The Keynesian Nightmare Continues...

#251
#251
utgibbs said:
70,000 years ago people were making their own jewelry and painting pictures on cave walls.

Seems like they had a surplus....

Just sayin'.

PS - if you are making 400K less than the CEO of GM (a failed company) you are still in the top 0.1% of the earners in the US.

Just sayin' that ain't poverty.

I'm not sure if it can get any more ridiculous than: people aren't poor now because they have access to cable and cell phones (except they don't, actually).

Would you like to reconsider your understanding of poverty?
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for the 3rd time. by what metric is it pervasive?

and you can't seriously compare making something with your own hands for free to affording to buy premium television services can you?

people aren't poorer now because they can afford more things than they could ever before. far less people are starving to death. how is this so hard to understand? or have you not noticed that incomes have grown in america in the past 40 years net inflation?
 
#252
#252
utgibbs said:
70,000 years ago people were making their own jewelry and painting pictures on cave walls.

Seems like they had a surplus....
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they also weren't looking for government to step in and normalize consumption between them and the Cro-Magnons living in the 'hood.
 
#253
#253
droski said:
for the 3rd time. by what metric is it pervasive?

and you can't seriously compare making something with your own hands for free to affording to buy premium television services can you?

people aren't poorer now because they can afford more things than they could ever before. far less people are starving to death. how is this so hard to understand? or have you not noticed that incomes have grown in america in the past 40 years net inflation?
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Real wages have grown tremendously in America. There is no debate about it. Access to goods has changed dramatically in America.

Those decrying the plight of our poor by pretending that said plight is BECAUSE OF the wealth of others is thinly veiling a desire for some redistro. It has been proven a failure this, and last, century, but some people are convinced that the psychological problems inherent in socialism don't actually exist.

Americans arguing that wealthy people are the problem simply don't want to acknowledge the disaster that our welfare state has produced. The simple solution from that crowd has always been more money, when in practice, additional funds have only served to increase the rolls. One would assume that this would get through, but when your knee jerk response is the emotional whininess for the poor who are obviously poor through no fault of their own, you have no prayer of ever actually providing those folks with a long term fix. It's the fish vs. fishing pole analogy.
 
#257
#257
utgibbs said:
I thought it was TV full stop.

It's too bad they're in the mountains. Takes a lot longer to boil pasta.
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Duh, satelite dishes!

Yes but yak butter churns faster, it all balances out, unlike the US economy which is out of balance and in such bad shape due to uncontroled keneysian economic policy exercised by a totally unresponsive government run by a bunch of Ivy League theortitians with no practical real world business experience that we wouldn't even be admitted the socialist European Union today if we tried to join unless we adopted stringent austerity measures for several years.


utgibbs said:
70,000 years ago people were making their own jewelry and painting pictures on cave walls.

Seems like they had a surplus....
Click to expand...

Because they had a zero tax rate and telikeneysian economics hadn't been invented yet.

Oh for the good old days when a rock was worth a rock instead of a hand full of gravel.
 
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#258
#258
BigPapaVol said:
Keynes's nephew, who's posting in here now apparently, has little other choice but to argue about the misfortune of those who have just been screwed by the world.
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Lol.

You can find it all in a Howard Zinn revisionist history book.
 
#259
#259
Strange thing is as I Google for info on what is being argued I oddly find the same almost word for word arguments out there on the web in other forums. And I know I come and go but it seems like the Defenders of Keynes types all come and go as well but with different screen names...the same person? Or just birds of a feather?
 
#260
#260
CSpindizzy said:
Strange thing is as I Google for info on what is being argued I oddly find the same almost word for word arguments out there on the web in other forums. And I know I come and go but it seems like the Defenders of Keynes types all come and go as well but with different screen names...the same person? Or just birds of a feather?
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I am sure there are multiple Keynes types. And I find that most of these sort of exchanges all end up the same. I dunno.
 
#261
#261
CSpindizzy said:
Strange thing is as I Google for info on what is being argued I oddly find the same almost word for word arguments out there on the web in other forums. And I know I come and go but it seems like the Defenders of Keynes types all come and go as well but with different screen names...the same person? Or just birds of a feather?
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Like what? And who?
 
#262
#262
gsvol said:
Duh, satelite dishes!

Yes but yak butter churns faster, it all balances out, unlike the US economy which is out of balance and in such bad shape due to uncontroled keneysian economic policy exercised by a totally unresponsive government run by a bunch of Ivy League theortitians with no practical real world business experience that we wouldn't even be admitted the socialist European Union today if we tried to join unless we adopted stringent austerity measures for several years.

Because they had a zero tax rate and telikeneysian economics hadn't been invented yet.

Oh for the good old days when a rock was worth a rock instead of a hand full of gravel.
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Are you saying poverty is relative?

You might be on to something there.

Again, Bhutan might be really happy, but it would take too long to cook pasta....
 
#265
#265
utgibbs said:
Like what? And who?
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we've had several Keynesian sycophants troll on these forums in recent months. The increase coincided with the election of Obama. Most likely they're coming here from left-wing sites like thinkprogress and mediamatters.

