Why do keynesian children like to pretend deflation is a bad thing when the entire gilded age(period of massive economic growth where wages rose and prices fell) had deflation year after year after year?
Why do keynesian children like to pretend we're somehow living under "neoliberalism" when we've done nothing but print trillions of dollars and given it to bankers and corporations since we got off the gold standard in 1970?
Why do keynesian children like to ignore the recession of 1920, which started off worse than the great depression, the government did absolutely nothing, the economy restructured itself and the recession was OVER in 8 months or so?
Why do keynesian children like to pretend "muh animal spirits" caused the great depression when the fed printed money in the 1920s causing an artificial boom which collapsed and then the government under Hoover/FDR basically completely took over the economy putting in wage and price controls, massive tariffs and taxes, insane crazy regulation, literally printing money and paying farmers to destroy food to prop up prices etc?
Why do keynesian children like to pretend WW2, a MASSIVE destructive war somehow got us out of the depression when all it did was convert most of the economic capacity of the country to a war machine(consumer goods aren't produced), made a lot of men fight a brutal war(muh lower unemployment rate amirite?) while there was food rationing, extremely long hours and poverty back home?
Why did keynesian children whine like the children they are when after WW2 when we massively cut taxes, regulations and spending it lead to the most economically productive year in American history and set the stage for the post war economic boom when the years before we did this, they were saying cutting spending would lead to a DISASTER?
Why do keynesian children like Paul Krugman believe that an alien invasion would help the economy?
Why do keynesians like to pretend the post war boom was keynesian when we were still on a semi gold standard and the amount of money the government printed was relatively SMALL compared to the massive trillions we've printed in the last 37 years?
Why do keynesians not realize that without the band-aid petrodollar system we have today americans would be incredibly fucking poor because our currency is the world reserve currency?
Why do keynesian children like to pretend that housing bubbles are good for the economy like the one they recently created? Why do they think raising housing prices on the middle class will somehow help them?
Why do keynesians not realize that any country that tries to implement a gold standard or some kind of sound money system gets fucking BOMBED and it's leader killed?
Why did keynes shove so many cocks up his ass?
Brody Rodriguez
Why do leafs make such bad posts?
Cameron Turner
I'm actually an Aussie on vacation.
Caleb Lewis
Henry Ford was redpilled and knew his shit.
Kevin Gomez
>tfw Sup Forums is to stupid to read this thread
Josiah Perry
Keynesian economics is institutionalized rent-seeking by the jews.
Joseph Young
>Keynesian economics is institutionalized rent-seeking by the jews. Thank fuck somebody gets it.
Oliver Bell
deflation is bad because under the current monetary system the money supply literally has to grow. money is created when debt is created their needs to be enough money supply to pay back the debt and the interest associated with it. Deflation of the money supply would literally bankrupt everything.
The solution to this is for the fed to be nationalized and for debt free money to be issued.
Jacob Martin
>The solution to this is for the fed to be nationalized and for debt free money to be issued. The solution is the fed to be abolished and the national debt to be CANCELLED.
>for debt free money to be issued. Agreed.
Logan Thomas
bump
Bentley Rodriguez
It's a serious problem that won't get fixed. It literally enslaves the majority of the world's population.
Luis James
>Why do keynesians like to pretend the post war boom was keynesian when we were still on a semi gold standard and the amount of money the government printed was relatively SMALL compared to the massive trillions we've printed in the last 37 years?
Trump has been talking to a lot of economists, the Keynes shit is about to go
Jason Martin
True. At this point it's self-perpetuating too. Loans drive inflation, and inflation drives loans because houses and shit become more expensive. Correct me if I'm wrong, but the only real way to fix it is to get rid of fiat currency, right? Along with abolishing the fed and other silly shit like govt student loans, of course.
Isaiah Brooks
The only solution is crashing this plane with no survivors !!
but you are correct op Keynesian economists and economics are a joke
Josiah Jenkins
>Correct me if I'm wrong, but the only real way to fix it is to get rid of fiat currency, right? Yes.
>like govt student loans, of course. Gov student loans are the very reason tuition prices are so expensive. Bernie sanders is fucking retarded. People used to be able to work a summer job and pay for their fucking college tuition.
God damn people are so brainwashed.
Jaxson Morales
>Keynesian economics
Sheeeeeeee
It's like telling a smoker his bad habit is actually good for him. Telling politicians their bad habit of spending other people's money badly is actually good for the economy, fucking hilarious.
