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


To: koan who wrote (983710)11/23/2016 11:05:22 PM
From: Sdgla1 Recommendation

Recommended By
FJB

  Respond to of 1579682
 
His policies have failed at every level. Same as your socialist wet dreams..



To: koan who wrote (983710)11/23/2016 11:47:15 PM
From: i-node  Read Replies (1) | Respond to of 1579682
 
>> Keynes was considered an Einstein of his day.

But where would Einstein be today if everything he did had proved to be wrong?

None of the people you mentioned knew Keyes as well as Milton Friedman. And Friedman has stated that Keynes, himself, would have acknowledged his own theories were wrong had he lived a little longer.

FDR did what he had to do to put people to work, and that was fine. But we know that the wild spending DID NOT bring about an economic recovery. Simply didn't. You have heard of the Roosevelt Recession.

Ultimately, it was the end of WWII that brought about the end of the recession.

The fundamental misunderstanding of the Left today is that economic recovery requires economic growth. The reason we have not had a real recovery under Obama is that he has done all the wrong things which have prevented a resurgence of growth. Growth means people in jobs producing stuff. It has nothing to do with consumption. You guys don't understand that.

Everyone in the country can consume crap for the next year but if there is no production there will be no productivity and the economy will still suck.



To: koan who wrote (983710)11/24/2016 12:15:28 AM
From: bentway  Read Replies (2) | Respond to of 1579682
 
Keynes is the economist they all go to when their own shit hits the fan.