donkalypse

3 ms·

1. 1.▲
   by donkalypse 10y ago

   Agile fiscal and monetary policy? Seems dangerous.
2. 2.▲
   by donkalypse 10y ago

   Politically, the article attacks conservatism and libertarianism which discourage a strong government role in regulating the economy. Within the context of economics, this is referred to "liberalism." Neoliberalism (the subject
3. 3.▲
   by donkalypse 10y ago

   Theoretically, free markets do work best. But practically, they do not exist other than in nature itself. Free markets are, like nature, void of positive feedback loops. Free markets dispose of irrational actors. Free markets trend towards
4. 4.▲
   by donkalypse 10y ago

   I agree that everyone in power today is Keynesian. I also agree that "Keynesian" is not what Keynes wrote. Long term, we may be worse off. But short term, Keynesian macro economic policy works. Collectively, society is too stupid
5. 5.▲
   by donkalypse 10y ago

   What an incredibly frustrating read. The author quoting Andrew Sayer pretty much sums up their understanding of economics: "Interest is ... unearned income that accrues without any effort." Interest is an assessment of risk. Our s