The Keynesian Nightmare Continues...

#26
#26
MG1968 said:
jeez, gsvol, would you please take that somewhere else? like a PM or your own personal blog site?
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I repeat from my post:

BTW, that is what Kenesian economics is all about,
just on a much grander scale than one small country.

In other words you conquer a nation, not with military
tactics but with the pencil, deceipt and paper shuffling,
eventually the national debt becomes much more than
the nation can possibly pay, the solution then becomes
that the nation in question must follow the dictates of
those who hold the debt or face total economic colapse.
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I was only responding to the reply by IP about my comment that the Kenyan is quite steadfast in his efforts to use the Kenesian wrecking ball to destroy the American economy, culture and heritage.

Who put the burr under your saddle today??
 
#27
#27
tigervol9802 said:
I've longed hoped for a gsvol vs. MikeHamiltonFan showdown on the boards somewhere. We'd all be winners...well, except Freak and the servers.
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Freak and his servers can handle it, I'm pretty sure.

I don't have a very high regard for Mike Hamilton at all except for the hiring of Dooley and I think that was just dumb blind luck, nobody can be wrong 100% of the time.
 
#28
#28
gsvol said:
I repeat from my post:



I was only responding to the reply by IP about my comment that the Kenyan is quite steadfast in his efforts to use the Kenesian wrecking ball to destroy the American economy, culture and heritage.

Who put the burr under your saddle today??
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the fact that you have a nasty habit of ruining threads with asinine posts that are probably cribbed directly from one of Alex Jones' websites.

get your own damn blog and post all you want there, and if you want to respond to IP, how about using either a PM or a few words followed by a simple link.
 
#29
#29
droski said:
is there anyone who actually reads those 2 page posts filled with stupid cartoons?
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NOBODY likes a whiner.

98954.strip.sunday.gif
 
#30
#30
MG1968 said:
the fact that you have a nasty habit of ruining threads with asinine posts that are probably cribbed directly from one of Alex Jones' websites.

get your own damn blog and post all you want there, and if you want to respond to IP, how about using either a PM or a few words followed by a simple link.
Click to expand...

Why don't you talk with IP about YOUR problem??

If Muammar Qadaffi can refer to Obama
as 'the Kenyan' so can I.

So what do you think is the solution to bring about
the end of the Kenesian nightmare???

I thought 'the federal reserve transparency act of 2009'
would have been a good start.

Armed with more knowledge people can make better,
more informed decisions when it comes to political
and economic decisions or anything else for that matter.

If you don't remember that bill, it had a majority of
congressional house members to sign on as co-sponsors,
which should have insured it'st passage, but was buried
and killed in committee in September of last year and
we have heard nothing else about it.

Thoughts??

(Other than complaints, I'm not the complaint
department.)

BTW, who is Alex Jones??
 
#31
#31
gsvol said:
Why don't you talk with IP about YOUR problem??

what problem is that?

If Muammar Qadaffi can refer to Obama
as 'the Kenyan' so can I.

of course you can, but do you have to include a 10 thousand word treatise? Everybody who can read knows where you stand, why keep repeating yourself in 100 different ways in 100 different threads?

So what do you think is the solution to bring about
the end of the Kenesian nightmare???

It's "Keynesian". John Maynard Keynes was an economist who believed that government spending could grow the economy. My thread has NOTHING TO DO WITH KENYA

BTW, who is Alex Jones??

Jones is a conspiracy theorist who believes 9-11 was an inside job and that Obama is a Manchurian candidate.
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see bold
 
#32
#32
MG1968 said:
see bold
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So you don't want to talk Kenesian economics anymore?


what problem is that?
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I wouldn't know that, I would surmise you think this
is your private chat room.


of course you can, but do you have to include a 10 thousand word treatise? Everybody who can read knows where you stand, why keep repeating yourself in 100 different ways in 100 different threads?
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Why not??


It's "Keynesian". John Maynard Keynes was an economist who believed that government spending could grow the economy. My thread has NOTHING TO DO WITH KENYA
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And I agreed the Kenyan Kenesian and his dhimmicrat
party enablers are like a bull in a China shop when it
comes to the American economy.

Let me know when you recover your sense of humor.

Jones is a conspiracy theorist who believes 9-11 was an inside job and that Obama is a Manchurian candidate.
Click to expand...

Never heard of the guy.

