How capitalism works?

Oh and let’s remember when the right crashed the economy under Bush


Remember the phrase “I guess we are all Keynesians now”



Of course you don’t


You idiots pretended Obama caused the crash
 
We are all Keynesians now
"We are all Keynesians now" is a famous phrase attributed to Milton Friedman and later rephrased by U.S. president Richard Nixon. It is popularly associated ...

Advisor Perspectives
https://www.advisorperspectives.com › ...
We're All Keynesians Now - First Trust Advisors
Sep 16, 2019 — "We are all Keynesians now," is a phrase that caught on in the late 1960s and early 1970s, variously attributed to Milton Friedman and ...

The New York Times
https://www.nytimes.com › archives
Nixon Reportedly Says He Is Now a Keynesian
Jan 7, 1971 — ABC TV commentator H K Smith says Nixon now describes self as Keynesian in economics.

Washington Post
https://www.washingtonpost.com › ...
Are We All Keynesians?
Sep 1, 2001 — Milton Friedman actually said, "We are all Keynesians now; no one is any longer a Keynesian." He later explained, "In regrettable journalist ...

Forbes
https://www.forbes.com › 2021/02/22
We're All Keynesians Now
Feb 22, 2021 — Practically everyone in power now agrees that deficit spending produces GDP growth. They differ only on its expected magnitude and duration.

RealClearMarkets
www.realclearmarkets.com
We're All Keynesians Now Because We Have No Choice
Jul 8, 2016 — In 1971, President Richard Nixon is famously quoting as having declared, "we are all Keynesians now." As is usual in these
 
Republicans break the economy


Then Democrats get elected and fix the economy




The pattern is dead on proven now


Only idiots can’t see the pattern
 
T. A. Gardner said:
FDR tried to enact what amounted to Socialism and it mostly failed badly. It was the unintended consequences of government interference in the market and FDR is to blame.
Click to expand...

TAG still thinks of capitalism and socialism as a binary choice, and with that belief, valuable input into the conversation is impossible.

Did Social Security and Medicare actually fail, or are they practically the only hints of modernity that we have in our socially regressive nation?
 
evince said:
We are all Keynesians now
"We are all Keynesians now" is a famous phrase attributed to Milton Friedman and later rephrased by U.S. president Richard Nixon. It is popularly associated ...

Advisor Perspectives
https://www.advisorperspectives.com › ...
We're All Keynesians Now - First Trust Advisors
Sep 16, 2019 — "We are all Keynesians now," is a phrase that caught on in the late 1960s and early 1970s, variously attributed to Milton Friedman and ...

The New York Times
https://www.nytimes.com › archives
Nixon Reportedly Says He Is Now a Keynesian
Jan 7, 1971 — ABC TV commentator H K Smith says Nixon now describes self as Keynesian in economics.

Washington Post
https://www.washingtonpost.com › ...
Are We All Keynesians?
Sep 1, 2001 — Milton Friedman actually said, "We are all Keynesians now; no one is any longer a Keynesian." He later explained, "In regrettable journalist ...

Forbes
https://www.forbes.com › 2021/02/22
We're All Keynesians Now
Feb 22, 2021 — Practically everyone in power now agrees that deficit spending produces GDP growth. They differ only on its expected magnitude and duration.

RealClearMarkets
www.realclearmarkets.com
We're All Keynesians Now Because We Have No Choice
Jul 8, 2016 — In 1971, President Richard Nixon is famously quoting as having declared, "we are all Keynesians now." As is usual in these
Click to expand...

Go read these links idiot



Every time your idiot Austrian short bus school of economics crashes shit under your watch



Keynesian economics is employed to fix the mess



And then it works
 
NiftyNiblick said:
TAG still thinks of capitalism and socialism as a binary choice, and with that belief, valuable input into the conversation is impossible.
Click to expand...

No, I don't. Some degree of socialism in terms of social things to care for the poor and the like are a desirable thing in affluent societies and make them better. Mass meddling and takeover of entire sectors of the economy are almost uniformly bad. Don't take statements I make, like the one you quoted, as an absolute. Instead, recognize I'm generalizing without spending half-a-page trying to explain the nuisances of my thinking to you.
 
T. A. Gardner said:
No, I don't. Some degree of socialism in terms of social things to care for the poor and the like are a desirable thing in affluent societies and make them better. Mass meddling and takeover of entire sectors of the economy are almost uniformly bad. Don't take statements I make, like the one you quoted, as an absolute. Instead, recognize I'm generalizing without spending half-a-page trying to explain the nuisances of my thinking to you.
Click to expand...





Liar


You Block everything
 
NiftyNiblick said:
TAG still thinks of capitalism and socialism as a binary choice, and with that belief, valuable input into the conversation is impossible.

Did Social Security and Medicare actually fail, or are they practically the only hints of modernity that we have in our socially regressive nation?
Click to expand...

