Socialists (aka liberals) have always used Keynes to justify all their irresponsible and damaging spending, without eber researching whether he was correct. This article proved it wrong.
http://www.spectator.co.uk/2016/01/the-one-thing-most-people-think-they-know-about-economics-is-wrong/
So please before becoming a fabian socialist like Keynes, study Austrian economics, so you can have the correct economic philosophy.
Keynesianism is supported not because it works, but because it corresponds to morality of altruism to which everyone subscribes.
"You can avoid reality, but you can not avoid the consequences of avoiding reality." -- Ayn Rand
boris7698:
Not me, nor any reasonable person. Novody can argue against the logic of ethical egoism
Wylted:
I can.
I'm the main developer for the site. If you have any problems, ideas, questions or concerns please send me a message.
Let's revive the forums!
Wylted:
That's the thing. They don't argue, they accept it on faith, because altruism is what they are taught since kindergarten, in all cartoons, movies, and in all interactions with people, and in school. This, for 2000 years.
"You can avoid reality, but you can not avoid the consequences of avoiding reality." -- Ayn Rand
admin:
Actually, you are the one person here I believe, when you say that. Would love to do it too , one of these weeks I am working less than 60 hours.
Wylted:
I know what you mean, my time availability is awful at the moment too
I'm the main developer for the site. If you have any problems, ideas, questions or concerns please send me a message.
Let's revive the forums!
admin:
Maybe we can touch on it in a new thread soon,or something