Do you think Obama is on the up and up and in his
incompetent way just a bungling fool as Carter is
generally considered or do you think he has some
sort of hidden agenda??
 
#35
#35
MG1968 said:
I'll talk Keynesian economics if you have the courtesy to take your Kenya drivel to your own blog site.
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Keynesian economics works for the likes of George
Soros, the London School of Economics and the
Fabian Society and their assorted fellow elites in
the financial world but is terrible for 99% of the
citizens of the country under attack.

If we don't bring the present trend to a schreeching
halt soon then look for the dollar to be devalued.



obamaspoliticalscienceb.jpg


BTW, Obama's father wasn't a poor goat herder in
Kenya, he was employed by the Kenyan Central Bank,
we call the US central bank the Federal Reserve even
though it isn't federal and has zilch to do with reserves
and promotes Keneysian economics in America to the hilt.

Furthermore it can move funds from New York to
Peking, loan the money to the Chinese who then
use the money to buy US Treasury notes without
the least bit of scrutiny from the American people
or even the American government and after the
latest financial reform act can scrutinize every last
dime you earn or spend if that money passes through
any bank or financial trading market of any kind.
 
#36
#36
The problem with Keynesian economics is that it only works in textbooks and models. In the real world, gov't's never cut spending in good times... or any time for that matter. If it worked like the textbooks say then gov't's would run surpluses during good times by reduced spending, right? The political reality is that it never happens.

Another fundamental failure of the Keynesian model is that it acts like leprosy in an economy. One of the worst things about leprosy is the loss of feeling in the skin. A leper will cut themselves and get infection while experiencing no pain. K.E. does the same thing by allowing those making bad or risky economic decisions to avoid the pain of failure. The pain is spread out in such a way that the system is no longer self correcting.

Moreover, it is very, very inefficient in practice. Centralized decisions are by their very nature either a misfit for most local applications or else too broad and undefined to do any good at all. The most effective companies in the world today are the ones that push decisions to the lowest practical level. The decisions will be made faster and by people with intimate understanding of the problem. K.E. does just the opposite. Decisions are slow and made by bureaucrats who generallly have insufficient knowledge to make a good decision.

Bottom line: It simply does not work. The illusion that it has at any point over the last 80 years was manufactured with public debt. Now that debt problem is no longer deniable.... and the Keynesians are assuring us it is because gov't has not spent enough, expanded scope enough, or run up enough public debt.
 
#40
#40
sjt18 said:
The problem with Keynesian economics is that it only works in textbooks and models. In the real world, gov't's never cut spending in good times... or any time for that matter. If it worked like the textbooks say then gov't's would run surpluses during good times by reduced spending, right? The political reality is that it never happens.

Another fundamental failure of the Keynesian model is that it acts like leprosy in an economy. One of the worst things about leprosy is the loss of feeling in the skin. A leper will cut themselves and get infection while experiencing no pain. K.E. does the same thing by allowing those making bad or risky economic decisions to avoid the pain of failure. The pain is spread out in such a way that the system is no longer self correcting.

Moreover, it is very, very inefficient in practice. Centralized decisions are by their very nature either a misfit for most local applications or else too broad and undefined to do any good at all. The most effective companies in the world today are the ones that push decisions to the lowest practical level. The decisions will be made faster and by people with intimate understanding of the problem. K.E. does just the opposite. Decisions are slow and made by bureaucrats who generallly have insufficient knowledge to make a good decision.

Bottom line: It simply does not work. The illusion that it has at any point over the last 80 years was manufactured with public debt. Now that debt problem is no longer deniable.... and the Keynesians are assuring us it is because gov't has not spent enough, expanded scope enough, or run up enough public debt.
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You might also compare it to cancer as well.

It eats away at the vital organs until the host dies.

Look at the twentieth century, those presidents who
did the opposite had thriving economies, Coolidge,
Truman, Eisenhower, Kennedy and Reagan for instance.

Those who adopted Keneysian economies had declining
economies and unfortuantely you might say their policies
led to war, Wilson, F. Roosevelt, Johnson, Carter and we
shall see what Obama's policy shall bring about.

So far, it has led to declining economy, offshoring of
manufacturing and high unemployment and the accumulation
of debt that we can't pay and even our grandchildren
will be unable to pay, rendering them slaves to those
who own the debt.
 
