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: bentway who wrote (871815)	7/10/2015 8:55:13 PM
From: combjelly	Read Replies (1) \| Respond to of 1576963

That's because, when the shit hits the fan, Keynes is the ONLY one with a prescription! Pretty much. It has the salient quality of actually working. Of course, deniers gotta deny...

To: bentway who wrote (871815)	7/17/2015 4:21:06 AM
From: RetiredNow	1 Recommendation Recommended By dave rose Read Replies (1) \| Respond to of 1576963

Wrong. Hayek and Mises also had good prescriptions for crises. But Keynesians of today have all but forgotten economic history and they believe their mathematical models can predict everything accurately. Keynesianism is the ultimate in hubris. It is the belief that 13 bankers can make better decisions through central economic planning than millions of economic actors in a free market. Austrian economics is a humble science versus the faux science of the Keynesians. Keynesians have wax wings like Icarus, and just like Icarus, they like to fly too close to the sun. When their wings melt, they come back and tell us that if they just had bigger wax wings, they could have flown closer to the sun. What hubris and foolishness.