Desnoxvu
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Are you an Austrian or a Keynesian?
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I am interested in what economic theory each of you follow.
Mises
http://www.youtube.com/watch?v=1TsPvDL6s94&feature=related
Keynes
http://www.youtube.com/watch?v=WnUUMs9WIC0
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Crooq_Lionfang
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I find Keynes intriguing. Too bad it has never been tried 
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NuEM
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Are you an Austrian or a Keynesian?
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I've learned from experience that people using these terms are usually full of fail.
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Desnoxvu
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Are you an Austrian or a Keynesian?
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Crooq... we have been working under the Keynes model since 1913. You didn't know that?
Edit: that is really sad that you didn't know that. I bet most of America doesn't even know that either. Did you not see the Nixon speech where he said we are all Keynesians now?
And Nuem.. Please tell us what economic theory you want to teach us.
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Elkad
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Are you an Austrian or a Keynesian?
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Desnoxvu posted:
Crooq... we have been working under the Keynes model since 1913. You didn't know that?
Edit: that is really sad that you didn't know that. I bet most of America doesn't even know that either. Did you not see the Nixon speech where he said we are all Keynesians now?
Except the part where we don't save during the good times......
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Desnoxvu
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That is what China did. They had the highest savings rate and now they have the fastest growing economy.
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NuEM
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Desnoxvu posted:
And Nuem.. Please tell us what economic theory you want to teach us.
I'm not an economist so don't ask me. Whenever I see actual economists debate I never hear them use those terms. I do see them used all the time on the Internet however, typically by people who also talk about 2012 and space aliens.
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Thugoneous
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I'm an American.
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Crooq_Lionfang
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Elkad posted:
Desnoxvu posted:
Crooq... we have been working under the Keynes model since 1913. You didn't know that?
Edit: that is really sad that you didn't know that. I bet most of America doesn't even know that either. Did you not see the Nixon speech where he said we are all Keynesians now?
Except the part where we don't save during the good times......
Exactly
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Desnoxvu
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Nuem, here is a vid that explains it.
http://www.youtube.com/watch?v=GTQnarzmTOc
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NuEM
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Seriously?
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smellymotor
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Australian
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smellymotor
Young and Free
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Clackdor
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American
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Tych2
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NuEM posted:
I'm not an economist so don't ask me.
This. I love when people here think they have a grasp on economics in totality. It's always an entertaining read.
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Kjarhall
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NuEM posted:
I've learned from experience that people using these terms are usually full of fail.
QFT. They usually know much less than they think they do.
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Sin_of_Onin
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The real question is about mercantilism. Keynes and Austrian economics are a sideshow just like socialism v capitalism.
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Abaddon_Ambrosius
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Are you an Austrian or a Keynesian?
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Crooq_Lionfang posted:
Elkad posted:
Desnoxvu posted:
Crooq... we have been working under the Keynes model since 1913. You didn't know that?
Edit: that is really sad that you didn't know that. I bet most of America doesn't even know that either. Did you not see the Nixon speech where he said we are all Keynesians now?
Except the part where we don't save during the good times......
Exactly
This. We've discussed it on this board multiple times. N00b would know that if he'd been around here more often than "when Ron Paul is barely above easily dismissive levels of publicity."
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Moe_Nox
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Nm. It says Keynesian not Kenyan. 
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Modeeb
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I follow the Kwisatz Haderach. The Spice will flow.
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Abaddon_Ambrosius
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Modeeb posted:
I follow the Kwisatz Haderach. The Spice will flow.
Actually, I'm pretty sure he's all about the spice NOT flowing... 
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