Keynes vs. Hayek: Late Economists’ Hip-Hop Legacy
By Barry Ritholtz - December 19th, 2009, 10:00AM
Tweet
Facebook
Reddit
Digg this!
Comments
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
December 19th, 2009 at 11:12 am
Is this supposed to be some sophisticated white kid rap? White kids are trying so hard to be badass but this is just pathetic. Go play golf or something. Really…
December 19th, 2009 at 9:03 pm
Keynesian economics didn’t work in the 1930s, and it won’t work now. Of course, the Keynesian disciples will dismiss any future criticism by saying the stimulus was not big enough. The government does not instill confidence; it creates caution. How many small business owners are waiting to see what happens with health care? Or, how about the fear of increasing unemployment insurance premiums? And, we know the government doesn’t utilize capital very well.
December 20th, 2009 at 9:12 am
Way back in April 2008, I said: “There is one cure, and one cure only, for a recession, or depression: Increase the money supply. How? By federal deficit spending. The federal government creates money when it pumps more money into the economy than it removes by taxation. The $150 billion stimulus package is an example, albiet too little and too late. ” See: http://rodgermitchell.com/medialetters.html
Rodger Malcolm Mitchell