Message from @Tylerantcp
Discord ID: 684858678188441600
I mean it's a wide term, there's not so much something called "Keynesian economics" anymore.
Anyways, the paper above.
> We find that New Deal cartelization policies are an important factor in accounting for the post-1933 Depression
That’s not accurate, do you have a question about what Keynesian economics refers to with regard to the Great Depression?
Keynesian economics isn't a thing, nor is "Chicago". If you go in an economics faculty nobody is identifying themselves as those names, it's just "economists".
...right
If you talk to economists about that, they’ll know exactly what you mean
Do you understand what I mean or do you need clarification?
Clarify
Ok, Chicago school is sort of the heart of neo-Austrian economics
Keynesian economics with regard to he Great Depression means providing job programs regardless of necessity, in order to provide demand for the market
Do you understand that?
Keynesian is good
Sure,
> Ok, Chicago school is sort of the heart of neo-Austrian economics
This is a word salad
Ok, so you don’t understand that?
There are little remaining of "schools" since the Lucas critique
You’re unfamiliar with Chicago school?
Lol
You’re adorable.
Finish your Econ degree honey
Then come back to the big boys table
Yeah, he’s a high schooler who’s read a book
I'm familiar, but there's nothing with 'schools' anymore.
When he learns the subject matter he can debate in earnest
r
This is you.
Lol
That’s an amusing thing for the person with less education to send
But maybe you only thought you understood the effect 😉
Looks like the stock market hadn’t stabilized, it was just responding to expectations of a rate cut
What vindication for anyone who said we need a few days more data
Weird.
The stock market fell when the fed cut rates
> That’s an amusing thing for the person with less education to send
https://en.m.wikipedia.org/wiki/Dunning–Kruger_effect
@Sophie this is pretty much peak dunning Kruger effect. You’re assessing your economics as if you have a large depth of understanding, however when talked about: price controls, supply and demand, “capitalism”, “Keynesian economics”, new deal and corporate taxation for examples - there is no understanding.
...
You misapplied the theory
This is absolutely peak dunning Kruger
You’ve taken some economics
So you think the theories you understand apply universally as you understand them