05-24-2016, 03:05 PM | #31 |
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Yes, but he did not agree with Keynesian policy on fiscal issues. And perhaps I am mistaken, but I do not believe he accepted the "multiplier" fantasy.
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05-24-2016, 04:27 PM | #32 | |
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Unlike politicians, the Fed has the resolve to raise rates when they're supposed to and cut them when they're supposed to. However, during the Great Recession we already maxed out on monetary policy. Interest rates were at 0%. We had quantitative easing what, three times?
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05-24-2016, 08:52 PM | #33 | |
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The Keynesian fiscal philosophy has lots of operational problems. First, the multiplier has never been proven. It is not based on human behavior, which is what Adam Smith premised his predictions on. The amount and timing of spending is never timely. Government is not a finely tuned machine and as a result the whole concept of Keynesian manipulation of the economy is a fantasy..
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05-26-2016, 07:22 PM | #34 |
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Hillary eviscerating the 2d Amendment through bad Supreme Court appointments is a nightmare I am having.
She has stated Heller was wrongly decided in her infinite wisdom and knowledge.
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