Message from @Deleted User
Discord ID: 481612361145253898
What's wrong with Keynesianism?
They think you can plan an economy. It's essentially socialism wrapped in mathematics, to try and get what they want
Keynesian theory is valid and proven
though not *planning* the economy, it is more of "jumpstarting" it
Keynesians believe that the economy is demand driven, and that using government expenditure you increase said demand
Ehh....
> theory
> proven
bruh
I'm a fan of Austrian economics, tbh
Makes the most sense
I think a mix of keynes and Hayek would make the most sense
Internal free trade with government spending where it is nessesary
And some protectionist measures internationally
@Thomas the Sowell Train [USA] FDR's New Deal, though before Keynes published his *General Theory of Labour, Interest and Money* showed how important government intervention could be, in a time dominated by classical and austrian economics
the latter theories, being the reason the economy went bust
*The New Deal??*
Not to mention Germany's 2008 massive fiscal expansionist measures
Whenever Kenyesian economic policies fail, Kenyesian Economists just proclaim that's just the market
Keynesians policies fail because of ill planning and lack of foresight
FDR's socialist make-work program he instigated after he wrecked the economy, from his own policies?
Just like a *certain* other group
How did he wreck the economy?
By extending a depression
What are they teaching in schools these days
If he had been hands off, things wouldn't have been nearly as bad
on the contrary
Hoover did exactly that
And it only went to worse
This is why we can never escape the virus of socialism...
There is a point were letting the economy work itself out has no way of working, since that is how it got to that point
Instead of learning from mistakes, we just blame them on externalities
When the stock market crashed, Hoover's policy was of not doing anything, hoping the markets would work themselves out.... this only caused mayhem
@Fitzydog MUH PEAKS n TROUGHS
>hoover not doing anything
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It's almost like a stock market is unstable in a free market, non-interventionist environment
>Ignores article about FDR extending the depression
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