Yo Tilted

T

tommyjo

New Member
GURPS said:
Austrian School of Economics or Maynard Keynes ?


TJ got all pissy [is that redundant] here
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Tilted doesn't know the god d@mned C fund in the TSP is a S&P 500 proxy...WTF is he going to know about Keynes or AE?

Maybe you should start pontificating on the gold standard too??? Tell us all how that will save the world??? Throw in some wonderful idiotic commentary on the dangers of fiat money and how you just know the Federal Reserve and all the central banks are out to destroy the world!

Christ...is there a conspiracy theory or "Why I hate America" monologue that you haven't cut and pasted on this site???
 
mamatutu

mamatutu

mama to two
tommyjo said:
Tilted doesn't know the god d@mned C fund in the TSP is a S&P 500 proxy...WTF is he going to know about Keynes or AE?

Maybe you should start pontificating on the gold standard too??? Tell us all how that will save the world??? Throw in some wonderful idiotic commentary on the dangers of fiat money and how you just know the Federal Reserve and all the central banks are out to destroy the world!

Christ...is there a conspiracy theory or "Why I hate America" monologue that you haven't cut and pasted on this site???
Click to expand...

Now you've done it! Tilted is one of the most trusted and revered posters on this forum; there are a few others. You don't even come close. He can chew you up and spit you out any day of the week. He just chooses not to because he is a gentleman. Maybe, you can learn a lesson from that. Why do you hate America, and want to see her demise?
 
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GURPS

GURPS

INGSOC
PREMO Member
beyond yammering insults, you offer no counter argument, no web sites to read, no books .... nothing but YOUR OWN MORAL Superiority in your OWN Opinion
 
LibertyBeacon

LibertyBeacon

Unto dust we shall return
Keynes is awfully misunderstood.

Many today think he's the devil incarnate for coming up with this notion of government spending to save the macroeconomy (ostensibly to make us all slaves, etc.). If, however, you've read any of Keynes' books you'd understand his theories were tried simply because we were out of ideas. He didn't think any of this stuff would work, and it was just a last ditch effort. Furthermore, even he would admit that we we see today is not really Keynesian theory in action; it's become so bastardized from what he advanced, I'm not sure we can call it Keynesian theory any longer. For starters, he would have advocated saving money during expansionary times. We never did that. There are other modern diversions from traditional Keynesian theory. I'll leave it up to the reader to continue down that path.

I lean heavily Austrian School, for one main reason: human beings are rational actors and will act in their own best interest, the invisible hand of government notwithstanding.
 
GURPS

GURPS

INGSOC
PREMO Member
LibertyBeacon said:
Keynes is awfully misunderstood.
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Thank you for that reasonable post :cheers:

all I am looking for is discussion ...
... I am not shocked to hear Keynes has been bastardized

and that is one of my complaint with progressives and borrowing[maybe statist would be better]
they never want to stop borrowing money to spend on 'Give Away' programs
- in flush times spend more, nothing gets paid off
-in lean times - we need these 'shovel ready programs'


spend, spend, spend .....


von Mises book Socialism: An Economic and Sociological Analysis is interesting, and I am not out of the forward yet.
 
LibertyBeacon

LibertyBeacon

Unto dust we shall return
GURPS said:
Thank you for that reasonable post :cheers:

all I am looking for is discussion ...
... I am not shocked to hear Keynes has been bastardized

and that is one of my complaint with progressives and borrowing[maybe statist would be better]
Click to expand...

I don't think the penchant for borrowing has much to do with political ideology. Just look at the last 50 years or so.

I'm sure the mere mention of gold will throw tommy into a headspin, but the for all the press gold gets, the one aspect that many miss is that by definition, a gold standard prevents deficit government spending. So we cannot have a reasonable discussion about where we are fiscally without talking about the gold standard. There's an article that Alan Greenspan had published in Ayn Rand's Objectivist Papers back in the day that talks about this. Should be easy to google up. I don't really want to walk around with gold nuggets in my pocket to pay for coffee, but we need to understand the journey.

The reason that Keynesian spending worked back then is because the economy wasn't so globalized. So when the WPA was building bridges or whatever, the workers were in a town for an extended period of time. They would spend their money there on weekends, etc., and the money stayed local for the most part and the residents saw prosperity, to a certain extent, thanks to government spending. With globalization today, that model doesn't really work any more.

Also, I think the Austrians have the business cycle figured and understood like no one else.
 
LibertyBeacon

LibertyBeacon

Unto dust we shall return
You will never see a politician who embraces the Austrian School get very far at the national level.

Of course there's Ron Paul, which is the first name everyone will want to mention in response. But I always viewed him as controlled opposition more than anything else. I think the two party tyranny (which includes a supplicant media) allowed Paul to be painted as a laughable Mike Judge-created caricature of what small and limited government is supposed to be. And a hungry populace bought it hook, line, and sinker because don't you dare go messing with my Two Party Tyranny!
 
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