What are your thoughts on Keynesian economics, Holla Forums? What about better alternatives?

And that makes you sheep.

Mugabenomics is what we need!

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Cheap, bastardized version of National Socialist economics.

The labor theory of value? Is that you, Marx? Value is derived by demand in relation to supply. Prices are effectively bids until the price that people are willing to pay is found. This is why farmers are able to sell a fruit crop at $3 per pound rather than $1.50 for the same crop when they're the only ones growing it that season.

Keynesian economics has consistently been spending before investing, base consumerism, currency devaluation, all too often led by meddling Jews. It's all about the now without planning for the future. Keynesianism is truly the nigger of economics.

Yeah, the save in high times spend in lean gets touted every fucking time as why it works, but his theoretical focus on goosing demand and promoting rank consumerism by a consumption based economy is what makes Keynesian economics shit.

It's supposed to be instituted in a depression, not for all eternity. It works in that scenario.

There are also other ways of doing things, Hitler proved that.

I have read everything i can get my hands on regarding NatSoc economics and dont really see how NatSoc economics is anything like keynesian economics. So what do you mean by National Socialist economics?

Sure, bankrupting Reich and going to war unprepared to paid off debts and stimulate market was great move.

heh

only one aspect of economy matters and its national currency, backed by labor and possibly supplemented by a precious resource

archive.org/details/GottfriedFederTheGermanStateOnANationalAndSocialistFoundation

SAGE AND REPORT FOR ZERO EFFORT.

I can't really say because Keynes "The General Theory of Employment, Interest, and Money"
is the most incomprehensible book I've ever tried to read. Headache inducing gibberish.
(((Ludwig Von Mises))) "Theory of Money and Credit" is clearely writen and insightful by comparison. (I am not and have never been a libertarian though some Austrian Economics works I find interesting).
Is Keynes "General Theory" unreadable because he never actually studied economics
at Cambridge or anywhere else?

lyl

He was a white man who was right about almost everything. Jews attack him for it and dumb good goyim repeat these Jewish fallacious non-arguments.

No, it's because you are a retard with poor comprehension.

Nice strawman. Go back to the 19th century Karl.

My opinion is that layman shouldn't form opinions on fields they know nothing about.

Keynes was Marshall's student, and Marshall is by far a much more respected economist than Von Mises ever was.

Stop lying using green text and pictures. Mises was not an anarchist.

"Government as such is not only not an evil, but the most necessary and beneficial institution, as without it no lasting social cooperation and no civilization would be possible."

Mises.

Daily reminder
that what is commonly called Keynesian economics is entirely at odds with the economics of Keynes and is just rebranded neoclassical economics, which is faulty and retarded.

Proper Keynesian economics is called Post-Keynesian economics.

Holla Forums knows fuck all about economics, and this thread proves it

Please enlighten us.

Even Keynes himself began to reject his own theories and economics later in life.

It's not hard to see why. The system just isn't sustainable.

keynes was a homosexual
everything a homo touches turns to shit
they spread degeneracy

Kill the jews take bak everything they stole.

Gold was used to settle international debts. It was the Bretton-Woods system. Wasn't a domestic gold standard. The term was, I think, gold settlement.

Different currencies were fixed and only deviated in value against one another through narrow bands of appreciation or depreciation.

It was not a domestic gold standard.

Keynes was a genius and a revolutionary thinker in economics. He was still too influenced by Neo-Classicals but he was moving in the right direction. I would read Goodwin, Minsky, and pic related. Keynes has become a bit of a meme.

The global economy is not "Keynesian", rather the orthodoxy is neo-classical. This Austrian myth that the big bad Keynesians have ignored Austrian economics is not true. The neo-classical orthodoxy has incorporated the non baby-market aspects of Friedman, Rothbard, etc

He wasn't an "economist", most of his work is his musings on society, law, and epistemology.

I reckon most of the people ITT haven't even read his General Theory.

you're either a brainlet, or you haven't read enough about economics to get it. It would be like reading Kant with no prior understanding of philosophy.

Video related. Keynesian economics in a nutshell.

(checked)

In principle it makes sense, but the problem is that it requires governments to save execess cash they collect in taxes/revenues to spend during downturns in the economy.

What actually happens is that government spends all excess cash flow when times are good, then spends more cash when times are shit.

So in reality it never works because human nature is corrupt as fuck. It also doesn't address the fundamental issues of the business cycle which are a direct result of fiat monetary policy that requires inflation.

It's shite, but still better than laizezz-faire "economics"

Austrian Economics obv. But everything is better than keynesian pants-on-head economics, even supply side economics. Wait, i just remembered that marxist economics exists. Well, apart from marxist economics there's nothing worse.

Oy vey Goyim muh Keynes is nuanced and sophisticated. I bet you wouldn't even understand great poets like (((Allen Ginsberg)))!

Don't get me wrong lolbergers are fools if they trust (((Milton Friedman))) and the gold standard but to act as if Keynesian policy is genius is to ignore reality.

LOL. He was a homosexual pederast, who translated his degenerate, high time preference lifestyle into economics.
"In the long run we're all dead, so let's fuck other men in the ass. Fuck future generations let's party" He was hedonist scum. Keynesianism is not even economics, it's voodoo pseudo-science and we're all living in the aftermath of 50 years of keynesian economic warfare.

(((Austrian))) economics is the best school

Yes it is. In fact, it is economics.
Everything else is court economics to justify and legitimize disastrous government programs after the fact.

is there some bot automatically putting the most shill-like post as a first response in every thread?
pleasebebotandnotanidiot

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Pretty good.

Nice to see government policy laid out so clearly.

Hayek stated that Keynes did not refer or think of himself as economist.
Keynes's policies were a mish mash of ideas that had no firm framework. His basic policy was "let me and other smart people like me, do whatever we want to solve this issue". But he proposed no concrete rules for others follow.
It's funny to read his views on the Treaty of Versailles and release how completely wrong he was. He thought the Germans would all starve to death and be incapable of recovery. And Germany would never be aggressive to the west again and would face east. Keep in mind, Hitler spent more on rearmament than Germany would have spent paying debts, even before the War started.
He was very charismatic and could be charming. He also had a way of using his extensive knowledge to make others feel small and stupid, so they would then think he was a genius who must be correct. His actual predictions were often wrong. His justifications are often logically inconsistent. He did come up with useful ideas for economics, but no solid framework to unite them.

It works great in centrally-planned economies right up to the point of catastrophic collapse.

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Nothing good comes from Kenya.

Economics as a whole are a pseudo-science.

Look into Post-Keynesianism if you want to find economists who actually follow Keynes.

Pretty much this. "Economics" is so far removed from anything resembling reality that you'd be better off using astrology to guide the economy.

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