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I take it that you don't believe in Keynesian theory, which is fine for me, but if you want to persuade people that you can disprove one of the most influential
by yongjik 8y ago
I take it that you don't believe in Keynesian theory, which is fine for me, but if you want to persuade people that you can disprove one of the most influential economic theories, then you might need a better argument than the tired old "What if somebody put a gun to your head?" story.
- SilasX 8y agoIf "believing in Keynesian theory" requires you to believe that economic prosperity is something different from satisfying human desires and we should optimize for the former anyway, then no one should "believe in" it. Do you want policies that satisfy human desires, or do you want to goose an arbitrary metric?
- fjsolwmv 8y agoThe foundation of keynsianism is the fact that an idle worker's lost productivity is waste, and putting that worker to work generates something of value. Obviously doing useless work is useless, but making a market so that the worker can be connected with a consumer is a net win. Fiscal keynsianism, aka printing money and handing it out, creates that market by giving consumers buying power to buy things they want, motivating the worker to do work creating value instead of sitting idle wasting their labor. It's a catalyst to activate the real economy.