))
Episode 20 – My Biggest Issues with Keynesian Economics
Manage episode 308832045 series 3021383
Το περιεχόμενο παρέχεται από το Mark Geise. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Mark Geise ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.
I have many issues with Keynesian economics, but in this episode I discuss my biggest contentions:
- Keynesians don’t explain what causes the booms that lead to busts.
- Keynesians always complain that “not enough stimulus” was used (similar to how communists state that communism just wasn’t implemented correctly in the Soviet Union).
- Keynesians act as if government spending comes out of thin air.
- Keynesians focuses far too much on consumption and demand rather than savings and investment.
- Keynesians hide behind their models and insinuate that the lack of mathematical rigor in other strains of economics means that Keynesianism is superior.
I also discuss why Paul Krugman is a partisan hack and why we cannot trust a single word that he writes or speaks. His ultimate goal is a position in the Hillary Clinton administration, so he has not hesitated to compromise previous stances he has taken in order to sing her praises.
https://s3-us-west-2.amazonaws.com/mark-geise-show/Episode+20+-+My+Biggest+Issues+with+Keynesian+Economics.mp3Suggesting Reading/Referenced Articles:
Book: “The Politically Incorrect Guide to the Great Depression and the New Deal” by Robert Murphy
Book: “How an Economy Grows and Why It Crashes” by Peter Schiff
Book: “America’s Great Depression” by Murray Rothbard (free, legal PDF download)
Podcast: “Ep. 57: Everything is Awesome, So Why Are Trump and Ryan Complaining, Wonders Krugman” – ContraKrugman
Video: “Keynesian Predictions vs. American History | Thomas E. Woods, Jr.” – YouTube
“Why Hillary Wins” by Paul Krugman – New York Times
“Their Dark Fantasies” by Paul Krugman – New York Times
“Austrian Economics vs. Keynesian Economics in One Simple Chart” – Ludwig von Mises Institute
57 επεισόδια
Μοίρασέ το
