A Critical Flaw in the Keynesian Model

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Uploaded by on Aug 18, 2009

The Making of Modern Economics
by Mark Skousen

Category:

Education

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Standard YouTube License

  • likes, 7 dislikes

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  • Just one flaw?

  • By including intermediate goods in the sum total of your GDO, are you not counting them twice? Usually, the price of a final good includes the cost of purchasing the intermediate goods used to create it.

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All Comments (9)

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  • When you take out the critical flaws in the Keynesian model you are left with nothing, when you take out the critical flaw in the Austrian model, you are left with the Austrian model.

  • I rate this video as destructive counterintelligence.

    There ought not to be any business cycle what-so-ever. What the stock market IS as compared to what it ought to be, is comparing apples to oranges.

    The media is a propaganda arm of foreign BANKERS, and NOTHING that comes out if it is anything other than weaponized lies. Investment is IMPOSSIBLE with central bankers PLUNDERING everyone’s private property.

    Any quantity measured in irredeemable fraud-dollars, is unscientific drivel.

  • @raintree710

    Try reading the book

  • wow i love all the charts and pictures in your video lmao

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