Juliar betrays australia, destroys our economic future (4 Viewers)

funkshen

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Keynesianism could only work if economic policymaking was not political.
 

funkshen

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balderdash
I said could, not would, bro.

Although it's arguably a truism. The same would go for all economic intervention. Incentive problems are endemic to government (a la public choice - lobbying, porkbarreling, time horizon etc).
 
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Keynesianism could only work if economic policymaking was not political.
That's right. That's why keynes wrote in his german translation of his general theory that his economic policies would work well in dictatorial germany.


"the theory of aggregated production, which is the point of the following book, nevertheless can be much easier adapted to the conditions of a totalitarian state [eines totalen Staates] than the theory of production and distribution of a given production put forth under conditions of free competition and a large degree of laissez-faire."
 

funkshen

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That's right. That's why keynes wrote in his german translation of his general theory that his economic policies would work well in dictatorial germany.
Third Reich economic policy was pretty damn Keynesian.
 

Lentern

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great lets halve the taxes then
You don't even know what your arguing. You went in with this lazy idea that you could just attack perceived flaws in social democracy and that would somehow justify calling it communism, that as exposed for the fallacious, lazy argument that it was and now your just spinning like a top, not going anywhere.
 

funkshen

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there is no such thing as private property in a democracy

all democracies are communistic
 
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Before you call anything anything, you should define what you mean by communism/socialism/democracy etc. That is where you are going wrong.
 

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