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View Poll Results: Which philosophy is yours?
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Keynesian all the way!!
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9 |
45.00% |
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Moneterist are where its at!!
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4 |
20.00% |
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Bananaconomist for me baby!!
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7 |
35.00% |
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June 17, 2003, 00:56
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#31
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Deity
Local Time: 11:53
Local Date: November 2, 2010
Join Date: May 1999
Location: The City State of Noosphere, CPA special envoy
Posts: 14,606
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Economics is like voodoo. With the same set of data you can come up with opposing conclusions.
__________________
(\__/) 07/07/1937 - Never forget
(='.'=) "Claims demand evidence; extraordinary claims demand extraordinary evidence." -- Carl Sagan
(")_(") "Starting the fire from within."
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June 17, 2003, 01:11
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#32
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Deity
Local Time: 19:53
Local Date: November 1, 2010
Join Date: Mar 2003
Posts: 12,628
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Quote:
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Originally posted by PLATO1003
Kidicious, Keynes was of the opinion that it may not eventually be overcome. Some type of intervention by government is necessary. The unusual event of industrialization and the "end of the frontier" (Which the US census made official in 1890) combined to allow the government to greatly increase spending without incurring a deficit.
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Maybe he said that it may never recover. I tend to think that he only spoke about the short run. He wasn't concerned about the long run, or at least he wasn't speaking about it.
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June 17, 2003, 01:20
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#33
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Deity
Local Time: 11:53
Local Date: November 2, 2010
Join Date: May 1999
Location: The City State of Noosphere, CPA special envoy
Posts: 14,606
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J.M. Keynes was clearly concerned about the short term. He has a famous quote that goes, "In the long run, we all die."
__________________
(\__/) 07/07/1937 - Never forget
(='.'=) "Claims demand evidence; extraordinary claims demand extraordinary evidence." -- Carl Sagan
(")_(") "Starting the fire from within."
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