Best Books Criticizing Keynesian Economics | David Gordon

Presented by David Gordon at "The Failure of the Keynesian State," the Mises Circle in Houston, sponsored by Jeremy S. Davis. Recorded Saturday, 23 January 2010. Includes introductory remarks by Mises Institute president Douglas E. French.

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[return135]

Thanks for posting all of these!

[ronpaulspanish]

Awesome video!!!!

[marcdaddy33]

good stuff

[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".

[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.

[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 -

-

[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]

@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.

[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

[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.

[leaf427]

sometimes high IQ generates strange liking