/sci/ - Science & Math

>>9798567
keynes btfo

>>6952845
Keynesians can't even do basic math.

>>6952390
>but that is true for every country directly hit by the crisis.
No it's not. Almost every nation bailed out their banks and/or pumped massive amounts of fiat currency into their economies.
You're a liar.

>>6952399
>When did he bring up Keynes, or any of the ideas of Keynesianism?
The entire world runs off of keynesian theories, of course he and his establishment cunts defend it. He's anti sound money so he's extremely likely to be influenced by keynes in some way.

How unbelievably fucking stupid are you? Just swallow cyanide.

>>6592923
>Correlation not equaling causation is pretty basic critical thinking, Anon.
>CORELDRAWCASHUN DUN NOT EQUAL CAUSATION

I can taste the Euphoria from here.

The causation is beyond fucking clear.
In fact the same DAY American Samoa raised their minimum wage a large portion of the people on the island LOST THEIR JOBS.
The same fucking day.

>but also with lower unemployment in the long-term.
Unemployment is sky high in america and europe.

There are countless countries around the world with no minimum wage whatsoever and a much lower unemployment rate.

>it also puts more money into the hands of the people most likely to spend it
No it doesn't, it takes money AWAY from them. If they don't have a job in the first place there is no money to be spent.

>This drives up aggregate demand, which eventually results in more jobs created than lost.
Holy fuck, not this debunked keynesian bullshit again. Pic related.

You people are seriously this fucking stupid you don't understand basic economics.
You're worse than creationists who spew their ignorant bullshit.

>>6587875
>Boom and bust cycles happen anyway
Um, no they are the result of monetary expansion which distorts the structure of production.

>Economic contractions are inevitable.
>MUH ANIMAL SPIRITS

Is there anything wrong with this math?

If no why is this this the basis of the world economic system?