Americans Reject Keynesian Economics

AssHatZombie said:
Central banks exist even in the communist vision of society. Did you know that?
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Well, certainly, the Soviets and the Chinese both engaged/engage in 5-year planning, so it makes sense that they would.

There are plenty of American economists from the Austrian/Chicago schools who out-right oppose the Fed, not just some of the ways it is mis-managed or some of the powers it posesses.
 
Threedee said:
There are plenty of American economists from the Austrian/Chicago schools who out-right oppose the Fed, not just some of the ways it is mis-managed or some of the powers it posesses.
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That's good.

It's actually quite simple to recognize that the ability to create fiat money will eventually lead to totalitarianism and failure.

In times of universal deceit, telling the truth becomes a revolutionary act.
 
AssHatZombie said:
That's good.

It's actually quite simple to recognize that the ability to create fiat money will eventually lead to totalitarianism and failure.

In times of universal deceit, telling the truth becomes a revolutionary act.
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This is where you would disagree with them. Without the Fed, the Dept. of Treasury would still function to oversee the printing of paper currency and the minting of metal currency.

Personally, I say that currency is important, and its probably a better idea to base it on the nation's strength in credit, then to base it on gold or silver...
 
Threedee said:
This is where you would disagree with them. Without the Fed, the Dept. of Treasury would still function to oversee the printing of paper currency and the minting of metal currency.

Personally, I say that currency is important, and its probably a better idea to base it on the nation's strength in credit, then to base it on gold or silver...
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Yes. I think currency should be abandoned and we return to a simpler barter society.
 
AssHatZombie said:
Fascists hate barter because they have nothing to offer society but their psychopathic need for control.
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Well, that's fascists. I hate barter because it prevents society from being able to reach a higher potential. It erodes culture, and destroys all hope. The giants of ancient civilization (Greece, Rome, Egypt, etc.) all developed coin currency in order to function. Without currency, we would not be here on our computers, because there would be no computer, no America, no civilization, negligible culture, disease, famine, shitty architecture, no cars, no transit, and very little worth living for.
 
Threedee said:
Well, that's fascists. I hate barter because it prevents society from being able to reach a higher potential. It erodes culture, and destroys all hope. The giants of ancient civilization (Greece, Rome, Egypt, etc.) all developed coin currency in order to function. Without currency, we would not be here on our computers, because there would be no computer, no America, no civilization, negligible culture, disease, famine, shitty architecture, no cars, no transit, and very little worth living for.
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Barter separates legitimate value creation from politcal abuse.

stop being an emo-fascist.
 
Emo-fascist. That's fucking gold, jerry.


Why do they call it ovaltine? The jar is round, the glass is round. They should call it roundtine.
 
Threedee said:
It does not. No society has or will ever survive on barter, except at the lowest level possible.
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It does.

People can still organize to pool their efforts, but it will be completely voluntary, and they must actually believe leadership is a) capable of organizing in a superior way, and b) willing to disperse the fruits of labor in a somewhat equitable way.

As it is now, ceos get their jobs by being connnected, often suck, and walk away with disproportionate bonuses for sucking. It;s almost they're being paid to fuck things up. And even things going "according to plan" often means laying people off to boost the bottom line in the short term.
 
AssHatZombie said:
It does.

People can still organize to pool their efforts, but it will be completely voluntary, and they must actually believe leadership is a) capable of organizing in a superior way, and b) willing to disperse the fruits of labor in a somewhat equitable way.

As it is now, ceos get their jobs by being connnected, often suck, and walk away with disproportionate bonuses for sucking. It;s almost they're being paid to fuck things up. And even things going "according to plan" often means laying people off to boost the bottom line in the short term.
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We never had the economic side of that coin, but America underwent the political system you advocate from 1781-1788, known as the Articles of Confederation. It FAILED.
 
I find it hard to believe that:
A) Some guy named Keynes was dumb enough to come up with this theory; and
B) there are actually folks out there that believe in it. :palm:
 
Threedee said:
We never had the economic side of that coin, but America underwent the political system you advocate from 1781-1788, known as the Articles of Confederation. It FAILED.
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Your analysis is wrongheaded in everyway. For one, you're ignoring current events. We're in the worst depression since the great depression. Why?

We allowed bankers and corporations to hide fundamental flaws in the economy with fiat currency injections. And they're still doing it right now.
 
The Articles of Confederation FAILED. They FAILED miserably. The reasons why it FAILED are timeless. They would fail just as miserably today as they did in the 1780s. They would have also failed in the 1880s and 1980s.

Also, we're in the worst recession since the 1980s, not the Great Depression. What we are experiencing today cannot compete with the misery index of 1980.
 
Threedee said:
The Articles of Confederation FAILED. They FAILED miserably. The reasons why it FAILED are timeless. They would fail just as miserably today as they did in the 1780s. They would have also failed in the 1880s and 1980s.

Also, we're in the worst recession since the 1980s, not the Great Depression. What we are experiencing today cannot compete with the misery index of 1980.
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Stop using that unrelated irrelevancy.
 
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