And it works because we use regulations and taxes to tame capitalism
 
I AM said:
Why would working class people vote Republican!
Click to expand...

That is a large share of the current Republican vote. I think it is mostly because of social issues since the parties differ little on economics.

The working class used to be a major part of the Democratic New Deal coalition but I think Democrats have alienated many of them by calling them a "basket of deplorables," red neck, and "uneducated" (rather than without college degrees). Whether we think that is an accurate description is irrelevant to whether it has alienated them and lost their votes.

You can see this attitude among JPP posters.
 
evince said:
Only an idiot would claim that given the actual facts ass brain
Click to expand...

I gave you examples.

But what Shlaes shows is that FDR didn’t save the country in the 1930s. Despite the massive increases in federal government spending, unemployment remained in the high double digits throughout the 1930s. The Dow Jones average didn’t pass its 1929 peak until 1952.
https://www.crisismagazine.com/opinion/the-forgotten-failures-of-fdr

Let’s start with the New Deal. In her book The Forgotten Man, Amity Shlaes shows that the New Deal — so lionized by liberal historians and Democrats — did not restore the U.S. economy as promised by FDR and his “brain trust,” but instead extended the sufferings of the Great Depression for seven more years. Unemployment remained well beyond 10 percent throughout the 1930s, only subsiding with the coming of World War II.
https://spectator.org/the-failed-presidency-of-franklin-roosevelt/

FDR's Folly: How Roosevelt and His New Deal Prolonged the Great Depression
https://fee.org/articles/fdrs-folly-how-roosevelt-and-his-new-deal-prolonged-the-great-depression/

So, your lousy public school education notwithstanding, FDR's domestic economic policies were largely a failure and it was only WW 2 that saved him. Even his foreign polices were a mixed bag.

On that note, you are still an idiot and have no actual knowledge of history.
 
Flash said:
That is a large share of the current Republican vote. I think it is mostly because of social issues since the parties differ little on economics.

The working class used to be a major part of the Democratic New Deal coalition but I think Democrats have alienated many of them by calling them a "basket of deplorables," red neck, and "uneducated" (rather than without college degrees). Whether we think that is an accurate description is irrelevant to whether it has alienated them and lost their votes.

You can see this attitude among JPP posters.
Click to expand...

BULLSHIT!




They are opposite each other dick brain
 
evince said:
https://en.m.wikipedia.org/wiki/Keynesian_economics




Keynesian economics (/ˈkeɪnziən/ KAYN-zee-ən; sometimes Keynesianism, named after British economist John Maynard Keynes) are the various macroeconomic theories and models of how aggregate demand (total spending in the economy) strongly influences economic output and inflation.[1] In the Keynesian view, aggregate demand does not necessarily equal the productive capacity of the economy. Instead, it is influenced by a host of factors – sometimes behaving erratically – affecting production, employment, and inflation.[2]

Keynesian economists generally argue that aggregate demand is volatile and unstable and that, consequently, a market economy often experiences inefficient macroeconomic outcomes – a recession, when demand is low, or inflation, when demand is high. Further, they argue that these economic fluctuations can be mitigated by economic policy responses coordinated between government and central bank. In particular, fiscal policy actions (taken by the government) and monetary policy actions (taken by the central bank), can help stabilize economic output, inflation, and unemployment over the business cycle.[3] Keynesian economists generally advocate a regulated market economy – predominantly private sector, but with an active role for government intervention during recessions and depressions.[4]

Keynesian economics developed during and after the Great Depression from the ideas presented by Keynes in his 1936 book, The General Theory of Employment, Interest and Money.[5] Keynes' approach was a stark contrast to the aggregate supply-focused classical economics that preceded his book. Interpreting Keynes's work is a contentious topic, and several schools of economic thought claim his legacy.

Keynesian economics, as part of the neoclassical synthesis, served as the standard macroeconomic model in the developed nations during the later part of the Great Depression, World War II, and the post-war economic expansion (1945–1973). It was developed in part to attempt to explain the Great Depression and to help economists understand future crises. It lost some influence following the oil shock and resulting stagflation of the 1970s.[6] Keynesian economics was later redeveloped as New Keynesian economics, becoming part of the contemporary new neoclassical synthesis, that forms current-day mainstream macroeconomics.[7] The advent of the financial crisis of 2007–2008 sparked renewed interest in Keynesian policies by governments around the world.[8]
Click to expand...






The republicans and libertarians do the Austrian school
 
Jarod said:
They inherited huge amounts and paid little inheritance tax. I did not inherit any large amounts, but had parents who gave me an education and I’m a lawyer… I chose a less lucrative income for happiness and family, it’s a luxury to habe that choice. I pay a larger percentage in tax than Mitt Romney and Don Trump.
Click to expand...

and you wound up in your exclusive neighborhood through work and effort. its not mitt or Don's fault you choose not to lawyer up and pay less .
 
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