The Keynesian Nightmare Continues...

#78
#78
utgibbs said:
When did Keynesian not become a market system?????
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It is not a "free market" system.

Failures: Chile, Argentian, Brazil, Bolivia, Poland, Russia, Iraq. You could lump the Asian Tigers in their as well. In fact, the only two who didn't suffer under the 1997 shock were the ones who had rejected all the capital flight rules / lifting of tariffs: China and Malaysia.
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You are going to have to flesh this out a bit more. What time periods are you talking about for each? Be more specific.

China was under a centrally planned socialist model... key words: centrally planned... until the 90's. As late as the 90's... they could barely feed their own people. It has been the move toward a more free market/capitalistic economy that has made them the #2 economy in the world. As we move in the wrong direction... they will soon over take us by moving in the right direction.
 
#84
#84
rman2158l.jpg
 
#86
#86
OrangeEmpire said:
Why not, gibbs equals gov't circle jerk party........
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perhaps it's because utgibbs resembles the troll kicker33/cashvallin' so much that Bam15 doesn't want to get his hopes up that there is another, legitimate apologist for Keynesian theory on these boards.
 
#87
#87
utgibbs said:
The Keynesian Nightmare? You mean the 30 years of unparalleled growth and prosperity following WWII? That Keynesian nightmare?
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The period before the bill came due? I know you are young, impressionable, and under the influence of historical revisionists in academia... but have you ever heard of "stagflation"? How about the recession under the VERY Keynesian President named Nixon? You do realize that Nixon's recession only recovered briefly before Carter's began and we learned the term only possible under a Keynes policies: stagflation. You do realize that the country only really began to recover when Reagan's supply side and deregulation policies began to have an effect, right?

You do know that there was a significant recession around 1960, right? You do know that the supply side policy of JFK to lower taxes vs the Keynesian ideas of Nixon brought the country out, right?

Tell us again how FDR's Keynesian policies ended the Great Depression... instead of how there was no end in sight until WWII began. Remember, Keynesians, socialists, or some other central economic planners were in control of pretty much every developed industrial economy in the world by 1929 and throughout the Depression.

I know that it probably felt good when you typed it... but it is simply revisionist. The Reagan revolution and the period following it far, far outstripped the period you mention. It isn't even close.
 
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#89
#89
MG1968 said:
perhaps it's because utgibbs resembles the troll kicker33/cashvallin' so much that Bam15 doesn't want to get his hopes up that there is another, legitimate apologist for Keynesian theory on these boards.
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I thought the same thing, but did kicker/cash frequent the main board much?
 
#90
#90
perhaps he came here as a Fulmer apologist first to establish his bonafides before trolling the rest of the boards
 
#92
#92
MG1968 said:
perhaps he came here as a Fulmer apologist first to establish his bonafides before trolling the rest of the boards
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Actually being a Keyesian economist would explain how he thought Fulmer still had it if you reallythink about it.
 
#94
#94
emainvol said:
The word amen, especially in the context in which I used it, originated in Hebrew meaning "so be it."

The Egyptian god has a similar pronunciation, but is likely not related. I can't remember when this came up (I believe it was a philosophy class I took years ago) but it is a common mistake.

According to Wikipedia, there is a Sanskrit word "aum" that is also mistakenly thought to be a word of origin.

In other words, I didn't dig deeper because this is one of those strange, trivial things that I knew off the top of my head.
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Looks like you've thrown off a lot of trivial things that ultimately aren't so trivial.

'Amen' came into the the Hebrew language from their Egyptian days.

I'll bet you have watched dream works Madagascar a lot and think you are in the San Diego zoo!
 
#95
#95
gsvol said:
Looks like you've thrown off a lot of trivial things that ultimately aren't so trivial.

'Amen' came into the the Hebrew language from their Egyptian days.

I'll bet you have watched dream works Madagascar a lot and think you are in the San Diego zoo!
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I don't understand why you feel the need to be such a prick about this, especially considering that you are incorrect. Have fun with that.
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#96
#96
MG1968 said:
perhaps he came here as a Fulmer apologist first to establish his bonafides before trolling the rest of the boards
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Fulmer is from Winchester, he was not born into a diverse background, he is racist.

Cashvallin,
 
#97
#97
emainvol said:
I don't understand why you feel the need to be such a prick about this, especially considering that you are incorrect. Have fun with that.
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How am I being a prick? We can agree to disagree just like we do on Kenya. (even though I'm right and you're wrong. :)
 
#100
#100
sjt18 said:
It is not a "free market" system.

You are going to have to flesh this out a bit more. What time periods are you talking about for each? Be more specific.

China was under a centrally planned socialist model... key words: centrally planned... until the 90's. As late as the 90's... they could barely feed their own people. It has been the move toward a more free market/capitalistic economy that has made them the #2 economy in the world. As we move in the wrong direction... they will soon over take us by moving in the right direction.
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Keynesian is absolutely a market economic system.

China does not follow Friedman policy in any way, shape, or form. The economy is still centrally planned BUT replacing production quotas with market signals and information. The market can be very good at relaying information (and it can be utterly defeated as well, but, when working properly, this is its great strength).

There is no doubt China has adopted some of the neo-liberal agenda. However, it is more telling what is HAS NOT adopted that has made it the #2 economy in the world. It is interesting to reflect on why the Western World still refuses to adopt the full neo-liberal agenda itself, and why, those countries that did, have had such wrenching and bloody experiences, as they get back to Third Way, pragmatic policies.

There are many lessons to learn as we look at this End Game of Capitalism. We have this serious imbalance between the totalitarian visions of the Left and Right.

Third Way, baby. But we are inside a Crisis of Capitalism that requires retooling the whole game.

China was still feeding its own people even during the worst of Mao's experiments. In fact, it is only now that China has become a grain importer, I believe.
 
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