PBS Commanding Heights Ep1 The Battle of Ideas DivX1 7

[VideoGameCoupons]

I certainly did not think about this particular issue in that way before and it opened some serious discussion for me on this topic.

[Nintendomanwill]

3. Hayek didn't think freedom was necessary despite unemployment but in order not to coercively subsidise uses of resource that are even less useful than when being unemployed. Keynes was wrong about armanents spending curing unemployment. Taking conscripts out of the domestic economy and consuming centuries of saving in arms prod. employment simply gives jobs to those who were unwilling to work for lesser remuneration. Unemployment is voluntary; there's always production for FUTURE consumption.

[Nintendomanwill]

1. The economy didn't rebound during WW2, it produced tools of death for waging a deadly if necessary conflict, which used forced assistance to market allocation and expertise to produce a very non Keynesian but rather, coerced assistance of privately invested enterprise. The economy rebounded in 1946 contra Keynesian BS about low demand destroying private capacity for investment/employment.

2. The Great Depression was made by Socialist US government in response to a trumped-up financial crisis

[Nintendomanwill]

The economy was in high employment but great suffering in WW2, if any morons who need (re) educating suffer under Galbraith's delusion. Employment focusing on replenishing depleted supplies necessary for survival is not great employment, it is necessary employment. Thank god the American people saved during the war and didn't go in for huge government programmes after the war to 'ease' post war unemployment. Labour 'produced the wherewithal for its own consumption' and 1946 was the GREATEST year

[Nintendomanwill]

The funniest thing is that all the Keynesian fallacies are just stating the pre-Economics idea held by Mercantilist monopolist businessmen and their Statist patrons until they were shut the fuck up by Adam Smith and Jean Baptiste Say, that in times of business cycle following faulty price signals causing overinvestment in certain sectors whose clearance wipes out those entrepreneurs, it is a general lack of DEMAND that should be supplemented by government FORCE-as if this creates new resources!

[Nintendomanwill]

'Keynes's humanity' at Bretton Woods was simply that he was a useful idiot for his US counterpart, the Soviet Spy, whose lack of economic erudition probably wasn't too great to see that creating a world inflationary system would cause further collapse, engender further Social Democracy, or as with FDR in the 30s, bring Capitalist nations into destructive bouts of Fascistic Socialism CAUSING unemployment through taxation, minimum wages and worker regimentation against capital goods owners

Pwned.

[HermannTheGreat]

@Nintendomanwill He sure was, how completely delusional. Gilbraith is a clueless old man and we're lucky Keynes ideas didn't turn US into Soviet Russia.. so far

These men understood nothing about free markets.