Niall Ferguson on the Pitfalls of Keynesian Economics
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Niall Ferguson conceded this debate about 5 months ago.
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I'm not a big Keynes fan. Too much gov. involvement=inefficiencies.
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mass imm. is destroying the west.
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Regional production efficiencies (ie. CNC, base resources) and transportation underpin the entire system dynamics. Keynes or not.
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@atlasman55 So perceptive.
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@carcabe Man you really are a pompous simpleton aren't you?
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@TheBullionBull hahaha. NO!! YOU SURELY ARENT GONNA TALK BAD BOUT KEYNES NOW MATE AY?!!
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Neo-classical economics does not work. They merged CAPITAL with LAND 100 years ago and since there has been one economic disaster after another.
Get back to basics. Look at Geoist economics with Land Valuation Tax as its core. No boom or bust and will drag us out of the depression quickly. Used in part by Hong Kong and Singapore.
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@myroseaccount Uh, Ferguson's current wife comes from the poorest of living standards (she is a Somali black woman and former refugee), so I very much doubt that this simplistic nonsense you are spouting is connected to reality.
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"You have doubts about Keynes!?!?!"
Lol, that old man sounded like some medieval inquisitor asking if someone had broken orthodoxy. We are witnessing the destruction of the world economy as a result of this fundamentalist adherence to Keynes' nonsense.
TheBullionBull 1 year ago 24
@rspawn Why is that??? Keynesian economics has nothing to do with taxing the rich, Keynes said that in a recession... either tax cuts or fiscal stimulus should take place. His ideas have been perverted.
Oh and remember what keynesian economics led to??? Stagflation with 30% inflation in the UK and 13% inflation in the US.
bonfirejovi 1 year ago 8