Message from @Muten
Discord ID: 599455078411272209
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.
well with fiat currency you can always afford anything the only limit is inflation
It was also supposed to be replaced, but instead those in charge of our institutions would rather continue digging our own grave
outsourcing is a huge probrlem
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
^ because we lost control of our system.
@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)
It's now international, and without constant support from our """"allies"""" America and the rest of the west would collapse
our economy wants off of keyne's wild ride
Part of that support is the migrant crisis, fyi
<:poggers:583775485620781087>
Im liking this new board loads
THIS IS SHIT I ACTUALLY LEARNED
very sturdy feeling
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.
@Comando yer making me feel smart for going to college now <:hypersmugon:544638648721604608>
HMMMMMMMMMMMMMM
H<:sarGOY:462286263622303754> <:sarGOY:462286263622303754> <:sarGOY:462286263622303754> <:sarGOY:462286263622303754> <:sarGOY:462286263622303754>
@Comando certainly no one behind that
Hi niggers
pre-keynesian (bourgeois) economists generally thought there couldn't be a general glut in aggregate demand
a belief based on very silly assumptions
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.
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.
^
Interesting, isn't it
i don't get it
Almost like we lost control of our entire system, in 1936
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.
but im taking economics in a month so ill find out then
When Keynesian Econ was in it's very beginning
yeah like borrowing from the future
or saving up rather
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
The problem being that there is no such thing as a Keynesian politician
it didn't break them
"Saving up" by alliance with childfuckers, and taking their criminals as asylum seekers
stagflation broke them