Creative Quotations from John Maynard Keynes for Jun 5
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Keynes was not correct with his economic theories, Adam Smith's theories were good for having a sound economy.
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Loving the Economic Banter.
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@mintoo2cool I still want to dig him up and beat the shit out of him.
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This guy is so creative he creates money from thin air and now the world is suffering. Can we dig him up and kick the shit out of him.
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@kkmarivate Plus his theories are the only ones in action, so *of course* all problems will be blamed on them.
I don't see anyone rushing to create a libertarian Hayek-esq state. Do that, see how it goes, then come back and weight Keynesian economic theory against it.
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@PrCleburne1828 im not keynesian but keynes ideas weren't "completely wrong". even his opponents use keynesian maxims and methodology to justiy their research; this reinforces the notion that keynesian economics has its advantages at certain levels. but what keynes' detractors dont understand is that it was the application of keynesian economics that was wrong not his whole thesis. for a long time now its been easy to criticize keynes because he isnt alive to defend himself of modify his theory.
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hear hear!
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@PrCleburne1828 dude hes been dead for decades ...
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@PrCleburne1828 Keynes was brilliant and correct in his theories . The world economic crisis has its roots in Monetarism .
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A Conspiracy of Quotes - Moneyby betweenthreeislands1,555 views
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Government Intervention, Regulatory Policy, and the Financial Crisisby afq200710,138 views
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20/20 with Namita Shahby radiodoll2,969 views
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Phillips Curveby pajholden100,368 views
Keynes is living proof that a man can be simultaneously brilliant , and completely wrong in his theories .
PrCleburne1828 2 years ago 5
Name one American product that is produced to overstock that would not sell if the price was lowered.
If it is sold below cost, then it should not be produced to begin with. What you seem to forget is that the cost of living in the US is too high to begin with. That is because of government, not free trade. If we had free trade, our cost of living would be lower, therefore the cost of production would be lower as well.
You don't seem to understand anything an average sized brain could.
Elasaltaculos 2 years ago 2