Can't wait for more stimulusssssssss to help stimulateeeeeee the economeeeeeee which has stagnaaaaaated and requires government helppppppppp to get going because without it it will stall and die leaving us all dead god bless Keynes and god bless Japan showing us the way forward following decades of stimulus and explosive growth and prosperity
Austin Perry
Keynsians like to trick people into working for intrinsically worthless paper currencies who's value is only maintained by bringing new 'users' into the ponzi scheme.
It's just better for making war. No time to be digging up gold when the enemy is bombing you.
Jose Smith
>and god bless Japan showing us the way forward following decades of stimulus and explosive growth and prosperity Kind of a shame. Keynesianism fucking destroyed Japan.
Hunter Hall
Sort of right but there really isn't enough gold to back the dollar. It has to crash and be rebuilt from the ground up. Deregulated and safe guards need to be put in place to prevent it from occurring again. But the whole institution is corrupt and built around it so many things will resist this and help prop it up for a long as they can.
Gavin Rodriguez
Paul Krugman is fucking retarded.
He's also terrible at predicting things.
In the early 90s he said the internet was a "fad" that would never take off.
In the early 2000s he said greenspan needed to inflate the housing market to create a housing bubble.
Months ago he said Trump would never become president.
Samuel Butler
>ctrl+f >type hayek >no results found
Why though?
Lincoln Young
Only because they simply didn't spend enough. This is the beauty of it; like all lefty programs and policies it's failure can never be said to be due to it being shit. When the new school program helping drug dealers become surgeons fails, it's not because it was shit but because it simply didn't have enough funding and time. Japan simply didn't spend enough to stimulate the economy.
They can never lose and each failure simply brings a bigger and bigger wave of funding in an attempt to make it work this time. I fucking love it holy shit it's genius
Luke Turner
Imagine being consistently wrong on so many big things yet somehow still having a job. Why hasn't he been fired? Hell after this election I would have fired all my political reporters who ran around printing 99% Hillary on my newspaper/news channel.
To be krugman level wrong so often and somehow find employment really is amazing it really is.
David Perry
Keynesian are infected with a brain eating disease
This disease makes them believe government spending = growth, expansionary policy is always good, and stagnation cannot exist with inflation.
You can only cure a Keynesian if you can help them swallow the red pill: government cannot produce goods by definition and would in any case could only be measured as an economic bad.
Also neo-liberalism is the kike version of anglo autism. Both are full retard when it comes to praxeology although i think Friedman is intentionally trying to jew people.
Chase Collins
>Why hasn't he been fired? Why hasn't Nate Silver been fired?
Grayson Moore
Friedman was okay but he was keynesian-lite and had pretty bad advice.
Ayden Davis
>Why do keynesian children like to pretend we're somehow living under "neoliberalism" when we've done nothing but print trillions of dollars and given it to bankers and corporations since we got off the gold standard in 1970?
Neoliberalism is prevalent among academics, but government ignores them because even neoliberalism is giving the unwashed masses too much influence.
Funny thing is I think the masses SHOULD be oppressed with shitty keynesian systems. Reserve free markets for the NEW elite...us.
Oh please faggot try to make the argument that constantly falling prices are a bad thing I would love to see you try.
Cooper Adams
I hate to be the lolbertarian voice but smaller government + freer market = less taxes and healthier economy
Robert Taylor
Being a free market white nationalist is the ultimate redpill.
Cooper Morris
deflation increases generally increases ppp
the fed is basically nationalized. there is no such thing as debt free money, money is literally trading credit dont be a fucking fool.
friedman and chicago is neoliberalism and they go full retard on capital controls just like austrians go full retard on fiat currency just like marxists go full retard with any rational thought
Hunter Morales
You don't understand the basics of economic theory beyond a 101 level. t. MBA
Benjamin Cooper
I can't fathom how the keynesian can even defend mass government spending. How do they think the government gets money and the effect it is going to have. Middle class are wage slaves working to get the rich richer and supply the poor with the bare essentials to survive but produce nothing. When will they wake up?
Camden Cook
keynesianism is the creationism of economics, don't bother
Tyler Collins
t. keynesian leftist cuck
Bentley James
Pay debt
Carson Scott
If only people in your country thought that way you wouldn't be in the mess you are now.
