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  • AZDuck
    AZDuck Member Posts: 15,381
    I don't GAF what a German chancellor who served less than 2 years in office thought.

    Using cash infusions to stimulate demand is pure Keynes. Tell me that it isn't.

    Where is the Ludwig Erhard stamp?

    image

    If you don't like Keynes that's your prerogative, but you're swimming against the current of serious economic scholarship. The only reason fresh-water economists have any support is the subsidies thrown their way by right-wing wingnut welfare (oh, the irony!)

    Economic historians J. Bradford DeLong and Barry Eichengreen call [the Marshall Plan] "history's most successful structural adjustment program."

    But yeah, keep pretending that it wasn't in line with Keynesian theory.
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  • HoustonHusky
    HoustonHusky Member Posts: 6,011
    AZDuck said:

    I don't GAF what a German chancellor who served less than 2 years in office thought.

    Like I said before...keep spewing things factually incorrect and incredibly stupid and patting yourself on the back for it...why let reality conflict with the theory in your head.

    BTW...he didn't live in a vacuum before becoming chancellor. And go read something other than Ludlum...you might actually learn something.
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  • AZDuck
    AZDuck Member Posts: 15,381
    Bro, do you even Brad DeLong?

    (econ prof at Berkeley)
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  • GrundleStiltzkin
    GrundleStiltzkin Member Posts: 61,516 Standard Supporter
    Why a fine lib like JFK. Should have been a certain idiotic lib like a certain one I have to deal with daily. That at least would make fiscal sense
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  • Swaye
    Swaye Moderator, Swaye's Wigwam Posts: 41,741 Founders Club
    The fuck is a Keynesian? Is that the twat muscle?
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  • GrundleStiltzkin
    GrundleStiltzkin Member Posts: 61,516 Standard Supporter
    Swaye said:

    The fuck is a Keynesian? Is that the twat muscle?

    image
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  • HoustonHusky
    HoustonHusky Member Posts: 6,011
    edited June 2015
    AZDuck said:

    Bro, do you even Brad DeLong?

    (econ prof at Berkeley)

    What, according to his own words?

    http://www.nber.org/papers/w3899

    "We examine the economic effects of the Marshall Plan, and find that it was not large enough to have significantly accelerated recovery by financing investment , aiding the reconstruction of damaged infrastructure, or easing commodity bottlenecks. We argue, however, that the Marshall Plan did play a major role in setting the stage for post-World War II Western Europe's rapid growth. The conditions attached to Marshall Plan aid pushed European political economy in a direction that left its post World War II "mixed economies" with more "market" and less "controls" in the mix. "

    I.e. the guy you cited said it was "history's most successful structural adjustment program." by changing from a centrally planned economy to market economy (which is where Ludwig Erhard comes in) and not by throwing money at the problem.

    Like I said, keep speaking in cliches without having a clue as to what you are talking about...maybe you just don't understand Keynesian...I'm not sure...but you are really out in left field on this one.
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  • AZDuck
    AZDuck Member Posts: 15,381
    I think you think that I am opposed to the free market. Not the case.

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  • HoustonHusky
    HoustonHusky Member Posts: 6,011
    I think you made a really dumb claim about Keynesian economics, the Marshall Plan, and somehow saying that the Marshall Plan somehow validated Keynesian economics.

    I also think you are just deflecting now.
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