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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (92560)	9/4/2018 11:25:48 AM
From: Wharf Rat	Read Replies (1) \| Respond to of 365739

" it is the reason Keynes has been disproved, " Totally, except the whole part about Keynes being disproven. Mostly Keynes is proof that economics isn't a science. IT'S OFFICIAL: Keynes Was Right - Business Insider Apr. 24, 2012, Henry Blodget.

To: i-node who wrote (92560)	9/4/2018 12:30:52 PM
From: Sam	Read Replies (1) \| Respond to of 365739

It is production, NOT demand, that causes sustained growth. You must be an fan of the Chinese method of getting growth. abc.net.au They just keep producing and producing, regardless of demand.

To: i-node who wrote (92560)	9/4/2018 3:50:57 PM
From: combjelly	Read Replies (1) \| Respond to of 365739

Oh please. Keynesian economics is far from disproven It got recent boost when Chicago School economics almost crashed the world economy a few years back. Seems that "build it and they will come" was more of a fantasy than anything else. I mean, look at Juicero. Innovative product. Well thought out supply chain. Had a ton of investors. Was even pimped by Ivanka. The problem? No demand for the product. It was a spectacular failure. Oddly enough, building stuff is useless without demand. Something you just don't understand for whatever reason. Spending money works if it puts money into the pockets of people who are inclined to spend it on consumer goods. The only problem with Obama's stimulus is that about a third of it was wasted on tax cuts. And it was too small. The hole in the economy was far larger than the $700 million or so, under $500 million when you back out the worthless tax cuts, that was spent. While it helped, and that help is measurable, it just wasn't enough. You can keep repeating lies, but repetition doesn't make them true. Much less change reality.