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Topic	Myths you're sick of people perpetuating.
tennisdude818 12/09/18 10:25:01 AM #140:	Anti-245 posted... tennisdude818 posted... RoadsterUFO posted... Keynesian and Marxist economic policies This, and the 08 crisis was caused by deregulation. Keynes actually saved the U.S. back in the 30s. Marx critiqued capital so I don't know what "Marxist ecocomics" are. If anything, Reagenomics and Thatcherism should be discarded as they have taken two of the most powerful nations on earth and ruined them economically despite their proaganda. Just like at the U.S. And UK now and see. Here's another myth to add to the pile. It's up there with "Hoover caused the Great Recession by not getting the Federal Government involved." It took a decade for the US to escape that depression. Compare that to the forgotten depression of 1920 where the Federal Reserve and Federal Government did nothing, prices adjusted, and the economy was great a year later. Keynesians don't have good examples to back up their ideology. They just look at bad economic periods where big government was utilized to stimulate the economy, notice that recovery takes several years if it even happens at all (i.e. Japan), and say that a) their model shows things would be worse without intervention, or b) intervention was too slow and small. We could try to build a death star during the next recession and when it doesn't lead to the economic growth that Keynesians promise, they will just say we should have built 2. --- "I have never understood why it is greed to want to keep the money you have earned but not greed to want to take somebody else's money." Thomas Sowell <cite>tennisdude818 posted [p:913818138] in Myths you&... [t:77281459]...</cite> <quote><cite>Anti-245 posted...</cite> <quote><cite>tennisdude818 posted...</cite> <quote><cite>RoadsterUFO posted...</cite> <quote>Keynesian and Marxist economic policies</quote> This, and the 08 crisis was caused by deregulation.</quote> Keynes actually saved the U.S. back in the 30s. Marx critiqued capital so I don't know what "Marxist ecocomics" are. If anything, Reagenomics and Thatcherism should be discarded as they have taken two of the most powerful nations on earth and ruined them economically despite their proaganda. Just like at the U.S. And UK now and see.</quote> Here's another myth to add to the pile. It's up there with "Hoover caused the Great Recession by not getting the Federal Government involved." It took a decade for the US to escape that depression. Compare that to the forgotten depression of 1920 where the Federal Reserve and Federal Government did nothing, prices adjusted, and the economy was great a year later. Keynesians don't have good examples to back up their ideology. They just look at bad economic periods where big government was utilized to stimulate the economy, notice that recovery takes several years if it even happens at all (i.e. Japan), and say that a) their model shows things would be worse without intervention, or b) intervention was too slow and small. We could try to build a death star during the next recession and when it doesn't lead to the economic growth that Keynesians promise, they will just say we should have built 2. --- "I have never understood why it is greed to want to keep the money you have earned but not greed to want to take somebody else's money." Thomas Sowell</quote> ... Copied to Clipboard!
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