Comments on: The Return of Keynesianism http://www.thefreemanonline.org/columns/the-return-of-keynesianism/ Ideas on Liberty Tue, 14 Feb 2012 23:14:55 +0000 hourly 1 http://wordpress.org/?v=3.3 By: iktmwtyyk http://www.thefreemanonline.org/columns/the-return-of-keynesianism/comment-page-1/#comment-59149 iktmwtyyk Tue, 07 Feb 2012 10:54:01 +0000 http://www.thefreemanonline.org/?p=9463#comment-59149 KhUXZE <a href="http://ztuskhpehzop.com/" rel="nofollow">ztuskhpehzop</a>, [url=http://gyvqzenpahmb.com/]gyvqzenpahmb[/url], [link=http://hqtwwcioqksj.com/]hqtwwcioqksj[/link], http://jrnyhfykybjj.com/ KhUXZE ztuskhpehzop, [url=http://gyvqzenpahmb.com/]gyvqzenpahmb[/url], [link=http://hqtwwcioqksj.com/]hqtwwcioqksj[/link], http://jrnyhfykybjj.com/

]]> By: Mike http://www.thefreemanonline.org/columns/the-return-of-keynesianism/comment-page-1/#comment-40125 Mike Thu, 24 Feb 2011 12:39:43 +0000 http://www.thefreemanonline.org/?p=9463#comment-40125 Write what you like, but your beloved neoliberalism is dying and there is no way to reverse it. Sadly, it will take down the western countries' economies before its final rest. I hope no World War 3 is on the rise. Free markets would work only if humanity returned back to basics which means if all means of wealth accumulation were to get banned. That is the most critical mistake Adam Smith made: If you have means of wealth accumulation, saturation will never occur. Write what you like, but your beloved neoliberalism is dying and there is no way to reverse it. Sadly, it will take down the western countries’ economies before its final rest. I hope no World War 3 is on the rise.

Free markets would work only if humanity returned back to basics which means if all means of wealth accumulation were to get banned. That is the most critical mistake Adam Smith made: If you have means of wealth accumulation, saturation will never occur.

]]> By: Ned Netterville http://www.thefreemanonline.org/columns/the-return-of-keynesianism/comment-page-1/#comment-36542 Ned Netterville Thu, 16 Dec 2010 20:46:17 +0000 http://www.thefreemanonline.org/?p=9463#comment-36542 Having lately read JMK'a GENERAL THEORY, his THE END OF LAISSEZ FAIRE, and his THE ECONOMIC CONSEQUENCES OF THE PEACE, I think I can safely say why so many putative economists are Keynesians. Keynesian "economists" fall into one of three categories: 1) those who are crafty and know that the committee that awards the Nobel Prize in economics is comprised of many socialists who dearly love K's endorsement of their statist worldview; 2) those who call themselves Keynesians, although they never read anything he wrote, because colleges like to hire Keynesians since they generally make good grant writers, and, 3) those who are too dense to understand praxeology so as to be able to see through the eloquent, scintillating, contorted, distorted and confusing sophism Keynes spouted. Having lately read JMK’a GENERAL THEORY, his THE END OF LAISSEZ FAIRE, and his THE ECONOMIC CONSEQUENCES OF THE PEACE, I think I can safely say why so many putative economists are Keynesians. Keynesian “economists” fall into one of three categories: 1) those who are crafty and know that the committee that awards the Nobel Prize in economics is comprised of many socialists who dearly love K’s endorsement of their statist worldview; 2) those who call themselves Keynesians, although they never read anything he wrote, because colleges like to hire Keynesians since they generally make good grant writers, and, 3) those who are too dense to understand praxeology so as to be able to see through the eloquent, scintillating, contorted, distorted and confusing sophism Keynes spouted.

]]> By: Doug Murphy http://www.thefreemanonline.org/columns/the-return-of-keynesianism/comment-page-1/#comment-36540 Doug Murphy Thu, 16 Dec 2010 20:07:59 +0000 http://www.thefreemanonline.org/?p=9463#comment-36540 The pols love to spend and everyone wants to be a hero and Keynesianism always provides the excuse that had it not been resorted to, no matter how bad things have gotten, they would have been much worse. While the "invisible hand" has always worked on the smaller ripples but without much fanfare and raely allowed to work on the big ones for the same reasons. The pols love to spend and everyone wants to be a hero and Keynesianism always provides the excuse that had it not been resorted to, no matter how bad things have gotten, they would have been much worse. While the “invisible hand” has always worked on the smaller ripples but without much fanfare and raely allowed to work on the big ones for the same reasons.

]]> By: Peter Giancana http://www.thefreemanonline.org/columns/the-return-of-keynesianism/comment-page-1/#comment-36525 Peter Giancana Thu, 16 Dec 2010 14:18:56 +0000 http://www.thefreemanonline.org/?p=9463#comment-36525 The author asked: "Why this change away from sounder macroeconomic reasoning by economists toward a once-discredited (and never really sound) Keynesianism?". It's human nature, even for economists. The economics of Adam Smith, Ludwig von Mises, and F. A. Hayek is for mature adults, who have the self-control to resist the temptation to "fix" peoples' lives, while understanding that on any goven day, some of our citizens are economically challenged. In contrast, Keynesianism is for the weak-willed among us, who feel better about themselves living in the self-delusion that public policy can eradicate poverty. This the need to feel better about one's self, despite the national and global consequences, is an ultimate selfishness. The author asked: “Why this change away from sounder macroeconomic reasoning by economists toward a once-discredited (and never really sound) Keynesianism?”.

It’s human nature, even for economists. The economics of Adam Smith, Ludwig von Mises, and F. A. Hayek is for mature adults, who have the self-control to resist the temptation to “fix” peoples’ lives, while understanding that on any goven day, some of our citizens are economically challenged.

In contrast, Keynesianism is for the weak-willed among us, who feel better about themselves living in the self-delusion that public policy can eradicate poverty. This the need to feel better about one’s self, despite the national and global consequences, is an ultimate selfishness.

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