Connor Rogers
>Greece >cûcked by Germany with Austrian economics >cûcked by EU commission with Austrian economics >cûcked by IMF with Austrian economics >literally children starving in school like in some third world shithole
lol guise, if I trash Keynesianism, will I finally be accepted by the internets?
Eli Miller
I had economics in high school. I already learned austrian economics before I started. First year in keynesian economics I got C's. Second year I got D's. Last year I flunked. I can not bring myself to propagate keynesian economics.
Michael Sullivan
Next you'll tell me labor theory of value is good
Elijah Thomas
>greece >massive money printing from the ECB resulted in distorted economy >no austerity in sight, only slight decreases in the RISE of increase
>austrian economists
ARE KEYNESIANS ACTUALLY THIS DESPERATE? LMAO
Robert Sanders
>medpack >germany not retarded Keynesian >EU commission not germany >IMF not retarded neoliberalism post-bw retarded Keynesian up to retardation of cc
Josiah Foster
You mean the "economic theory" that actually makes people worse at predicting the market? kek
Connor Reyes
Oh boy, somebody read one contrarian book on central banks. Watch out for the expert guys!!!!
Some geniuses post on 4 Chan. Nationalise the Fed! You know, the government funded national bank whose chair is appointed by the President and confirmed by the Senate. We need to nationalize that n institution...
Lincoln Lee
>one contrarian book Yes I was able to write out all of that information from reading a "contrarian" pop up book.
Great post.
Samuel Davis
Nothing you've written makes me think you know what you're talking about though.
Nothing you're saying is accurate or original. That said, you probably just read some echo chamber blogs and part of a book, saying it was a whole book was over optimistic
John Diaz
>Nothing you've written makes me think you know what you're talking about though. >I STILL have no argument
Every time.
Landon Fisher
>that chart
Oh fuck
Andrew Parker
Do you have a legible version?
Ethan Sullivan
>phoneposters Click on the image, are you dumb?
Wyatt Johnson
...
Xavier Phillips
People just love the idea of a multiplier and money creating money (not more subjective value) just by the virtue of changing hands many times
Wouldn't you expect Friedman or Mises before Hayek?
Jayden Miller
WEW
Chase Price
TOP QEQ
Carson Gomez
well shit isn't all that much better here in europe, not to talk about spain.
thankfully we just elected our cuckservative president a third time and that's good becau-... oh wait
Bentley James
>each failure simply brings a bigger and bigger wave of funding in an attempt to make it work this time don't listen to this guy, folks
Dominic White
How do Austrian fundies explain their viewpoint without sounding like a religious extremist?
>economy good? The free market did it! Praise the free market!
>economy bad? Just have faith that the free market will fix it! Praise the free market!
Tyler Nelson
>I actually unironically believe strawman arguments created by children
Samuel Thompson
...
Jayden Garcia
stop supporting the EU
Elijah Ortiz
John Maynard Keynes was a fabian socialist and a known homosexual.
Michael Davis
>Well, it wasn't TRUE Capitalism, lets try it again
Ryan Kelly
>here really isn't enough gold to back the dollar. >Space goes on to infinity
This is why the elites put so many restrictions on spaceflight.
Christopher Gonzalez
What are you talking about?
Anthony Bell
Wow he is fucking retarded. It's like he didn't realize there would be people younger then him.
Leo Jones
Keynes figured out how to convince people that "Not true Socialism/Communism" is actually Capitalism, laying the groundwork for the "Real Communism has never been tried"
Xavier Murphy
Because if government can't print money they cant hand it to universities so universities love Keynes.
>the entire gilded age(period of massive economic growth where wages rose and prices fell) had deflation year after year after year? Is this true or it's like "we wuz free trade and shieeet back then"(while having ~40% tariffs) meme?
Christopher Butler
>Why do keynesian children like to pretend deflation is a bad thing when the entire gilded age(period of massive economic growth where wages rose and prices fell) had deflation year after year after year?
It was called a "Gilded Age" for a reason and wasn't so rosy as you seem to think.
>Why do keynesian children like to pretend we're somehow living under "neoliberalism" when we've done nothing but print trillions of dollars and given it to bankers and corporations since we got off the gold standard in 1970?
Upwards redistribution of wealth and crony capitalism is pretty much the definition of neoliberalism.
