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Making Fun of Keynesian Economics
Townhall.com ^ | March 10, 2014 | Daniel J. Mitchell

Posted on 03/10/2014 5:51:24 AM PDT by Kaslin

Edited on 03/10/2014 6:06:28 AM PDT by Admin Moderator. [history]

Itís sometimes difficult to make fun of Keynesian economics. But this isnít because Keynesian theory is airtight.

Itís easy, after all, to mock a school of thought that is predicated on the notion that you can make yourself richer by taking money from your right pocket and putting it in your left pocket.


(Excerpt) Read more at finance.townhall.com ...


TOPICS: Business/Economy; Culture/Society; Editorial
KEYWORDS: aliens; comedy; keynes; keynesianeconomics; krugman; paulkrugman

1 posted on 03/10/2014 5:51:24 AM PDT by Kaslin
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To: Kaslin

Dumping massive amounts of cash into the economy on a permanent basis is not Keynesian economics. It is insanity.


2 posted on 03/10/2014 5:57:15 AM PDT by DManA
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To: Kaslin
>>>>It’s sometimes difficult to make fun of Keynesian economics>>>>

In the same way it's difficult to make fun of the holocaust and babies drowning in swimming pools.

3 posted on 03/10/2014 5:58:00 AM PDT by Impy (RED=COMMUNIST, NOT REPUBLICAN)
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To: Kaslin


4 posted on 03/10/2014 6:24:22 AM PDT by Iron Munro (Albert Einstein: The difference between stupidity and genius is that genius has its limits)
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To: Kaslin
And let's not forget the hip-hop version.

"Fear the Boom and Bust" a Hayek vs. Keynes Rap Anthem

5 posted on 03/10/2014 6:41:04 AM PDT by Maceman
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To: DManA

Lots of FReepers turn to Keynesian Economics to explain why NYC isn’t in trouble despite $120 billion in debt. They say “NY has taxpayers” but the problem is that the debt continues to grow and the piper will need to be paid at some point. The cost of those debts will begin to fall on the taxpayers and the taxpayers will flee.

The election of a marxist mayor has accelerated the process.


6 posted on 03/10/2014 6:50:24 AM PDT by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: Kaslin

I don’t recall that we’ve ever really actually tried Keynsian economics. Sure, we’ve done HALF of it, namely increased deficit spending during economic downturns. However, the other half of the Keynsian formula is to reduce government spending and run surpluses during the upturns in the economic cycle. It seems our politicians who promote the Keynsian view conveniently ignore that part of it.

Not that it would matter much anyway. It’s best for the government to just lower taxes, lower spending and run balanced budgets all the time. Let the market resolve the booms and busts as it invariably does.


7 posted on 03/10/2014 8:18:51 AM PDT by stremba
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To: Iron Munro

We have Kenyanesian Economics.


8 posted on 03/10/2014 9:27:13 AM PDT by Paladin2
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To: Kaslin

I filled up my swimming pool by pumping water from one end to the other!


9 posted on 03/10/2014 2:00:36 PM PDT by Da Bilge Troll (Defeatism is not a winning strategy!)
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To: stremba
However, the other half of the Keynsian formula is to reduce government spending and run surpluses during the upturns in the economic cycle. It seems our politicians who promote the Keynsian view conveniently ignore that part of it.

That's actually right. I'm no defender of J.M. Keynes, but that's the part that's always forgotten. Keynes more than anything else was just trying to smooth the peaks and valleys that happen in the business cycle. You save during boom times to spend it back out during the bust times. Somehow the "saving" part never got out. Instead they spend during the boom times and then even more during the bust times. Stupid liberals can't even get Keynesianism right.

10 posted on 03/10/2014 2:23:22 PM PDT by Ramius (Personally, I give us one chance in three. More tea anyone?)
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To: Ramius; stremba; Kaslin
Why should the GOVT accumulate these happy "surpluses" during the good times? Just let each citizen hold his or her own savings nest egg, and utilize it to re-tool skills and business when the economy dips and changes. What a complete scam the Keynesian macro-Marxist model is! (Yes I'm an 'student' of Mises, Hayek and the Austrian School.)
11 posted on 03/10/2014 10:06:45 PM PDT by 4Liberty (Optimal institutions - optimal economy.)
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To: Kaslin

Say, did you hear that this winter it’s been so COLD in the Midwest & East Coast that DEMOCRATS have been sighted with their hands in their OWN POCKETS?!!

LOL!


12 posted on 03/10/2014 10:29:52 PM PDT by AlanGreenSpam (Obama: The First 'American IDOL' President - sponsored by Chicago NeoCom Thugs)
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