Is Keynesian an accepted form of Economics?

Created by Poll Taker on Dec 2, 2012

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Yes

No.

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“It's comong.”

Since: Nov 12

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#21 Dec 6, 2012
Senora de la Iglesia wrote:
Do you believe that the replacement of the welfare system with a guaranteed income will end poverty? That is Cloward and Pivins's philosophy. I do not believe this for several reasons, one being you have to make those on the welfare system work, otherwise it is just welfare and won't work.
Simplistic, do you not see a similarity between what I printed above and Keynes's ideology? Keynes thinks that the government can buy economic recovery. I guess part of that is providing for the welfare of all. I see this as an impossible task and know of no society using Keynes theory successfully. Therefor the collapse of that society.

“It's comong.”

Since: Nov 12

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#22 Dec 6, 2012
Cloward and Piven wants to wipe out poverty.Well so do I but it is not possible. Keynes in effect wants the same by giving money to everyone.
Simplistic dolt

Cumming, GA

#23 Dec 6, 2012
Senora de la Iglesia wrote:
<quoted text>Simplistic, do you not see a similarity between what I printed above and Keynes's ideology? Keynes thinks that the government can buy economic recovery. I guess part of that is providing for the welfare of all. I see this as an impossible task and know of no society using Keynes theory successfully. Therefor the collapse of that society.
You haven't actually read any of his work, have you? The basic idea is that government stimulus spending during tough economic times can soften the blow, and make the dips less severe. The other side of that, is that governments should run surpluses when times are good. But these are things that have more effect on the middle class, and keeping the middle class from slipping into poverty.

As far as eliminating poverty, that's not possible. We could crack down on illegal immigration, causing labor to be more scarce, therefore more valuable, but that's another subject entirely.

“It's comong.”

Since: Nov 12

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#24 Dec 7, 2012
I studied Macro and Micro Economics in College. Keynes was not included or mentioned. I still have seen no societies that have been successful as a result of Keynes. Over.
Bluntforce

Canton, OH

#25 Dec 7, 2012
Simplistic dolt wrote:
<quoted text>
You haven't actually read any of his work, have you? The basic idea is that government stimulus spending during tough economic times can soften the blow, and make the dips less severe. The other side of that, is that governments should run surpluses when times are good. But these are things that have more effect on the middle class, and keeping the middle class from slipping into poverty.
As far as eliminating poverty, that's not possible. We could crack down on illegal immigration, causing labor to be more scarce, therefore more valuable, but that's another subject entirely.
Forgive me, I not a kollege gradtitate n' all. But where does a government that is stone broke, get all this so called stimulus money from. Does it print it? Does it borrow it from a foreign entity? How do you get blood from a stone?
hayneedle

Kingsland, GA

#26 Dec 7, 2012
The stimulus money is borrowed from the Federal Reserve Bank, the gov't gives them an IOU in the form of a Treasury bill (T-bill) which they auction off to the highest bidder. Then the taxpayer pays the interest on it with currency that is no longer backed by anything of inherent value, such as gold or silver, making the dollar a fiat (good faith) currency.
Gary Anderson

Las Vegas, NV

#27 Feb 1, 2013
Bluntforce wrote:
<quoted text>In what college classroom do your economic theories take place? In the real world, Greece is THE shining example of what NOT to do. Socialism works like a charm, until you run out of other peoples money. Then you're screwed.
There are only two solution, Keynes stimulus and Mises austerity. Austerity does not work, period. Keynes would work if the money went into the real economy. However it doesn't. It goes into speculation. Speculation must be stopped.

Bankers want threee things:

austerity
supply side (Andrew Mellon called it percolation)
speculation in futures markets

These must be stopped and avoided. Otherwise, we are screwed and the derivatives will take up most of the budget with more bailouts. Also, banks should be nationalized so that the profits can pay for their "mistakes" of easy money. After all, losses are socialized or the whole system will crumble, so may as well take their profits.

Otherwise, capitalism for the real economy could die.

I have an ebook that you may want to look at Will Rogers from Great Depression to Great Recession http://www.amazon.com/Rogers-Great-Depression...

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