Sin_of_Onin
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Reagan was a Keynesian
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If you look at Reagan's economic policies it is pretty clear that he was a Keynesian. Meanwhile modern conservative politics concerning economic recovery both praise Reagan and criticize Keynes and modern liberal criticize Reagan and promote Keynes.
I wonder who is bothered more by the truth, liberals or conservatives.
Then there are those who don't like Reagan or Keynes or even Friedman and think economic recovery comes from cutting government spending, deflation, and the collapse of corporations and banks.
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Ptilk
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Reagan was a Keynesian
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Reagan mixed in way too much supply side with his Keynesian, and the main reason many liberals (including me) hated the bastard was for his social theories and his militant jingoistic stupidity, not his economics.
However it is fun to watch today's "conservatives" praise him as a near deity, then scream that economic beliefs very similar to his are "ebil socialism".
Just goes to show you how far to the right the zeitgeist has gone.
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Ashmaele
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Reagan was a Keynesian
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I criticize Reagan much more for his illegally selling arms to Iran and then using that money to illegally fund the Contras in Nicaragua than his economic policies.
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Ptilk
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Reagan was a Keynesian
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Yeah, that was one of the biggest militant jingoistic stupid acts of his entire horrible presidency.
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AzureTyger
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Reagan was a Keynesian
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Deregulation, union busting, and lowering the top marginal rate by 60% are Keynseian? I think at best you can say he later balanced his supply side policies with some better tax policy, but exactly what policies do you consider overall that make him a Keynseian?
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Sin_of_Onin
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Reagan was a Keynesian
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AzureTyger posted:
Deregulation, union busting, and lowering the top marginal rate by 60% are Keynseian? I think at best you can say he later balanced his supply side policies with some better tax policy, but exactly what policies do you consider overall that make him a Keynseian?
Cutting taxes on the rich do not fit exactly what Keynes proposed but the theory behind cutting taxes in a recession is built off of Keynes theories with some capital supply economics worked in. Keynes pointed out that a reduction in demand will lead to less production which will in turn lead to less demand. This results in a downward spiral. Cutting taxes will impact consumption and savings.
In addition to tax changes Reagan also increased spending while paying for that spending with government debt.
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paulg_68
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Reagan was a Keynesian
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Bush was a Keynesian and got predictable Keynesian results.
Libtards blame him even now for our down economy but believe that more Keynes is what we need to fix things.
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Modeeb
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Reagan was a Keynesian
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Reagan was an incredible stoonad. His stupidity knew no bounds. Ronald Reagan declared ketchup as a vegetable providing nutrition in school childrens menus. A frigging tomato is not even a vegetable. That is about how bass ackwards this man was-the hero of the right.
I was there I studied under Dr Arthur Laffer at USC when he was designing Reaganomics.
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Sin_of_Onin
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Reagan was a Keynesian
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You two crack me up.
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reesescups
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Subject:
Reagan was a Keynesian
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Sin_of_Onin posted:
In addition to tax changes Reagan also increased spending while paying for that spending with government debt.
that was way way way before anyone cared about deficits!
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Akza
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Reagan was a Keynesian
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reesescups posted:
Sin_of_Onin posted:
In addition to tax changes Reagan also increased spending while paying for that spending with government debt.
that was way way way before anyone cared about deficits!
ie before obama.
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Aerlinthian
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Reagan was a Keynesian
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Lets keep doing what we've been doing! It's obviously working so well.
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Ashmaele
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Reagan was a Keynesian
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paulg_68 posted:
Bush was a Keynesian and got predictable Keynesian results.
Libtards blame him even now for our down economy but believe that more Keynes is what we need to fix things.
Can you please point out/link to where Keynes advocated lowering taxes and keeping them low while increasing spending during economic boom periods?
I'll hang up and listen.
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Sin_of_Onin
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Reagan was a Keynesian
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http://www.bing.com/videos/watch/video/bruce-bartlett/17w8kugvq
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__Bonk__
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Reagan was a Keynesian
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Reagan massively grew the size of government and his funding evil people in South America was horrible
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Yukishiro1
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Reagan was a Keynesian
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Keynesians believe in spending more during recessions and saving during booms.
Reagan was a politician, not a keynesian.
Politicians are characterized by a belief in spending more during a recession and spending more during a boom, too.
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Bjorvald
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Politician: The economy is doing great! SPEND MORE MONEY
Politician: The economy sucks! SPEND MORE MONEY
Not sure what to call this, but it doesn't resemble any sort of rational economic policy.
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Sin_of_Onin
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Actually Reagan did make some effort in later years to reduce the defecit. Bush Sr tried cuts too but that actually helped fuel defecits.
It is not politically popular to start recessions.
There is little doubt that Reagan pushed debt spending as a response to the recession though. It is strange to see Republicans today treat such ideas as examples of socialism.
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Ashmaele
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Bjorvald posted:
Politician: The economy is doing great! SPEND MORE MONEY
Politician: The economy sucks! SPEND MORE MONEY
Not sure what to call this, but it doesn't resemble any sort of rational economic policy.
That's America's economic policy since I've been alive, but it certainly isn't Keynesianism.
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PackHunter
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Reagan was a Keynesian
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Bjorvald posted:
Politician: The economy is doing great! SPEND MORE MONEY
Politician: The economy sucks! SPEND MORE MONEY
Not sure what to call this, but it doesn't resemble any sort of rational economic policy.
Probably not, but it seems to get people elected a lot down there...
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Abaddon_Ambrosius
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Reagan was a Keynesian
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Ashmaele posted:
Bjorvald posted:
Politician: The economy is doing great! SPEND MORE MONEY
Politician: The economy sucks! SPEND MORE MONEY
Not sure what to call this, but it doesn't resemble any sort of rational economic policy.
That's America's economic policy since I've been alive, but it certainly isn't Keynesianism.
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Desnoxvu
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Outposters don't understand Keynsianism, Austrian economics and many of them don't even see that they support facism, corporatism or socialism. We used to think that the Camelot Outpost was some bastian of intellectuals but in reality nothing could be further from the truth.
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Abaddon_Ambrosius
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Desnoxvu posted:
We used to think that the Camelot Outpost was some bastian of intellectuals...
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Ashmaele
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Actually nobody ever thought that.
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Desnoxvu
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Abaddon_Ambrosius posted:
Desnoxvu posted:
We used to think that the Camelot Outpost was some bastian of intellectuals...
Actually this site had a lot of anti-war rhetoric back in the day when people knew that the Iraq war was a mistake and that Iraq wasn't a threat. But we also had people ranting about how the housing market was a great investment. Luckily I sold my house before the bust 
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