Why the State Loves Keynseian Economics

re: Why the State Loves Keynseian Economics

Monica U — Sat, 21 Feb 2009 05:41:06 GMT

Well, it seems like every economist have common point of view with regards to economic issue. Wecan’t deny that each ad every one of us does suffer financial burden everyday that some of us are coming to a point of making risky decisions regarding financial matters, for instance dealing with lender broker. Concerning to this, some Republican governors will be refusing <a href="personalmoneystore.com/.../">easy loans</a> from the economic stimulus packages. One thing that many object to is that they can only get what they are told they will receive. They cannot elect to take less or pick and choose how much aid they can get and for what. Hopefully, they won't make their citizens suffer because some have even declared that they refuse outright.

re: Why the State Loves Keynseian Economics

Spideynw — Fri, 05 Dec 2008 21:21:56 GMT

I love the fact that you understand that a dollar spent by the State is one dollar less for the private sector to spend. I would love to see you drive home the point that State expenditures do not create wealth, and are completely wasteful. Also, you may want to go into more detail about how government bonds paid off with inflation is no different than taxation.

Excellent article nonetheless.

re: Why the State Loves Keynseian Economics

Ronald D. Morley — Tue, 02 Dec 2008 04:57:38 GMT

Thank you for your comments. I do intend to explore the way in which the admixture of Keynesian economics and the State works to diminish individual freedom. I've been trying to keep these entries in the neighborhood of one thousand words and there wasn't room to do justice to the second part of the subject. I appreciate boyd's pointing out that I'd not done enough to justify the comment he mentioned. I'm new to this blogging thing and am learning by doing. Again, thanks for the comments. Every little bit helps.

re: Why the State Loves Keynseian Economics

cribbon — Mon, 01 Dec 2008 23:14:42 GMT

I agree with comment #1, even though i see how his economics do harm to individual freedom it is not really explored in the blog.

Would be nice to see you bring on the topic in a later blog perhaps?

Well written, me like :)

re: Why the State Loves Keynseian Economics

Malcolm Fowler — Mon, 01 Dec 2008 06:50:21 GMT

So long as there is a parent /child relationship between the state and the people there will be state intervention in the economy and in the daily lives of individuals.

re: Why the State Loves Keynseian Economics

boyd — Mon, 01 Dec 2008 06:23:46 GMT

While I agree with this article, I don't necessarily see that the statement......."In short, no matter how it is sugar-coated, the policies of John Maynard Keynes are essentially ways of increasing the power of the central government at the expense of individual freedom." belongs in this article.

While I agree that Keynesian economics_does_erode the will and freedom of individuals, I don't believe the author explored this enough to make it the final statement to this article.

Perhaps he can explore that for us. I'd enjoy to read it