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/biz/ - Business & Finance

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29263296 No.29263296 [Reply] [Original]

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

>> No.29263385

>>29263296
Austrian school of thought wants their gold monies to go up so they encourage reckless policy.

>> No.29263403

because of the great depression

>> No.29263499

because it advocates big government and enriches thoughs in the politically influential class
/thread

>> No.29263523

Why did Keynes buy Newton's alchemical works?

>> No.29263610

I dont know what Keynesianism means desu

>> No.29263666

>>29263610
go talk about crypto pls

>> No.29263712

Because bobos are the rulling class. They want to see everyone to fail in order to succeed.

>> No.29263721

this doesnt have anything to do with crypto, what is this? i cant understand this shit

>> No.29263908

>>29263296
Because Austrian economics is boring as fuck bro. Those guys do not know how to party, they always talking about shit's gonna fail oh lol next depression is right around the corner!
Fuck that bro nobody wants to hear that shit. PRINT UP SOME FUCKIN MONEY BRO LET'S BUY OUT THE BAR!
Fuck yeah bro fuck those dumb ass Australians and their dumb ass austerity. Make it rain up in this bitch!

>> No.29264531

>>29263296
It legitimates big government

>> No.29264660

>>29263721
Of course it does. Bitcoin has a monetary policy doesn't it?

>> No.29264703

>>29263296
Because Austrian economics doesn’t use math.

>> No.29264750

>>29264660
you're going to have to use words that sound more like crypto-ey

>> No.29264812

Isn't Austrian economics just measure in bars of gold and silver?

>> No.29264823

>>29263296
It's in the interests of big banks and governments, who decide which school of thought reigns supreme simply because that's where the funding and all the money in general comes from.... Banks create money from nothing and loan it out at interest, governments steal it and preside over their subjects like they are tax cattle. Of course a school of thought that facilitates parasitism would be selected by both interests which align with one another. Yes politics can corrupt whole disciplines.

>> No.29264825
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29264825

>>29263296
>Why do governments support an economic policy that promotes government growth over one that opposes it?

>> No.29264837

Because people care about the here and now and not the future

>> No.29264899

Keynesianism supports the status quo and the economic status quo lobbies the hardest to support Keynesianism.

>> No.29264949

desu desu desu desu desu desu desu desu desu

>> No.29264972

>>29263296
because consoom, companies need to sell more shit

>> No.29264982

>>29264823
This by the way is one of the reasons why bitcoin was invented, because the idea of petitioning government to adopt sound money policies is laughably naive given democracy is not really "rule by the people" or some such vague nonsense that people are left believing from public school teachings. If it were possible to implement sound (hard) money policies democratically there would be no need for bitcoin.

>> No.29264998

There is nothing wrong with Keynesian as long as the government isn't corrupt... yeah

>> No.29265142
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29265142

desu