Message from @sɪᴅɪsɴᴏᴛʜᴇʀᴇ
Discord ID: 531950229147090955
yes that’s fine
And expansionary policies cause recessions
we’ve seen this throughout history
Inflation is no good for an economy
Keynesian lies once again
You know there is a reason that double digit inflation hasn't been a thing in a long, long time, right? Because economists realized Friedman was right. So, I agree to an extent. But I still think an economy should be somewhat managed
Even if Keynesianism is the dominant force, economists still recognize Friedman
yes Friedman was wrong on monetary policy
I already assumed you thought so
Double digit inflation is rare yes
Used to be a norm
And in those days imagine how high the taxes were
not imagine but look behind
at time
@Diadochi I don’t know why they don’t recognise the pro free market Friedman
I think the FED however should be abolished
Not only did they cause the ‘29 and ‘08 recessions
They caused almost every one between them
Their cheap credit policies which turn into contractionary policies
So, which recessions did they __not__ cause?
Probably little ones between
Is it possible for an economy to grow *too* fast if it's completely free market?
Nope
@Muhammad Al-Tajir This TBH
Still I think the question isnt framed so much to deal with economy and economic policy and how it wil be run as far as the idea of the central bank as an idea in and of itself
For me having one that is private is a horrible liability, and it puts control of potentially the entire economy into the hands of someone who can abuse it, manipulate it, etc.
however putting it in the hands of the state does not mean that it wont be corrupt
>Deletes it
Daily Question 🔖
How degenerate is Generation Z?
@everyone
Which one is Gen Z again?
not at all
The current one
Far better than Millennials
mine
@Da_Fish 1995-200x
Oh, some are some aren't
There are less commies
^
I don't know why people act like they're perfect
And there's sort of a right wing revival