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Apolyton Civilization Forums : Powered by vBulletin version 2.0.3 Apolyton Civilization Forums > Miscellaneous > Archive > Off-Topic-Archive > Keynesian or Monetorist??
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Which philosophy is yours? (Time out:0 days after 17-06-2003, 00:18)
Keynesian all the way!!
Moneterist are where its at!!
Bananaconomist for me baby!!
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Urban Ranger is offline Urban Ranger
Apolyton Duke of Off-Topic

Donate to the Red Cross		 The City State of Noosphere, CPA special envoy
May 1999
time: 13:28
  Old Post 17-06-2003 09:56
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#31 Report this post to a moderator
Got spare money?

Economics is like voodoo. With the same set of data you can come up with opposing conclusions.
Kidicious is offline Kidicious
Settler
Diety of Kidiverse
Mar 2003
time: 21:28
  Old Post 17-06-2003 10:11 Visit Kidicious's homepage!
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#32 Report this post to a moderator
Support Apolyton, buy Civilization III: Complete

quote:
 Originally posted by PLATO1003
Kidicious, Keynes was of the opinion that it may not eventually be overcome. Some type of intervention by government is necessary. The unusual event of industrialization and the "end of the frontier" (Which the US census made official in 1890) combined to allow the government to greatly increase spending without incurring a deficit.


Maybe he said that it may never recover. I tend to think that he only spoke about the short run. He wasn't concerned about the long run, or at least he wasn't speaking about it.
Urban Ranger is offline Urban Ranger
Apolyton Duke of Off-Topic

Donate to the Red Cross		 The City State of Noosphere, CPA special envoy
May 1999
time: 13:28
  Old Post 17-06-2003 10:20
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#33 Report this post to a moderator
Inflate your Upload Space

J.M. Keynes was clearly concerned about the short term. He has a famous quote that goes, "In the long run, we all die."
 
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