Sweep the Leg Wrote: ------------------------------------------------------- > @Dwight: While I appreciate how amazingly > condescending you are, you’re not really making > any useful points. I think most of us are ok on > how fiscal policy works, this isn’t Reddit. > > The Keynesian camp is comprised of students or > recently graduated students, professors, > journalists, and bureaucrats. In short, people > with little utility (ok, professors get a pass). > Just like Communists, Keynesians can’t figure out > how a theory that looks so good on paper just > can’t be pratically applied. I call it the > “fallacy of being an idiot.” > > I would love nothing more than to spend my Friday > afternoon teaching you why free market capitalism > is far superior to Keynesism, but I fear it would > fall of deaf ears. As the years pass and the > dollar becomes increasingly worthless, I’m sure > you’ll come around on your own. Clearly it would not fall on deaf ears as I have read and responded to each of your posts. I am not a Keynesian, I am just trying to describe countercyclical policy which you seem to be dramatically opposed to. Countercyclical fiscal policy is not a contradiction of free market capitalism, the two are very closely related. I did not intend to come across as condescending, and I am not sure of how else to word my replies to change your impression. If you would like to engage in a debate on any point that I have raised I am happy to do so.
You are not condescending, just misguided. : )
equity_analyst Wrote: ------------------------------------------------------- > You are not condescending, just misguided. > > : ) Haha. Aren’t we all equity_analyst? I have often wondered what percentage of aggregate human knowledge is complete nonsense and misunderstanding. I would guess it has to be somewhere in the range of 60%+. But for myself of course I naturally assume I am right on everything! That would be fine, except for the pesky fact that everyone else assumes the same thing…