tommie said:
Oldbear83 said:
Osodecentx said:
Oldbear83 said:
Osodecentx said:
quash said:
Debt without growth is unsustainable.
https://thehill.com/opinion/finance/468418-so-much-for-the-trump-economic-miracle
I can find nobody credible saying our fiscal course is sustainable. Why is our national debt growing a $1 billion a year if the economy is so good?
This is the best economy in years and that is a confirmation of Keynesian economic theory.
Keynes was wrong.
So are you.
Of course Keynes is wrong, yet you defend this fiscal course (which is Keynesian)
Where did Trump describe this action as Keynesian? Just because you put that label on it does not mean that is what happened.
That's exactly what this is. Government spending and lower taxes to stimulate the economy.
Where it is different is Keynes advocated this course during an economic downturn.
Tommie
I know we're wasting our time, but for the edification of those with some sense, I post the following:
What Is Keynesian Economics?
Keynesian economics is an
economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed by the British
economist John Maynard Keynes during the 1930s in an attempt to understand the
Great Depression.
Keynes advocated for increased government expenditures and lower taxes to stimulate demand and pull the global economy out of the depression.Subsequently, Keynesian economics was used to refer to the concept that optimal economic performance could be achievedand economic
slumpspreventedby influencing
aggregate demand through
activist stabilization and economic intervention policies by the government. Keynesian economics is considered a "demand-side" theory that focuses on changes in the economy over the short run.
KEY TAKEAWAYS
- Keynesian Economics focuses on using active government policy to manage aggregate demand in order to address or prevent economic recessions.
- Keynes developed his theories in response to the Great Depression, and was highly critical of classical economic arguments that natural economic forces and incentives would be sufficient to help the economy recover.
- Activist fiscal and monetary policy are the primary tools recommended by Keynesian economists to manage the economy and fight unemployment.