Out-of-state welfare money being used around Orlando attractions

"To think of Keynesian economics as having no merit is like saying to a cancer patient on their death-bed that they have the heart and lungs of a 20-year-old"

If you were at all serious about this, then you might add something to the conversation by pointing to any and all examples where Keynesian policies have supposedly worked. I'll even start you off (see Marshall Plan).

I'll say it again, among the vast majority of serious economists Keynesian Policies are considered a failed theory. Government simply does not create wealth.

I'm sorry if that offends your political ideology. But if you want to debate the topic, I'm more than happy. I'll give you 5 examples to every one you can even mildly relate to Keynesian successes.

Or we could talk about roller coasters and theme parks. Stuff you're obviously not into.

LOL - my last post on this, Clint, promise.

Keynesianiam is more a point-of-view, not a "magic pill", which virtually nothing can be in ANY systems process, esp. one involving human behavior. A multi-faceted understanding and approach is almost always going to yield better results. "Spending" by the government isn't really central to the point, HOW the government spends, or invests, really is... :)

But I figured why not the nearest most direct implementation in modern US history - Bushy!

Source - http://useconomy.about.com/od/fiscalpolicy/p/bush_tax_rebate.htm

Here's the short details of the Bush Stimulus plan: "The Bush Economic Stimulus Package was about 1% of GDP, which advocates said was large enough to impact the $14 trillion economy. Most economists agreed that tax rebates would immediately lift consumer spending, especially if aimed at low-income families who were more likely to spend it than save it."

Hmmm, weird post - getting chopped. Anyhow, I think if you look to one religion, economist, philosopher, or politician as "the answer" - you might be better off with Allen Iverson. Take a little something from everyone, and make something that fits the life you want to live, the world you want to experience, etc.

rollergator said:
Bushy!

hehe :)

Gator:

Are you implying that the Economic Stimulus Act of 2008 was a success? Bush passed this temporary stimulus package with the support of majority Democrats and minority Republicans...mostly as an election year ploy. Certainly with the benefit of 20/20 hindsight...there is no reasonable person who looks at that stimulus as a success. It did nothing long term...except increase our debt-load.

Keynesian theory suffers from a rather glaring logical fallacy. It overlooks the fact that, in the real world,
Government can’t inject money into the economy without first taking money out of the economy. Any money that the government puts in the economy’s right pocket is money that is first removed from the economy’s left pocket. There is no increase in what Keynesians refer to as aggregate demand since every dollar that is spent on a stimulus package is a dollar that the government first must borrow from private credit markets. Keynesianism doesn't boost national income, it merely redistributes it.

"A multi-faceted understanding and approach is almost always going to yield better results."

Any evidence to support this claim? Sounds like you believe that Bush et al used a multifaceted approach in 2008...shouldn't we be seeing the "better results" by now?

Personally I come from the school of thought that says "look at the results" and then use the approach that gets the good ones. Whether that understanding and approach is simple, or multifaceted, is of no concern. The results are what matters.

rollergator said:
LOL - my last post on this, Clint, promise.

I'm sayin' Cinderella's Castle looks absolutely gorgeous this time of year... :)

:-)

I'm sayin' Cinderella's Castle looks absolutely gorgeous this time of year...

A Fantasyland reference... Your consistency is admirable! :)

A douchebag comment...so is yours. (and yes I called you another name because I'm consistent as well)

A douchebag comment

Clever insightful contributions have means of progressing any conversation...

Which leads to this economic oldie, but goodie…

The Cleansing Effect of Recessions

I'm not the biggest fan of Ricardo Caballero, but a macroeconmics professor at MIT deserves baseline respect.

Out of respect for the other posters here (MANY of whom I consider friends IRL) - I have decided to terminate my participation in this. You are now arguing solo....in NO way does it make you right, but you do get the last word. May Elizabeth Hasselbeck be your prize as winner of the debate.

"Your hair is beautiful. Like a flower."

Outof respect for the other posters here (MANY of whom I consider friendsIRL) - I have decided to terminate my participation in this.

For your friendships' sake, I sincerley hope you mean it this time. Broken promises hurt feelings. I would not want you to have to do that again.

You are now arguing solo....in NO way does it make you right, but you do get the last word.

I prefer to call it discussion. But if your participation in an economic discussion is leading to damaged friendships...I would punt too.

On a side note, I'm going to bet Tek gets the last word. ;)

Which is why "serious economists" look at the link supplied by Aamilj and say "this is politics" based solely on the URL without even clicking.

While I sincerley feel bad your friendships could be damaged, I will remind you that it was actually you who drew first blood. I've seen how reality somehow gets lost on here when feelings get hurt. I just want the truth out there.

In all honesty, I'm not certain why disagreeable conversations have to end up personal. I've harbor no ill will toward your username or other usernames whose sole contribution were 5th grade rebuttals. It was enter- taining while it lasted.

If you ever get the desire to challenge your beliefs on this subject, I'm game for friendly debate.

P.S. As debate winner, I'd prefer Katie Pavlich or even Michelle Malkin over Hasselbeck, but since you made the generous offer I'll accept Hasselbeck and offer up Rachel Maddow to the runner up! :)