/biz/ - Business & Finance

[Anonymous No.55984939]

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

[Anonymous No.55984985]

It just assumes the government is not corrupt. It worked for china kind of. The best is to assume the government is corrupt though. Blockchain tech could alleviate that a bit. But it will probably never be used for that.
But then again not even then not even blockchain p2p networks desu This shit was a waste of time and money.

[Anonymous No.55985025]

Dawg the Keynesian era ended with the collapse of the gold standard. We are Chicagotards now

[Anonymous No.55985033]

>>55984939
ofc just take a look at argentine

[Anonymous No.55985044]

>>55985025
Redpill me on this.

[Anonymous No.55985045]

>>55984939
What should happen through Keynesian Economics
>Stimulate through government investment in building a library
>Building costs $1M to build; $50k/year to maintain
>Produces added value of knowledge to local community of $150k/year in perpetuity.
>Building gets paid off, further dividends of $100k/year go towards other projects.
>Rinse, Repeat to eventually grow a prosperous and educated society.

What ACTUALLY happens through Keynesian Economics
>Fat nigger gets welfare, section 8, food stamps
>Fat nigger makes 9 niglets with the help of the state through social programs
>Niglets grow up to have 9 niglets of their own, 81 niglets all on welfare
>81 mad niglets all killing productive white people who pay for their welfare
>81 mad niglets all smakin' their greasy chicken lusting lips repeating over and over again "WURLSTAR" as they destroy society.

Pretty sure Keynes didn't think about $16k spinners on $1000 crown vic's sold at government auction and 'gettin' his hair did' when he wrote this in 1933... really the folly of man. We could've had the stars.

[Anonymous No.55985066]

>>55985044
He’s not even giving red pills, he’s getting his shit all fucked up.

Chicago-era: 1970s-1990s
New Keynesian era: 1990s-2010s
Modern monetary theory: now.

As you can tell, it’s just hopping from one retarded economic theory to another more retarded theory.

[Anonymous No.55985102]

>>55985045
you couldn't have the stars. There's no money in the moon. If there's money in mars itd take like a million x more resources to get it back to earth. Although it could be for a gated community in the martian desert.

[Anonymous No.55985132]

>>55985044
So Keynesianism was chugging along just fine from the 40s to the 70s. Even Nixon, arch conservative, said "we are all keynesians now". The market crises were solved. But the undergirding structure of Keynesianism was inherently unsustainable - it took as a given the economic conditions of postwar America: namely that there was only one industrial power in the entire world. For decades America imported shit tons of gold, and exported goods at absurd prices.

Only it couldn't last. After the commodities boom (or "oil crisis" see: the history of OPEC) the free money spigot got turned off and stagflation was cemented. The only way out was to pull out the rug from American manufacturing. All of these things had to happen in unison, and they were done knowing full well that it would lead to an intractable crisis that would slowly and inexorably rot the west. But it would keep things going for a little while, so that was okay.

>opening up of China, lowering prices by making american workers compete against slave wages
>the Volcker shocks, the reversal of Keynesianism wherein capital-intensive industries get destroyed (like manufacturing), encouraging outsourcing
>deal with Saudi Arabia/OPEC ensuring demand for the dollar by enforcing the dollar as the only means to buy oil
>beefing up of the military to enforce the dollar as the sole mechanism of trade
>endless austerity because the unemployed masses are putting huge demands on social safety nets which no longer have a reason to exist as labor has been crushed by unemployment
>DEFICITS
Holy shit deficits. They are the key.
>dawg i already know about government deficits
Shut the fuck up.
(1/2)

[Anonymous No.55985138]

>>55985102
It's called a metaphor you fucking retard, this is what I mean by the lacking product our system produces.

[Anonymous No.55985179]

>>55985132
TRADE DEFICITS BITCH. See all that shit I wrote above? American manufacturing goes bye bye and the economy is driven by FINANCE and DOLLAR DEMAND?

What happens then is there are no dollars to buy goods. But also you can press a button that creates demand for dollars that don't exist.

What to do?

You just fucking PRINT MONEY. You can trade PAPER for SOCKS and GRILLS and CARS and shit.

But you're still printing money. You're still weakening your own supply, even though your economy RIDES on the fact that the dollar is worth a fuck. So not only is this causing an INEVITABLE decline of the chicago school, it ALSO creates a total schizophrenia in Chicagotards, who have to, despite the Chicago School BEING THE DOMINANT IDEOLOGY right up to fucking JPow, blame Keynesians (who are gone) or MMT (who are irrelevant) for THEIR OWN BULLSHIT.

>>55985066
Cope & seethe chicagotard, the sooner you recognize your own retarded ideology is at the heart of this rot the sooner we can avoid the cliff. Neomercantilism is the future, and Rothbard's stinking rotting corpse should be buried.

[Anonymous No.55985203]

>>55985179
>Rothbard
>Chicago
>Ishiggidiggy
You are quite literally retarded. Take your meds, you do not know shit about how actual economics work and your knowledge of economic history is even more laughable.