tag:blogger.com,1999:blog-8358039.post4183984523112214005..comments2024-03-25T15:17:04.488-07:00Comments on Captain Capitalism: Stupid Americans Not Playing Keynesian BallCaptain Capitalismhttp://www.blogger.com/profile/05620212946121617985noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-8358039.post-88564570619746869662015-02-18T15:01:33.639-08:002015-02-18T15:01:33.639-08:00All this also points to another problem with liber...All this also points to another problem with liberal economic "thought": mistaking activity for actual achievement. I knew we were in for long-term trouble when Obumbo announced in Dec 2009, after an economic summit, that he was unveiling the Cash For Caulkers Program (named after the highly counter-productive Cash For Clunkers boondoggle). Idea is that I caulk your house, and you caulk mine, and we both get rich in the process since we have economic activity. Yep, 'das 'da ticket.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-64190924766938802602015-02-18T14:35:07.332-08:002015-02-18T14:35:07.332-08:00This is one of the most cogent explanations of why...This is one of the most cogent explanations of why our economy continues to stubble along. Well written (meaning I am going to be sending excerpts to all of my liberal "friends").Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-66421702360842844282015-02-12T04:38:42.314-08:002015-02-12T04:38:42.314-08:00So households have on the net been paying off debt...So households have on the net been paying off debt corresponding to about 20% of GDP during a time when the government has increased its debt by about 35% of GDP. If anything, that'd validate the Keynesian concept of the Paradox of Thrift.<br /><br />This post just goes to show that of all economists who have ever lived, Keynes has by far had the most strawmen erected of him. Apologists of deficit budgets invoke Keynes as an intellectual pretext to waste money, and haters like the good Capn attack Keynes on that basis.<br /><br />Keynes never advocated indiscretely splashing cheap or borrowed money all over the economy. What he advocated was to get out of recession by targeted deficit spending on things with a high fiscal multiplier. If alive, he would have had a great deal to say about how Obama's stimulus was spent.<br /><br />Red Knightnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-14934522111988752852015-02-11T04:38:24.721-08:002015-02-11T04:38:24.721-08:00Many of us Boomers were also hit hard by the stock...Many of us Boomers were also hit hard by the stock market decline of 2007-2008 as well as losing equity in our homes. Couple that with ZIRP, which has made a safe 4% return just not available any more, and Boomers are cautious with their spending and with their investing.<br /><br />My father was a child of the depression, being born in 1922. As such he was always cautious in his spending and how he invested. I inherited that trait. So, it is pretty easy to pull back on the spending. If the Keynesians want to encourage the animal spirits, they would do well to increase interest rates.Rick Cairdhttps://www.blogger.com/profile/08245560010738892296noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-20029586236727535992015-02-10T11:54:44.822-08:002015-02-10T11:54:44.822-08:00The US economy is not stuck, but I agree that Keyn...The US economy is not stuck, but I agree that Keynesian is a failure, in agreement with the many republican economist predictions of its failure in 2008/09.grey enlightenmenthttp://greyenlightenment.comnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-50746806872727337322015-02-10T00:21:23.430-08:002015-02-10T00:21:23.430-08:00Dear Keynesians: The long run was not long enough ...Dear Keynesians: The long run was not long enough for you to be dead before Lord John's theories went to excrement. So sorry.Rich Fadernoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-52338120779793126162015-02-09T19:48:48.188-08:002015-02-09T19:48:48.188-08:00Keynes vs Hayek Round 2:
https://www.youtube.com/...Keynes vs Hayek Round 2:<br /><br />https://www.youtube.com/watch?v=GTQnarzmTOcSouthern Manhttps://www.blogger.com/profile/13915391021447107219noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-83967798423799637752015-02-09T19:42:03.174-08:002015-02-09T19:42:03.174-08:00Well, I learned something new today - the Keynes /...Well, I learned something new today - the Keynes / Hayek Rap Battle references "Animal Spirits" but I never knew what it meant.<br /><br />https://www.youtube.com/watch?v=d0nERTFo-SkSouthern Manhttps://www.blogger.com/profile/13915391021447107219noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-36604904287836712292015-02-09T18:35:11.394-08:002015-02-09T18:35:11.394-08:00The fact of the matter is, the Government takes to...The fact of the matter is, the Government takes too much for you to risk your income on something you stand to make pennies on the dollar, and lose dollars on the dollar, and only write off a small percentage of it. Ergo - you risk NOTHING - at least in the US. If you're smart you invest overseas and off-shore your business ASAP... Just Sayingnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-3222059064603895052015-02-09T18:03:45.242-08:002015-02-09T18:03:45.242-08:00But as long as other countries suck more than the ...But as long as other countries suck more than the U.S., will we be ok?Brianhttps://www.blogger.com/profile/10919981336468928396noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-59874740238501506652015-02-09T15:34:28.031-08:002015-02-09T15:34:28.031-08:00James Grant The Forgotten Depression. Read It.James Grant The Forgotten Depression. Read It.just some gutnoreply@blogger.com