HEY CONSERVATARDS: EXPLAIN YOUR OPPOSITION TO KEYNESIAN ECONOMIC
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Poast new message in this thread
Date: February 9th, 2012 8:39 PM Author: Twinkling Geriatric Ape
http://www.bloomberg.com/news/2012-02-09/columbia-s-sachs-says-krugman-is-crude-keynesian-on-spending-tom-keene.html
“Paul has a powerful bully pulpit in his New York Times column, and he’s been on one theme for three years,” Sachs said. Krugman has “under-emphasized the risks of growing debt, he’s over-asserted what we really know about the effects of these policies and he has underestimated the long-term need for public-sector change and reform,” Sachs said.
“Krugman has staked out a rather crude Keynesian position and unrelentingly so,” Sachs said today, referring to John Maynard Keynes, the British economist who advocated government spending to spur economic growth during the Great Depression. Krugman “knows one thing, which is stimulus, stimulus, stimulus and expand deficit spending,
(http://www.autoadmit.com/thread.php?thread_id=1869920&forum_id=2#19933319)
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Date: February 9th, 2012 8:59 PM Author: Silver brethren
He's a proponent of hudson river school economics e.g. Bizarro Laffer.
Safety net, no, not at all. Fine with that. Universal HC too. Free shit for people who have no intention of working and commit crimes, that I tend to oppose.
I have mixed feelings on TANF. I'll tell you where we do cut - schools in urban neighborhoods and BOOMER pensions. Sentry turret for the former, death panels for the latter.
(http://www.autoadmit.com/thread.php?thread_id=1869920&forum_id=2#19933428) |
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Date: February 9th, 2012 9:02 PM Author: Silver brethren
The identity politics game and American black culture as a whole (though it's not just blacks).
Specifically, if you mean the Gini, we can never adequately institute socialism because of cultural and ethnic heterogeneity more broadly. Look at european countries with high Gini and strong (not communistic) socialisms. All scandanavian. All collectivistic. All one race/culture.
God forbid I ever say that in public though.
(http://www.autoadmit.com/thread.php?thread_id=1869920&forum_id=2#19933456) |
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Date: February 10th, 2012 9:45 AM Author: Twinkling Geriatric Ape
http://www.nytimes.com/2012/02/10/business/global/breakthrough-on-austerity-cuts-clears-way-for-greek-deal.html?_r=1&ref=world
In a highly political climate ahead of elections expected as early as April, the leaders agreed to a range of unpopular measures, including cutting the minimum wage on which all private-sector contracts are based by 22 percent — 30 percent for workers under 25. This in a country where average wages have dropped 15 percent since 2009, after having risen by that amount in the relatively prosperous years between 2004 and 2009, according to a study by the Bank of Greece.
They also agreed to shorten the terms of collective bargaining agreements, freeze private sector salary increases until unemployment drops below 10 percent from its current 19 percent, loosen job protections in the public sector and by the end of 2015 cut 150,000 jobs from the government payroll of 800,000.
(http://www.autoadmit.com/thread.php?thread_id=1869920&forum_id=2#19936410) |
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Date: February 10th, 2012 10:01 AM Author: chocolate masturbator set
First, for anyone who is not an economic illterate, the min wage does nothing but hurt the lower classes. It is a tool used by unions to boolster their own power at the expense of unskilled labour. Maybe pick Healthcare or something next time.
The perfect video for an eco-newbie:
http://www.youtube.com/watch?v=IFbYM2EDz40
Second, you will not find me disputing the cutting of military spending, but I think that for Greece, it is the social shit that is killing them (unlike in America, where military spending is indeed a tangible drain).
Finally, do not throw words like "justice" around. Unless you define them, they are meaningless emotionally-loaded terms.
(http://www.autoadmit.com/thread.php?thread_id=1869920&forum_id=2#19936454) |
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Date: February 10th, 2012 10:46 AM Author: Twinkling Geriatric Ape
China has about 150 million people living below the United Nations poverty line of one US dollar a day.
[ Wikipedia “Income Inequality in China”; China Development Research Foundation Feb 2011 report ]
Nearly 500 million Chinese people live on less than $2 a day.
[ BBC News “Millions 'left behind' in rural China” May 12, 2010 ]
85% of China’s poor live in rural areas, with about 66% concentrated in the country’s west.
[China Development Research Foundation Feb 2011 report ]
(http://www.autoadmit.com/thread.php?thread_id=1869920&forum_id=2#19936598)
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Date: February 10th, 2012 5:13 PM Author: Twinkling Geriatric Ape
180, brother.
I seriously meant it.
Mine is Theodoro Adorno and Antonio Gramsci.
(http://www.autoadmit.com/thread.php?thread_id=1869920&forum_id=2#19938372) |
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