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#41
#41
I'm old enough to remember the left decrying how America exported poverty... They seem fairly satisfied that it is now jobs and wealth production we've exported. Another perverse twist of the knife when gov't becomes a player in the domestic market outcome rather than a protector of the field of play.
 
#42
#42
Oh boy. I better not venture over here.

The Keynesian Nightmare? You mean the 30 years of unparalleled growth and prosperity following WWII? That Keynesian nightmare?

Do you really need to be filled in on world events since the Volcker Shock? Do you not know that infrastructure is one of the very few ways to manage the Capital Accumulation Crisis without creating more CDOs and other three letter fictions?
 
#43
#43
sjt18 said:
I'm old enough to remember the left decrying how America exported poverty... They seem fairly satisfied that it is now jobs and wealth production we've exported. Another perverse twist of the knife when gov't becomes a player in the domestic market outcome rather than a protector of the field of play.
Click to expand...

oh my god. I cannot come over here. At least on the football board the only mouth-breathing is the wildly misinformed and irrational Fulmer hatred.

Gah! I've only looked at two posts, and I feel like Crompton in vapor lock!
 
#44
#44
utgibbs said:
oh my god. I cannot come over here. At least on the football board the only mouth-breathing is the wildly misinformed and irrational Fulmer hatred.

Gah! I've only looked at two posts, and I feel like Crompton in vapor lock!
Click to expand...

don't let the door hit you on the way out.
 
#45
#45
utgibbs said:
Oh boy. I better not venture over here.

The Keynesian Nightmare? You mean the 30 years of unparalleled growth and prosperity following WWII? That Keynesian nightmare?

Do you really need to be filled in on world events since the Volcker Shock? Do you not know that infrastructure is one of the very few ways to manage the Capital Accumulation Crisis without creating more CDOs and other three letter fictions?
Click to expand...

good grief. You're better serve to stick with Fulmer and SAT score matching.
 
#46
#46
utgibbs said:
oh my god. I cannot come over here. At least on the football board the only mouth-breathing is the wildly misinformed and irrational Fulmer hatred.

Gah! I've only looked at two posts, and I feel like Crompton in vapor lock!
Click to expand...

Wow. What a cogent, informed, intelligent, well reasoned response...

:shakehead:
 
#47
#47
utgibbs said:
oh my god. I cannot come over here. At least on the football board the only mouth-breathing is the wildly misinformed and irrational Fulmer hatred.

Gah! I've only looked at two posts, and I feel like Crompton in vapor lock!
Click to expand...

we will be just fine if you confine your self to the Fulmer thread created just for you
 
#48
#48
BigPapaVol said:
good grief. You're better serve to stick with Fulmer and SAT score matching.
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It has taken all summer just to set the record straight on Fulmer.

I guess I've got to roll up my sleeves now....

You all realize you live in a mixed economy, right?

And you all realize that everywhere they have tried to implant Hayek and Friedman's "pure" vision it has failed, right?

And you realize that Hayek and Friedman might talk a good game of freedom (as did Rousseau, Helviticus, Saint-Simon, Hegel, etc) but it is totalitarian vision circumscribing freedom - not unlike the other totalitarian visions of both the Left and Right that have dominated our century?

Third Way, baby!
 
#49
#49
utgibbs said:
Oh boy. I better not venture over here.

The Keynesian Nightmare? You mean the 30 years of unparalleled growth and prosperity following WWII? That Keynesian nightmare?

Do you really need to be filled in on world events since the Volcker Shock? Do you not know that infrastructure is one of the very few ways to manage the Capital Accumulation Crisis without creating more CDOs and other three letter fictions?
Click to expand...

In the years leading up to the 1930's, the US had almost uninterrupted growth and prosperity compared to the rest of the world. Before 1920, total taxes were roughly 7% of GDP and in spite of having fought several wars within 60 years including the most bloody in US history... there was NO SUSTAINED PUBLIC DEBT.

Do you really want a detailed discussion of how we got to where we are from FDR til now precisely because Keynesian economics is an abject failure?

I'll just give you the bottom line for the moment and let you gnaw on it awhile... Our gov't created an illusion of "all is well" while taxing future Americans beyond their ability to pay. This isn't even partisan. The only President who was possibly not a Keynesian since about 1912 is Reagan. Some of the rest did some "un-Keynesian" things from time to time. None were genuine free marketeers.
 
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