Yes they do

LOL

ABCT is false now

It's a defense for usury

I'm usurypilled

he did, where?

Feder's Theory of Interest <:chad:793675087064465449>

In his general theory and every other literature he had

He saw central bank action as barley demand responding for recessions

Keynes believed in spurring investment which open market operations precisely do

no you aren't

are you ?

No, he believed in socializing investment which is basically debt-free money to the government.

well I obviously dont think all interest is usury or whatever

Basically fiscal policy but no national debt

all interest is wrong and anti-bible

but I think what hammer and sickle is saying is that ABCT doesnt describe the nature of modern business cycles which I agree with but thats because of the government/central planners/private banks or whatever we want to call them

'hammer and sickle'

My emoji isn't hammer and sickle but call me cash plz

hammer and hammer

Lel

i assumed it was meant to represent a hammer and sickle

Austrians got lucky and only described 1 RECESSION throughout history

and that was the early 20's one

ive also seen empirical evidence to suggest it accurately described the great depression

No

Usury and Worldwide Austerity caused TGDP

well that may have worsened it under FDRs years but lets not forget it originally started with hoover

It started it

FDR got us out of TGDP

and then did Austerity and got us back in

fucking dumbasssss...

idk if he got us out do you have any articles on that?

sure

not saying "umm provide a source" im just interested cause ive never head that

https://socialdemocracy21stcentury.blogspot.com/search?q=fdr+austerity

lol wut

Great article debunking Merchant Economics (Austrian) and Marxist economics

Yea

Did you not know that?

where?