Keynes, Upside Down

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investorzzo's picture
investorzzo
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Posts: 1182
Keynes, Upside Down

Keynesian view. I will try and post an Austrian view later. This road is the one that will lead to insolvency and bankruptcy. Obama has chosen this path. There are two views on how to get out of this mess. Keynesian and Austrian.

 

http://www.financialsense.com/editorials/benson/2009/0205.html

 

 

investorzzo's picture
investorzzo
Status: Diamond Member (Offline)
Joined: Nov 7 2008
Posts: 1182
Inflation: print more-money-more money-more money-more money

Marc Faber 

http://www.cnbc.com/id/29047443

 Peter Schiff

http://www.youtube.com/watch?v=uTjjN04XEcE 

Gadfly's picture
Gadfly
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Joined: Dec 5 2008
Posts: 127
Re: Keynes, Upside Down

"...economists who support Keynesian spending programs in theory tend to
overlook the self-interested behavior of the politicians who must spend
all the money in practice." James Buchanan

I think this quote best articulates why Keynesian economics is doomed to failure.

sv133's picture
sv133
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Re: Keynes, Upside Down

The article states that 'the obvious cure for the credit problem is higher incomes, less credit, and more savings, just as the only real cure for a heart problem is a healthier diet and regular exercise."  I used to believe that was the answer too, but now, after having viewed and read Chris' materials, it seems to me that the money to pay the higher wages would have to be loaned into existence as well so we would still have the same problem -- debt would continue to increase.    What am I missing?

DrKrbyLuv's picture
DrKrbyLuv
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Posts: 1995
Re: Keynes, Upside Down

investorzzo - I don't think we are practicing any form of economic theory anymore - this is total market manipulation and control.

Dr. Marc Faber on the 'Zimbabwe School' of Economic Thought

Now being practiced in the US: the 'Zimbabwe School:'  "Founded by
Mr. Robert Mugabe, a leader who has managed to totally impoverish his
country.  This is the monetary policy that the US is pursuing. If
something goes wrong, print. If it doesn't get fixed, print more. If it
then goes even worse, print more!"

 

 

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