Best Books Criticizing Keynesian Economics | David Gordon

[marcdaddy33]

good stuff

[worldnewsbbc1]

All books criticizing Keynes are all funded by wealthy interests who benefit from deflation. Smarten up people. You're getting suckered into voting against your own economic self-interest (assuming you're not a wealthy industrialist).

[PanzerDivisionBOM]

@worldnewsbbc1

Actually, given the degree of state control over most sectors of the American economy and just how much the existing structure of production has been shaped by and is dependent upon protectionism and easy credit, I think it's safe to say that most large businesses (and by extension, most wealthy industrialists) have a vested interest in preserving the Keynesian status quo, as they would face significant displacement if the US were to adopt a more liberal policy.

[Xtro2005]

@PanzerDivisionBOM your point is compounded by the statement "...funded by wealthy interests who benefit from deflation." I can't think of a single corporation that would apply to, particularly gold merchants.

[PanzerDivisionBOM]

@Xtro2005

There are three big problems I see in your reasoning.

First, corporation means state-protected firm. Corporations get big and stay big partially due to their ability to efficiently satisfy consumer demand, and partially because of benefitting from state protection. Liberality obviously entails removing those protections, meaning every formerly incorporated firm must become that much more efficient, if they are to remain in operation at their present size.

Second, if interest -

-

[PanzerDivisionBOM]

-

- rates were to rise to the equilibrium of the supply and demand of savings, then consumer preference would shift accordingly towards longer-term pursuits. Every calculation made under the assumption that easy credit would continue would need to be reworked. A lot of capital would be revealed to have been malinvested - further displacement for the category of "wealthy industrialists".

Third and final, I'm not advocating either inflation or deflation, but rather a stable money supply.

[Xtro2005]

@PanzerDivisionBOM I was agreeing with you argument by stating I couldn't discern why any corporation with the capacity to utilize mainstream Keynesian would lobby against it as apart of the aforementioned cabal of "wealthy interests".

[fairman1952]

Amen, brother.

[Nintendomanwill]

Keynesianism=Governments can turn stone into bread by forcing us to employ people in net loss industries, by inflating and pushing rates too low in order to compel increased consumption of lower order goods by reducing the propensity to save i.e. to invest in money (isn't that how we get into the systemic error of entrepreneurial intra and inter temporal misallocation by uneven increases in price sending fiduciary profit signals?) & this war on savings is NOT the Broken Window fallacy?

Say's Law

[dosprog]

what the hell is wrong with their ties?:)

(not quite essentially)

[leaf427]

sometimes high IQ generates strange liking

[kombajndosalatek]

it's soooooooo difficult to listen to this guy..

[THE1FuzzyGoddess]

So, does Ludwig von Mises Institute in Alabama actually offer in house classes?! Or is their "Home Study" course that I've heard about, all that's currently available!?

[mjgormley]

I wish so much that I could have gone to this, but I'm a youth minister in Austin, Texas and had to lead our Confirmation retreat. Thank God for Mises Institute on iTunes U.

[falseangelwingx]

ramble bamble gamble i hate government LOL

[PontiffMystic]

Oligarchy run government, or government run by the state is the most destructive, and dangerous monopoly of any.

[032125]

When you comment, be sure that you drive by and sling mud, but avoid contributing anything substantial or useful. That'll teach those wacky freedom lovers.

[falseangelwingx]

umad 032125?

[manoman0]

@falseangelwingx - maybe you ought to pay attention to the ramble bamble gamble LOL

[TheProgressistViewer]

Yep, we hate the government that steals 50% of our income and waistes it, and then bore us for 4 years trying to convince us that it was good for us to get robbed.

[bajoverga]

Can someone post the list of these books?

[highonhayek]

Nice intro :)

[ronpaulspanish]

Awesome video!!!!

[return135]

Thanks for posting all of these!