Wow, it takes talent to be able to unintentionally repeat yourself in the first 7 words. Congrats! :thumbsup:
Ecomomics Smackdown! Krugman has been called out!
- Thread starter lukep
- Start date
The London School of Economics has a debate between a pair of Hayekians vs. a pair of Keynesians if you're interested, watched it myself just the other day:
[ame=http://www.youtube.com/watch?v=PLBOKq4On7k]Keynes v Hayek - YouTube[/ame]
Unfortunately the recording only has the left sound channel, but an effective workaround is to load the stream in VLC and change the sound setting to mono.
[ame=http://www.youtube.com/watch?v=PLBOKq4On7k]Keynes v Hayek - YouTube[/ame]
Unfortunately the recording only has the left sound channel, but an effective workaround is to load the stream in VLC and change the sound setting to mono.
Bump... Just ran across this awesome vid showing the holes in Keynesian economics:
[ame=http://www.youtube.com/watch?v=kukKpqd_B2c]Keynesian Theory in 5 min - YouTube[/ame]
You don't need to listen to it, just watch... Really puts things into perspective for noobs and is pretty funny for the rest of us.
[ame=http://www.youtube.com/watch?v=kukKpqd_B2c]Keynesian Theory in 5 min - YouTube[/ame]
You don't need to listen to it, just watch... Really puts things into perspective for noobs and is pretty funny for the rest of us.
This one is also very good:
[ame=http://www.youtube.com/watch?v=Hjm26fTH9K0]The Federal Reserve in 5 min - YouTube[/ame]
[ame=http://www.youtube.com/watch?v=Hjm26fTH9K0]The Federal Reserve in 5 min - YouTube[/ame]
Stocks will keep going up, QE to infinity. We can debate the merits of more spending versus austerity, but it's pretty obvious which side has had the underhand over the past half century. Easy money rules the day, but no hyperinflation as so many pundits such as mark Faber, Peter Schiff, and Nicholas Taleb wrongly predicted would happen in 2008/2009. Google stock will keep going up. Paul Krugman is right about the debt not being inflationary, but overstates the virtues of Keynesian economics. The monetarists seem to be the only ones whose policy as per empirical evidence as being a success. The other sites are just assumptions about how Keynesian economics should create more jobs or how printing money should create inflation.
Anyone that can speak these words in any possible context is automatically demoted to the lowest circle of brainwashed sheeple in my book.
Please go die in a fire.
Jarred - that track is all manner of
Then you'll like the original:
[ame=http://www.youtube.com/watch?v=d0nERTFo-Sk]"Fear the Boom and Bust" a Hayek vs. Keynes Rap Anthem - YouTube[/ame]
And here's some more from them:
[ame=http://www.youtube.com/watch?v=7uKnd6IEiO0]Deck the Halls with Macro Follies - YouTube[/ame]
[ame=http://www.youtube.com/watch?v=oWItkj0X_wo]Hayek's Gift - YouTube[/ame]
I dunno. The video promotes the fallacy that economic growth is objective and measurable.
Keynesian policies don't actually boost the economy.
The recovery is not the re-inflation of a boom, recovery is the bust.
Think about it like alcoholism. If you got drunk again, would that be a recovery? No, sobering up would be a recovery.
Most people are economically ignorant.
It maddens me when people misrepresent ideas (see 90% of libertarian postings on the internet) even when it is done in earnest.