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File: 132 KB, 1280x720, Friedrich Hayek.jpg [View same] [iqdb] [saucenao] [google]
14216006 No.14216006 [Reply] [Original]

The greatest philosopher of the 20th century

>> No.14216008

>>14216006
trannypol absolutely seething

>> No.14216009

>>14216006
ok boomer

>> No.14216016

Economists are philosophers to you now.
Get out

>> No.14216017
File: 317 KB, 1920x1152, keynes.jpg [View same] [iqdb] [saucenao] [google]
14216017

This man is spinning in his grave. Do not disrespect Keynes; he saved America and Europe.

>> No.14216021

>>14216017
>he saved America and Europe.
If by saved you mean fucked in the ass beyond repair, then I agree.

>> No.14216038
File: 16 KB, 620x581, 1574015174160.png [View same] [iqdb] [saucenao] [google]
14216038

>>14216021
Free market fanatics, like you, say that Keynes is a Communist who DESTROYED America. But you don't realize that without Keynes' policy recommendations, capitalism would have failed and Communist parties would have been voted into power. Keynes saved capitalism from itself.

>> No.14216074

>>14216038
So Keynes is responsible for this neoliberal mess we're in, yeah?

>> No.14216099

Wittgenstein, Camus, Heidegger, Foucault

>> No.14216110

>>14216099
>Camus
How is he a philosopher?

>> No.14216113

>>14216074
Neoliberalism started in the 70's—with the rejection of Keynesianism.

>> No.14216115

>>14216006
More like Friedrich Hack

>> No.14216126

>>14216074
Indirectly. If the depression continued, with the help of neoclassical liberalism, we would have seen an increase of political polarization, fascism and Marxists-Leninism and the like, flourish. Followed by the complete abandonment of capitalist practices. Statism would have continued for a time, but by now I think we’d have a thawing out of differences and a collapse of state centralized capitalism, or “mixed economies”

>> No.14216140
File: 29 KB, 240x240, 240x240_bio_friedman[1].jpg [View same] [iqdb] [saucenao] [google]
14216140

>>14216017
but Friedman is cuter

>> No.14216148
File: 230 KB, 881x615, Hayek.jpg [View same] [iqdb] [saucenao] [google]
14216148

What the fuck was his problem?

>> No.14216149

>>14216038
>but you don't realize that without Keynes' policy recommendations, capitalism would have failed
Keynes' policies help to create a bigger bust, your thesis couldn't be more wrong.

>> No.14216156

>>14216149
>spend in times of need
>save in times of plenty
No. It wasn’t his policy.

But capitalism has always been unstable and will always crash.

>> No.14216165

>>14216140
He was a really ugly Jew later in life, though

>> No.14216191

>>14216156
>but capitalism has always been unstable and will always crash
Yeah, like the long and lasting 1920-1921 economical crysis. For exemple, it was by no means because of the New Deal that the 1929 crysis lasted so long.

>> No.14216200

>>14216126

The Great Depression continued for 7 years after FDR took office, what makes you think FDR's policies should get credit for bringing it to an end? One could easily argue that the Great depression was prolonged by FDR because the increased taxation used to pay for the New Deal pulled money out of investment an redirected it towards inefficient and politicized government projects.

>> No.14216204
File: 12 KB, 480x360, hqdefault[1].jpg [View same] [iqdb] [saucenao] [google]
14216204

>>14216165
he was also a manlet but i still find myself nodding my stupid head when i hear/read shit he says
>b-but four chins told me "when will they learn"

>> No.14216236

>>14216191
The 29 crash went on spiraling out of control in Hoovers hands till 33.
The one year Roosevelt tried to balance the budget the economy sank again.
In a crisis, you spend. A lot. When it passes, you pay it off. Duh.

>>14216200
Because he didn’t spend enough. Note we got out of it by that huge government jobs program the US armed services.
It was only prolonged by NOT DEFICIENT SPENDING ENOUGH
>but govt projects bad
The private sector wasn’t hiring!!!

>> No.14216324

the abandonment of full employment as the primary aim of economic policy has been the greatest political tragedy of the past 45 years

>> No.14216368

>>14216236

>Because he didn’t spend enough.

So you admit the New Deal failed?

> Note we got out of it by that huge government jobs program the US armed services.

Sure, sending a large amount of workers overseas will open up jobs for other workers. The workers at home are creating products that largely do not create wealth in wartime and are useless in peacetime. Wars can increase GDP and lower unemployment.. in a way that is totally unsustainable and ultimately destructive. So the kind of spending you're advocating for is either ineffective( New Deal) or unsustainable( WW2).

>> No.14216773

>>14216148
INTP. Many such cases

>> No.14216782

>>14216156
capitalism can't crash. it is cyclical, like the laws of nature. central planners and central banks cause crashes when they are arrogant enough to try and tame its force by flooding fake money into the system

>> No.14216785

>>14216110
Myth of Sisyphus

>> No.14217627
File: 3 KB, 298x324, 3.png [View same] [iqdb] [saucenao] [google]
14217627

>>14216200
Yes the New Deal was very fiscally timid, World War 2 was when the pedal hit the gas and the depression ended and was followed by general prosperity.

>>14216368
>Wars can increase GDP and lower unemployment.. in a way that is totally unsustainable and ultimately destructive.
Literally any spending will increase GDP. You got to define "sustainable" though. Obviously the massive amount of R&D spending caused by modern warfare can be commercialized and there's little "unsustainable" aspects besides political resistance.

>>14216782
>capitalism can't crash. it is cyclical,
Say's law implies no cycles should exist.

>> No.14217659

>>14216785
He wrote one philosophical parable full of platitudes and for some reason w/e I mention philosophy to anglos he is the one they think of.