Why was Keynes so fucking based? He blew the fuck out of Hayek
>>69899678
>implying
>>69899678
That faggot is the sole reason why king nigger printed way to much money to inflate the economy. Give it time it's going to bite us in the ass.
>>69899678
>inb4 bunch of assblasted libertarians knock down leftist strawmen
Liberals turned Keynes into a meme, but the man's original work was essentially correct.
>>69899678
He was OG /polgb/
>>69899959
I kinda agree with you. Keynes theories worked, in moderation.
While most libertarians believe there are better ways, anyone who said Keynes was an idiot...is an idiot. Keynes never expected liberals to go this far though. He even mentioned it before he died.
Nice try Obama
>>69900092
>in moderation
The key to everything
>>69899678
nice b8 m8
>>69899678
What Keynes showed is that if you try to have your cake and eat it to you get a theory that is unworkable.
>>69899678
>>69899678
wew lads
>>69899678
inb4 a bunch of libertardians incorrectly describe Keynesianism as the position that things should be destroyed in order that their reconstruction can stimulate the economy.
>>69900899
>seizing property is not breaking windows
nice try faggot
>>69899678
Proudhon>Gesell>Keynes are all in the same intellectual tradition
>>69899959
i agree with this
>>69900899
>I read a summary of Keynes. Look how smart I am and how dumb everyone else is!
Thanks for letting us know.
>>69901071
>Proudhon
>can't win an argument
>starts shitposting and make the discussion unbarable
>get insulted when Bastiat replies
>starts crying and insulting(more shitposting)
>>69901071
Gesell is the most underrated economist in modern history
Only third position revisionists pay much attention to him these days, sadly
>>69899678
http://www.spectator.co.uk/2016/01/the-one-thing-most-people-think-they-know-about-economics-is-wrong/
>>69901071
>19th century anarcho-communists.
>same tradition as Keynes
Wew that's a new one.
>>69901312
Proudhon, Bakunin, and Kropotkin are memes that the average person knows little about, so Internet socialists relish in invoking their names. Socialism has always thrived on confusion through obscurity. They're all pretty uninteresting after one research project.
>>69901379
How well known is he in Argentina ? i know he has a coastal town named after him
Economy isn't difficult. If demand drops, you go into recession and deal with it. That's the whole secret.
>>69902154
I just started property is theft by Prudhon and I mean fuck the guy is pretentious.
In the first few pages all he talks about is how fucking edgy the claim "property is theft" is.
It's almost like reading comedy or something
Was Hitler a proto-Keynesian?
>>69902788
proudhon is literally shitposting: the origins
>>69902892
fucking reddit the origin
>>69902788
He also said property is liberty lad, you'd have to read more to understand him outside memes
>>69902812
No, Hitler planned to make his household feasible with conquest of whole Europe. Unlike Keynes, he actually had a solution.
wasn't he really into eugenics?
>/pol/ is now against Austrian economics
What the fuck have you stormfags done to this place
>>69903063
he is always cited by fat sjw on reddit after have read a summary on wikipedia. antifa tier.
>>69902189
not well known. but I follow a small political group which pays a lot of attention to Gesell
>>69902812
>LTV
>public works to reactivate the economy (Autobahn)
>state intervention to protect national industry (Volkswagen)
sounds pretty keynesian to me?
>>69899908
>It's coming!
- Libertarians since 1971
>>69903510
Fucking retard, this is what keynesians in Greece told us in the 90s. Now look where we are.
It's not a matter of if, it's a matter of when. Your debt is at 100% of your GDP. Obama added 10 trillion to the debt. You have to be mentally retarded to not realize that something is going to happen.
It's actually sad to see how retarded libertarians are and to see them still existing. They're like the kid with downs syndrome that is kept in a cage in the basement. You would think that such stupidity would've been abandoned after the depression and bretton woods failures. Ron Paul and Rand and co. Should hang themselves
>>69903136
>He also said property is liberty lad, you'd have to read more to understand him outside memes
Oh I am going through the whole thing don't get me wrong.
My point is that the first few pages is all about how edgy he is. And that fucking full faggotery
What books should one read in order to get an understanding of the various economic schools of thought?/
>>69904236
start with the greeks
>>69899678
Keynes is the academic underpinnings of the IMF and their global strategy of QE.
QE has shown itself useless since 2013.
Keynesians are currently backtracking to try and explain it away.
new movements in economics are coming up.
>>69899959
his work was valid, in his own time, in moderate countries. That's not his fault, that's to his credit.
They have needed to be re-worked twice in order to try and make sense of today's markets, which are a different beast than yesteryear.
>>69899678
RRRRREEEEEEEEEEEEEEEEE
NO NO NO
>>69904236
Aristotle
>>69904236
Keynes and hayek
>>69899678
>mfw the historical school
Keep fighting fucking plebs
>>69903914
>conceited liberal leaf gets off in his pants over his nonarguement
Colour me surprised.
>>69904798
>Keynes is the academic underpinnings of the IMF and their global strategy of QE.
From what I understood Keynes' idea of the IMF as a sort of international co-op was completely ignored and the real life IMF was molded after the usurous international banking system
>>69905404
that's my understanding too, but even if he theoretically wouldn't approve of the IMF, his ideas and its successors have pushed for quantitative easing, which is effectively running china and other emerging credit markets
>>69903510
It's been happening. It will happen harder the more time passes.
>>69899959
It was correct for the situation that existed in Britain after World War I. Since then it has not been correct, but misapplied in every instance.
'The only thing I blame Keynes for is that in order to make his theory more attractive and effective, he called it "The General Theory". In fact he knew precisely that it was not a general theory, that was an argument used to persuade government in the 1930s to do particular things.'
--F.A. Hayek