>Why do keynesian children like to pretend WW2, a MASSIVE destructive war somehow got us out of the depression when all it did was convert most of the economic capacity of the country to a war machine(consumer goods aren't produced), made a lot of men fight a brutal war(muh lower unemployment rate amirite?) while there was food rationing, extremely long hours and poverty back home?
WW2 was destructive for Europe, but not for America, it wasn't fought on US soil. In US it finally made it politically possible to unleash much-needed deficit spending.
>Why did keynesian children whine like the children they are when after WW2 when we massively cut taxes, regulations and spending it lead to the most economically productive year in American history and set the stage for the post war economic boom when the years before we did this, they were saying cutting spending would lead to a DISASTER?
You do realize that cutting taxes AND increasing spending is exactly what Keynesians advocate as a remedy for recession? Also, you claim that this "most productive year" was made possible by post-war reforms, but the war itself had nothing to do with it? How myopic.
>Why do keynesian children like Paul Krugman believe that an alien invasion would help the economy?
Because, just like WW2, it would practically force the politicians to implement deficit spending.
Andrew Ross
>Why do keynesians like to pretend the post war boom was keynesian when we were still on a semi gold standard and the amount of money the government printed was relatively SMALL compared to the massive trillions we've printed in the last 37 years?
It was a period of deficit spending and government debt, fractional reserve banking increased the money supply. Seems pretty Keynesian to me, you don't need to literally print banknotes in order to create more money.
>Why do keynesians not realize that without the band-aid petrodollar system we have today americans would be incredibly fucking poor because our currency is the world reserve currency?
They do.
>Why do keynesian children like to pretend that housing bubbles are good for the economy like the one they recently created? Why do they think raising housing prices on the middle class will somehow help them?
Nobody actually claims it's true.
>Why do keynesians not realize that any country that tries to implement a gold standard or some kind of sound money system gets fucking BOMBED and it's leader killed?
Many of them probably do, it's pretty much common knowledge that any attempt to divest from dollar is a threat to US. Saddam got offed for trying to switch to Euro, it's not about some bullshit "sound money", it's about the dollar remaining a dominant reserve currency.
>Why did keynes shove so many cocks up his ass?
Better to be a fag than a moron who thinks he understands economics after watching several youtube videos.
Jeremiah Jones
nice image
Dominic Mitchell
oh course he was.
Jack Baker
boom bust economy is social darwinism, weeds out the stupid and creates very profitable market enabling those with a brain to get rich fast.
Nicholas Sullivan
This is satire yes? Keynesianism hasn't been a force of policy since the 70ss and no, the guilded age had both inflation and deflation.
Justin Jenkins
Because Keynesianism justifies government intervention and a ton of bureaucrat jobs for them to work by doing nothing but feeding off of the private sector.
Aiden Brown
"debt-based money" anyone who thinks this is a thing can't explain how "debt-free" money is different from debt-based money.
>deflation is bad because under the current monetary system the money supply literally has to grow.
no it doesn't. you learn how to into finance. also, you can have an expansion of money supply and decrease in prices.
Owen Hall
no the people who believe in the debt-based money thing are people who are bad and handling credit cards and are just coming up with a way to blame the jews on their own lack of self-control and always whining in math classes about interest payments in the form of "when am I ever going to use this?"
Ryder Moore
>They can never lose and each failure simply brings a bigger and bigger wave of funding in an attempt to make it work this time. I fucking love it holy shit it's genius Keynesians claim that they are "Scientific" but this is the biggest question and they can't even fucking be bothered to come up with a falsifiable hypothesis to test this
Luis Lee
krugman is a mouthpiece for the NYT his work on international trade, which he won the nobel for, is pretty good. i think he's just checked out and is using his rep/prestige to whore out for the NYT. Anyone could write what he writes, but they just have him do it in order to make themselves appear more legitimate.
Elijah Bailey
Keynesianism is unrelated to the study of economics. It's a collective delusion common to socialists.
Nathaniel Phillips
it's worse. it's a cult of personality. everything in economics today is based on all the pederast's writings in the general theory even though it's all conjecture.
Jayden Powell
i saw a guy with a fedora once talk about how mises was right about something therefore, austrians are wrong because of his fedora keynes the pederast is a god and his book is ultimate truth
Jonathan King
>In US it finally made it politically possible to unleash much-needed deficit spending. yes, that all went into weapons of war. people having to give up basic necessities of life didn't improve the economy it only improved when the war stopped and people could get back to work and compete with a world that had most of its capital destroyed.
