Response to CobraJones on Keynesian economics
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Uploader Comments (migkillertwo)
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Remember, even Adam Smith argued that governments should intervene in cases of market failures. Austrian economics make Adam Smith look like a bloody socialist or a Keynesian. They like to equate everything that isn't Austrian-Anarchism to socialism, heck even Hayek would be a Keynesian according to Mises!
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Greenspan began slowly raising interest rates in 2003. Ultimately he raised them by several points.
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@migkillertwo My speakers have mysteriously improved!
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Physical or Fiscal?
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1:30 I am surprised I agree with you.
The problem I have with Keynesians is they will in practice focus on one sector and do so explicitly (to the point of advocating creation of new bubble). I think it has to do with the inherent inability of governments to develop more encompassing programs.
I wonder what are your thoughts on wealth tax. Would that prevent hoarding?
I disagree with your statement on Europe. I think level of internal demand made the difference between winners and losers.
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Im not a huge fan of Keynes myself. Its basicly just ""Let the market fail, fix the problem. Let the market fail, fix it again"" and so on forever. Personally, I think there should be constant regulations and restrictions on the markets, and that the state should actually have power over it, and not the other way around.
gulbirk 1 month ago
@gulbirk regulations need to be as small and unobtrusive as possible. Otherwise,businesses will have smaller incentives to hire and produce. Production, coordinated by the demand of other producers is the foundation of economic growth
migkillertwo 1 month ago
You got a better mic ^_^
Coquipirate 2 months ago
@Coquipirate I've had this mic for years.
migkillertwo 2 months ago