/biz/ - Business & Finance

>>10762736
Why don't you just read Keynes?

>>10762747
Modern Keynsians didn't so why should I

>>10762736
>Keynes
He literally said himself that his methods are focused on the short term and not the long term. It's a retarded school that should only ever be employed as a last resort.

>>10762736
Keynesianism is not economics

>>10762754
sooooo like with the US economy rn?

>>10762751
Then fuck off. I'm not gonna bother arguing with pseudointellectuals online. Read Keynes first, then we can talk. I don't teach for free.

>That Austrian schooled crypto boomer
>He thinks Stellar or some piece of shit like sky coin has value backed by something

"If government refrains from regulation(taxation) the worthlessness of the money will become apparent and the fraud can no longer be concealed." - sir John Maynard Keynes (Economic consequences of Peace)


He's literally openly saying the con his economic system is. What is there to defend? And he was anti gold standard naturally.


And his quote makes sense because you NEVER see govt politicians cut ANY spending. It's not because they don't want to necessarily but they can't.... or the system and their gravy train explodes since the whole system is predicated on more debt

>>10762768
t. never read a book.

STOP.


we know you didn't read

Hard money always beats easy money.

>>10762736
commie here

>>10762770
Yes. The problem with the current state of first world democracy is that each president/priminister is only given a short term to exercise their power.
Which means that they tend to think in short term instead of long term economic policies instead of long term. This is why so many first world countries still use "modern" keyniasm even though there is literally no need for it anymore.
It's gunna fuck us in the end. Would be willing to bet money that within the next 10-50 years we will have a collapse far worse than the great depression.

>>10762754
>Nixon: We'll “temporarily” suspend the convertibility of the dollar into gold

>>10762776

>>10762790
I've read 100 times more about economics than you. And yes macroeconomics is just political theory and a pseudoscience do your research idiot.

https://www.quora.com/Is-Macroeconomics-a-pseudoscience

All that matters is having a gold standard so the Jew doesn't confiscate all our wealth through inflation.

Keynes was anti gold standard so he is a con

>>10762789
So why do people like Krugman insist so heavily on pushing this economic model? Are they just partisan hacks?

>>10762930


your answer is an appeal to authority of a bunch of pajeets posting on quora? lol

>>10762965
Anyone with half a brain understands that only microeconomics is a science, but why do I even bother arguing in this ignorant cesspool..

kenyan here AMA

>>10762962
Obviously. Look what that faggot said about the internet (freedom) and look what he says about crypto (freedom)

He is the fucking devil

>>10762736
Fuck off dumb faggot.

>>10763639
I never said I was a Keynesian, I said I want to hear arguments from that side. I don't like Bernie either. I guess challenging your own ideas is stupid though.

So with all the burgers I’ve been eating lately (gladly of course) I decided today to try an old favorite, the McDonalds Big Mac. I’ll admit, this used to be my favorite meal on earth, but since it’s been years since I’ve eaten anything at McDonalds that wasn’t on their Value Menu, I was really looking forward to having a Big Mac.

As always, the service was fast, the burger was delivered and the fries were crispy for the first 10 minutes. Overall the Big Mac is still one of my favorite “Fast Food Burgers” because of the secret sauce and because it’s so different. We all know that the you don’t eat a Big Mac for the meat and after eating a lot of really good, meaty burgers over the last few months, it was the sauce that helped me enjoy this meal.

My Big Mac rating is simple: the secret sauce is tangy, sweet and makes for a nice burger. It’s one of my favorite fast food burgers but only because of the unique and secret sauce.

I'm a keynesian, i love stagnating economies

>>10762736
https://www.youtube.com/watch?v=y8l47ilD0II

you'll have a hard time finding real keynesians here. they always get dumpstered and leave threads after their 'but we NEED debt to continue growth' nonsense gets annihilated.

I'm a Keynesian. The biggest misconception in economics is the idea that the currency in the economic system ought to be a store of value. This isn't how currency ought to be treated. Currency is the oil that keeps the economic machine in motion. The store of value are the machines which produce, (machines basically meaning valuable assets which are not the currency).
As an economy grows, it requires more currency in order to stay well-oiled and function well. There is a balance though, as too much oil (currency) will cause the machine to malfunction, but too little oil will also cause the machine to malfunction. As the economy grows, more currency needs to be injected into the economy. A good measure of how much currency should be in the economy is the debt to gdp ratio. So long as the debt to gdp ratio is approximately 1:1, the economy will be healthy.

>>10762736
What do you want to know? If it's where bed and boy is cheapest, it's Tunis in North Africa

>>10762736
When not kiddy-fiddling, Keynes' next biggest hard-on was taking away your vote as well as your money

What's there to discuss? The fed prints more money. The fed loans money at ridiculously low % to banks. The banks make easy money. The fed makes up excuses like "weaker dollar is good for imports/exports"(even if it is, it comes from the expense of something else) or "if money wasn't inflationary then nobody would spend their money". Then lets not forget the 10 year cycles of crashes which is all because there is cheap money injected into stock markets and what not. Literally the biggest scam in the world.

Basically it's a huge ponzi scheme making sure the government(worldwide surveillance system, military, trillions missing from pentagon books) can spend unlimited amounts of money, the banks get bigger, (((elite))) make easy money on economic cycles etc etc.

>>10762736
gib
milkies

*makes money*

>>10762736
“The government should pay people to dig holes in the ground and then fill them up.”

“By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.”

Listen op. The lid has been blown off of your schemes. Time to start living as a human being.

The problem with Keynesianism is it underpins the entire modern State. Want more votes? Take the money from people's savings. Want more still? Take it from the future. Economy now booms and busts? Use that to justify taking even more! The poison is itself the cure.

If crypto actually took off, there'd be an awfully large number of parasites to deal with - but they'd only need dealing with once.

>>10762930
>look these pajeets agree with me hurrrrrrrrr

>>10764298
why does it need to be debt? why cant this oil not be loaned but created through wages or other means

>>10764298
Nice analogy. Where did the numbers for that 1:1 ratio come from and whats the definition of a "healthy" or "unhealthy" economy?

>>10764784
The idea is that debt serves as a marker for investment in the future (better infrastructure, better educated healthier workforce, etc.). It's not a problem if the investments pay off.

Keynesian statist rats die