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It could be stable in the US. The basic idea behind Keynesian economics is: during contractions, decrease taxes and increase spending; during expansions, incre

It could be stable in the US. The basic idea behind Keynesian economics is: during contractions, decrease taxes and increase spending; during expansions, increase taxes and decrease spending. Doing this helps smooth out business cycles, promotes steady growth, and collects revenue for the government. The problem is, as we've seen, our government is cutting taxes and raising spending no matter where we are in the business cycle. That's a very easy problem to solve, if there is the political will, but right now, there isn't.

aynyc 1y ago
You'll have to pardon my French /s. Economic model only works in theory.
- SantalBlush 1y ago
  This offers nothing insightful or useful, and doesn't even address a fundamental problem. It's the sort of thing someone says when they don't understand a topic well enough to weigh in, but they still feel impelled to weigh in.
  - Ylpertnodi 1y ago
    Are there any economic models that actually work (or have been allowed to work), not just in theory.
  - aynyc 1y ago
    That's the issue with your post because you don't even understand the issue isn't an economical but a social. Again, don't pretend you know what you are talking about because of tiktok.
- stevenwoo 1y ago
  Tangentially related, read the books by the winners of most recent Nobel Prize in Economics, The Narrow Corridor and Why Nations Fail, and both filled to brim with essentially anecdotal examples with post hoc theories to argue with pop economics/historians like Germs Gun Steel author and others convincingly but essentially no actionable items to suggest changes for better outcomes except generalities. Piketty's Capital Ideology is similar in content but in conclusion he makes note of changes that would improve things, very hard changes to make but notes these systemic changes are needed to fix things with a democracy.

aynyc 1y ago

You'll have to pardon my French /s. Economic model only works in theory.

SantalBlush 1y ago
This offers nothing insightful or useful, and doesn't even address a fundamental problem. It's the sort of thing someone says when they don't understand a topic well enough to weigh in, but they still feel impelled to weigh in.
- Ylpertnodi 1y ago
  Are there any economic models that actually work (or have been allowed to work), not just in theory.
- aynyc 1y ago
  That's the issue with your post because you don't even understand the issue isn't an economical but a social. Again, don't pretend you know what you are talking about because of tiktok.
stevenwoo 1y ago
Tangentially related, read the books by the winners of most recent Nobel Prize in Economics, The Narrow Corridor and Why Nations Fail, and both filled to brim with essentially anecdotal examples with post hoc theories to argue with pop economics/historians like Germs Gun Steel author and others convincingly but essentially no actionable items to suggest changes for better outcomes except generalities. Piketty's Capital Ideology is similar in content but in conclusion he makes note of changes that would improve things, very hard changes to make but notes these systemic changes are needed to fix things with a democracy.