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The Shocking Truth About How Barack Obama Was Able To Prop Up The U.S. Economy
The Shocking Truth About How Barack Obama Was Able To Prop Up The U.S. Economy
Barack Obama is one of the biggest “Keynesians” of all time, but unfortunately most Americans don’t even understand what that means. In this article, I am going to share with you the primary reason why Barack Obama has been able to prop up the U.S. economy over the past eight years. If Barack Obama had not taken the extreme measures that he did, we would be in the midst of a historic economic…
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New Post has been published on Bitcoin:Views
KEYNES <3 BITCOIN
28 October 2013 | By Nicolás Mendoza | letstalkbitcoin.com
The New Zealand Panel
It has always been surprising to me to read hateful comments or articles about Bitcoin that abound online. Although Bitcoin is far from flawless, the hate with which it is attacked by some is extreme and disconcerting. In some cases the hate is merely the condensation of jealousy for not entering the Bitcoin economy when bitcoins were cheaper, a feeling that only grows deeper as the price rises. However, the main source of Bitcoin hatred and polarization is not so much jealousy but ideology.
In general, one could say that it is about the conflict between Austrians and Keynesians, Libertarians and Liberals, Capitalism and Socialism, etc. Perhaps one could say that, but understanding the debate in such a simplistic Manichean way impoverishes the conversation, leading inevitably to sterile name-calling. The image below serves as a metaphor of the whole situation: it shows a panel of New Zealand ‘experts’ that hit the news earlier this year. They decided to call Bitcoin “libertarian, individualistic, sinister!”. The screenshot, however, shows the video framed in a YouTube page calling them “socialist, propaganda!” (with the unstated implication that ‘socialist’ is an insult).
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As long as companies know that the demand created by government stimulus spending is temporary, they will be loath to base long-term investment and hiring plans on a source of demand that is supposed to go away soon. Keynesians overlook the fact that they are counting on firms to make long-term decisions based on a short-term policy. Apparently, Keynesians believe they are smarter than the average person. They think that a government stimulus program can trick everybody (or most people) into thinking the economy is better and to resume pre-recession spending patterns. Yet experience teaches us that people are smarter than the government and we are not likely to be fooled by a government program that specifically announces to us what its purpose is.
Jeffrey Dorfman, "Earth to Keynesians, Government Spending Isn't Demand."
http://www.realclearmarkets.com/articles/2013/07/15/earth_to_keynesians_government_spending_isnt_demand_100472.html
"It shows you that all the talk of recovery is just empty air, whether you're in Europe, Japan or the US. That is, again, if we can agree that a recovery cannot be purchased. i.e. that you cannot solve a debt problem with more debt.
As reasonable as this may sound, it's not something everyone will easily agree to; there's a whole camp around Paul Krugman that would disagree. What they don't understand is that no amount of stimulus can lead to a real recovery if the initial debt levels are too high, because you would need to achieve absolutely miraculous growth levels just to avoid being overrun by interest payments. Such growth levels are nowhere in sight."
from: theautomaticearth
Childless Keynesians And The Future They Made http://blog.jamesbondvillains.com/index.php?/2013/05/05/childless-keynesians-and-the-future-they-made/ Childless Keynesians And The Future They Made On the bright side, crushing existential uncertainty and inevitable doom reminds us that if we can just make sure the world doesn't end tomorrow, we are doing well. And, from time-to-time the world ending tomorrow is a serious possibility, so...
New Post has been published on http://blog.jamesbondvillains.com/index.php?/2013/05/05/childless-keynesians-and-the-future-they-made/
Childless Keynesians And The Future They Made
Childless Keynesians And The Future They Made On the bright side, crushing existential uncertainty and inevitable doom reminds us that if we can just make sure the world doesn't end tomorrow, we are doing well. And, from time-to-time the world ending tomorrow is a serious possibility, so there is … Read more on Seeking Alpha
Buffett-created wealth invested in improving Omaha A dollar invested correctly today, he has long believed, can be $ 100 tomorrow through the magic of compounded earnings. Saturday's meeting in Omaha of about 35,000 shareholders … In early 1962, Warren Buffett wrote to his investment partners that the … Read more on Omaha World-Herald