goes on. Nor is cutting regulation Keynesian. He considered regulations important to make sure markets are fair. Poor regulation results in an economy dominated by a few, very large companies who are free to set prices where they want instead of where the market wants it. None of these things are Keynesian. But they are Chicago School. There have been plenty of things to criticize Keynesian economics on over the past decades. And a lot of those criticisms have been taken to heart to adjust the School. 21st century Keynesian economics has changed since Keynes originally formulated it.