/biz/ - Business & Finance

>instill centralized economic planning and shift the burden of planning errors onto the public through inflation
is keynesian economics the greatest scam ever invented?

>Fuck you faggots, I'm rolling in my grave now

Why is Keynesianism the de-facto global economic policy over Austrian economics?

Why was Keynesianism chosen over Austrian economics?

>>29041056
>how do they deal with impermanent loss?
come on anon, you're making this look scripted

>>29008524
based

>>28979897
that was the last call for biz
t. keynesposter

>>28844280
>Poverty is not socialism. To be rich is glorious.
stay poor anglonigger

OOOOOOOOOOO

>>28243615
you're welcome

>>28210348
nice

>>28147416
the chink vs the jew

>>28113762
yes

Well

Which economic school is the best? People keep telling me Keynesianism is responsible for post-WW2 prosperity in USA.

Well?

>>19444253
>The bancor was a supranational currency that John Maynard Keynes and E. F. Schumacher[1] conceptualised in the years 1940–1942 and which the United Kingdom proposed to introduce after World War II. The name was inspired by the French banque or ('bank gold').[2] This newly created supranational currency would then be used in international trade as a unit of account within a multilateral clearing system—the International Clearing Union—which would also have to be founded.

go read a book or something

>Markets can remain irrational for longer than you can remain solvent

Keynes you son of a bitch

https://en.wikipedia.org/wiki/John_Maynard_Keynes

Keynes's influence started to wane in the 1970s, partly as a result of the stagflation that plagued the Anglo-American economies during that decade, and partly because of criticism of Keynesian policies by Milton Friedman and other monetarists,[8] who disputed the ability of government to favorably regulate the business cycle with fiscal policy.[9] However, the advent of the global financial crisis of 2007–2008 sparked a resurgence in Keynesian thought. Keynesian economics provided the theoretical underpinning for economic policies undertaken in response to the crisis by President Barack Obama of the United States, Prime Minister Gordon Brown of the United Kingdom, and other heads of governments.[10]

https://en.m.wikipedia.org/wiki/Bancor

coincidence?

"The bancor was a supranational currency that John Maynard Keynes and E. F. Schumacher[1] conceptualised in the years 1940–1942 and which the United Kingdom proposed to introduce after World War II. The name was inspired by the French banque or ('bank gold').[2] This newly created supranational currency would then be used in international trade as a unit of account within a multilateral clearing system—the International Clearing Union—which would also have to be founded." - https://en.wikipedia.org/wiki/Bancor

I know BILU is regarded as a meme but let's be honest with ourselves here...

Bancor is literally unstoppable.

Keynes was a fucking genius man. There are some open ended questions on my end about the way debt works in his system. Like, if savings have to equal investments, does that mean that the amount of debt contracted for new investments is always going to be more than the last year because of the gap in savings? For instance, savings consists of investing and paying off debt, and is that not his definition? Is that included in his definition of net income? Then why isn't it anywhere in his equation for net income?

So a couple questions for those who have read Keynes.

A high liquidity preference relates to a decreasing slope of the interest rate increase or an increasing negative slope of the decreasing interest rate right?

And the second thing... Keynes fundamentally views 'saving' and 'investment' as fundamentally different things. To the point where the excess of urge towards saving over investment is one of the two main causes of aggregate demand being so much lower than aggregate supply. How can this be if the amount saved and invested must be equal, which is how the interest rate is determined?

>expanding the supply of the monetary unit necessarily increases prices cæteris paribus

Lel. Try again Austrians