Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: humblegunner
Do know what Keynesianism is?

How about Credit Expansion?

I knew it. You a freakin' "open-minded"(stupid and wrong) retard.
38 posted on 05/09/2004 2:05:01 PM PDT by Anti-Bush Hater (Assembling a bunch of hippies and paid liars to regurgitate commie lies is not an "Investigation")
[ Post Reply | Private Reply | To 35 | View Replies ]


To: Anti-Bush Hater
Do know what Keynesianism is?

Yes, it's a John Maynard Keynes economical treatise / theory that is outdated
and frankly kind of quaint.. you are obviously a student newly exposed to this.

BACK in 1959 there came into print a book which might have changed our world, In painstaking detail, it refuted all the premises of the most influential book on economics since Marx, John Maynard Keynes' General Theory of Employment, Interest and Money, first published in 1936. Other well-known free market economists had attacked Keynes, but this was the first full length analysis, almost sentence by sentence, of Keynes' chief work.

Yet Van Nostrand's original edition of Henry Hazlitt's The Failure of the "New Economics" sold no more than 5,000 copies and a 1973 edition by Arlington has added only 7,000 more. In a world largely controlled by words, why has an apparently monumental work been so completely ignored?

To answer this question we must first look at what Keynesian economics is all about.

Although the writing of Keynes (pronounced "Kanes") is complicated and contradictory, Hazlitt has reduced it to something quite simple. He finds it largely a rehash of mercantilism, a centuries old theory that when business is bad it is due to (1) a scarcity of money, and (2) general overproduction. The first of these is one of the old, populist easy-money theories which still persists to some extent in Congress 200 years after it was first destroyed by Adam Smith. If it were valid, the underdeveloped nations would only need to print large quantities of paper money in order to have instant prosperity.

Obviously to you, Keynesianism means worshipping Limbaugh and using his opinions when
you are unable to formulate your own.. perhaps due to lack of intellect or possibly
because of outright ignorance.. I can't say which.

Also, newbie, you ought to learn how to conduct yourself around here.

I knew it. You a freakin' "open-minded"(stupid and wrong) retard.

Yes, I a freakin' retard. Go axe your friends, they be say "true dat."

53 posted on 05/09/2004 2:35:02 PM PDT by humblegunner
[ Post Reply | Private Reply | To 38 | View Replies ]

To: Anti-Bush Hater
Wow.
You really went out of your way to ingratiate yourself to people.
HOW many posts into this thread did it take you until you started pretending to be all superior to everyone else, "Do you know what THIS means? Do you know what that is? Retard, loser, yak yak yak whine whine whine bile bile bile."
You outed yourself, troll.

127 posted on 05/09/2004 5:01:32 PM PDT by Darksheare (You've heard of clothes moths, right? Well, it seems DU'ers have head moths eating their minds away.)
[ Post Reply | Private Reply | To 38 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson