Message from @Muten

Discord ID: 599455078411272209


2019-07-13 04:17:06 UTC  

Okay, well how about this. We have more debt than we can ever pay back, and spend more and more each year. The socialists and kikes want more spending, because that means they can further disperse owenership of production and jobs outside the country. Outsourcing is a huge part of Keynesian economics.

2019-07-13 04:17:10 UTC  

well with fiat currency you can always afford anything the only limit is inflation

2019-07-13 04:17:40 UTC  

It was also supposed to be replaced, but instead those in charge of our institutions would rather continue digging our own grave

2019-07-13 04:17:47 UTC  

outsourcing is a huge probrlem

2019-07-13 04:17:59 UTC  

the public debt only really matters because it is required (legally) that the deficit be financed through bonds when this doesn't have to be the case

2019-07-13 04:18:19 UTC  

^ because we lost control of our system.

2019-07-13 04:18:43 UTC  

@Muten
P = Price level (inflation)
Y = Real income(quantity of stuff produced)
AD = Aggregate demand (Aggregate meaning total)
LRAS = Long Run Aggregate Supply (the total capacity of the economy)

2019-07-13 04:18:59 UTC  

It's now international, and without constant support from our """"allies"""" America and the rest of the west would collapse

2019-07-13 04:19:25 UTC  

our economy wants off of keyne's wild ride

2019-07-13 04:19:33 UTC  

Part of that support is the migrant crisis, fyi

2019-07-13 04:19:36 UTC  

<:poggers:583775485620781087>

2019-07-13 04:19:39 UTC  

Im liking this new board loads

2019-07-13 04:19:42 UTC  

THIS IS SHIT I ACTUALLY LEARNED

2019-07-13 04:19:44 UTC  

very sturdy feeling

2019-07-13 04:19:58 UTC  

One of the key differences between economics prior to Kenyes was that the economy would always rebound. For S O M E R E A S O N it didn't.

2019-07-13 04:20:00 UTC  

@Comando yer making me feel smart for going to college now <:hypersmugon:544638648721604608>

2019-07-13 04:20:07 UTC  

HMMMMMMMMMMMMMM

2019-07-13 04:20:21 UTC  

H<:sarGOY:462286263622303754> <:sarGOY:462286263622303754> <:sarGOY:462286263622303754> <:sarGOY:462286263622303754> <:sarGOY:462286263622303754>

2019-07-13 04:20:22 UTC  

@Comando certainly no one behind that

2019-07-13 04:20:23 UTC  

Hi niggers

2019-07-13 04:20:28 UTC  

(((some reason)))

2019-07-13 04:20:54 UTC  

pre-keynesian (bourgeois) economists generally thought there couldn't be a general glut in aggregate demand

2019-07-13 04:20:57 UTC  

https://cdn.discordapp.com/attachments/598761542200197120/599455195843526678/image0.jpg

2019-07-13 04:20:59 UTC  

a belief based on very silly assumptions

2019-07-13 04:21:29 UTC  

Keynes in contrast identified that something had changed. He conceptulized that there was a force which unlike before, was cutting into the effective demand (aggregate demand) of the economy.

2019-07-13 04:21:54 UTC  

So whilst the country had the factories, and the people willing to work them, the money that existed was not being applied to the economy.

2019-07-13 04:22:09 UTC  

^

2019-07-13 04:22:21 UTC  

Interesting, isn't it

2019-07-13 04:22:33 UTC  

i don't get it

2019-07-13 04:22:40 UTC  

Almost like we lost control of our entire system, in 1936

2019-07-13 04:22:43 UTC  

Keynes solution? Use Government spending to increase aggregate demand to get out of the rut, then scale back involvement, during the good times so you can do it again later.

2019-07-13 04:22:47 UTC  

but im taking economics in a month so ill find out then

2019-07-13 04:22:59 UTC  

When Keynesian Econ was in it's very beginning

2019-07-13 04:23:00 UTC  

yeah like borrowing from the future

2019-07-13 04:23:11 UTC  

or saving up rather

2019-07-13 04:23:27 UTC  

Keynesism worked really well... until it didn't, and broke western economies in the late 1960's and 70's in the form of inflation

2019-07-13 04:23:44 UTC  

The problem being that there is no such thing as a Keynesian politician

2019-07-13 04:23:48 UTC  

it didn't break them

2019-07-13 04:23:53 UTC  

"Saving up" by alliance with childfuckers, and taking their criminals as asylum seekers

2019-07-13 04:23:59 UTC  

stagflation broke them