Hopefully, they'll go away soon.
 
#266
#266
CSpindizzy said:
Strange thing is as I Google for info on what is being argued I oddly find the same almost word for word arguments out there on the web in other forums. And I know I come and go but it seems like the Defenders of Keynes types all come and go as well but with different screen names...the same person? Or just birds of a feather?
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No.

Definitely not the same person.
 
#267
#267
bam15 said:
No.

Definitely not the same person.
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I'll grant you that I agree. You're ideological and bent on some governmental to solutions to the world's problems, but you had at least a basic understanding of the economics you were discussing. JMKeynes Jr, here knows very little of it.
 
#268
#268
BigPapaVol said:
Real wages have grown tremendously in America. There is no debate about it. Access to goods has changed dramatically in America.
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Yes, they grew during the Keynesian age.

They have been stagnant in the Age of Friedman.

(See other post).

PS - I'm not Keynes' nephew.
 
#270
#270
utgibbs said:
Yes, they grew during the Keynesian age.

They have been stagnant in the Age of Friedman.

(See other post).

PS - I'm not Keynes' nephew.
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Have you ever walked down the path of economic expansion and growth in great / dominant economies? What are the actual levers and growth drivers? How does that work? I'll assure you that it isn't some silliness about full employment.
 
#271
#271
CSpindizzy said:
Strange thing is as I Google for info on what is being argued I oddly find the same almost word for word arguments out there on the web in other forums. And I know I come and go but it seems like the Defenders of Keynes types all come and go as well but with different screen names...the same person? Or just birds of a feather?
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Birds of a feather??

Little parrots, few of whom speak Urdu!



utgibbs said:
Are you saying poverty is relative?

You might be on to something there.

Again, Bhutan might be really happy, but it would take too long to cook pasta....
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Of course poverty is relative, who would say otherwise?

In a country with a high Gross National Happiness index it matters not if it takes all day to boil pasta, there is no hurry, besides how can one really be happy with their pasta without a dollup of yak butter???




utgibbs said:
To which Zinn book do you refer?
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Any the stupid commie ever wrote!



utgibbs said:
Yes, they grew during the Keynesian age.

They have been stagnant in the Age of Friedman.

(See other post).

PS - I'm not Keynes' nephew.
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Zinn's favorite son??

China did immeasurably better following Friedman, so did India, the US on the other hand is rapidly going bankrupt doing the opposite.

In 2009 American government spending had the greatest percentage spike in our history, even more than any year during the FDR era, which saw our economy dry up and almost blow away, ending in the only possible exit stategy, war.

Some learn from history, others try to rewrite it to suit their own flawed political philosophy.
 
#272
#272
gsvol said:
Little parrots, few of whom speak Urdu!

Of course poverty is relative, who would say otherwise? Great. This answer should sort out droski.

There is no hurry, besides how can one really be happy with their pasta without a dollup of yak butter???

Got to get me some yak butter. You say it takes less effort to churn? Comparitive advantage!

Any the stupid commie ever wrote!

Isn't A People's History the biggest selling history book of all time? Very uncommie of the late Prof Zinn!


China did immeasurably better following Friedman, so did India, the US on the other hand is rapidly going bankrupt doing the opposite. But China didn't follow Friedman policy. On his visit, he wanted more, more, more. Fortunately for the Chinese, Deng didn't listen.

In 2009 American government spending had the greatest percentage spike in our history, even more than any year during the FDR era, which saw our economy dry up and almost blow away, ending in the only possible exit stategy, war. Oh, I know. Ironic isn't it! Makes Keynesian look positively frugal!

Some learn from history, others try to rewrite it to suit their own flawed political philosophy. Don't I know it!
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Got to try some yak butter!
 
#273
#273
BigPapaVol said:
Have you ever walked down the path of economic expansion and growth in great / dominant economies? What are the actual levers and growth drivers? How does that work? I'll assure you that it isn't some silliness about full employment.
Click to expand...

And yet all the data suggests it was during those policies of full employment that more wealth was generated.
 
#274
#274
utgibbs said:
And yet all the data suggests it was during those policies of full employment that more wealth was generated.
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really? What was the level of G? How did it actually happen? It wasn't Keynesian policy. We had an enormous expansion driven by many things, but it wasn't driven by a big G.

As to your unemployment gibberish, all it stands to do is overprice labor, which just happened to drive your chart, just as it did in Europe. However, since all those systems of overblown labor pricing and government intervention at the bottom end up in a massive inflation hole, the system blows itself up and the fed has to step in, tighten the screws and induce damn near the same that just happened with wholesale real estate devaluation. Funny how that real estate bubble started.
 
#275
#275
if it was Keynesian economics that drove the economy of the US through the roof after WWII, why wasn't the economy booming before WWII? Between Hoover and FDR, a Keynesian would be having daily orgasms over make work programs, annual tax increases, and rubbish like Smoot-Hawley.
 
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