This page has been archived and commenting is disabled.

Guest Post: It's A Bit Early To Declare A Winner In The Economic Debate

Tyler Durden's picture




 

Submitted by Lance Roberts of Street Talk Live,

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 04/26/2013 - 09:50 | 3502113 smacker
smacker's picture

 

I have never never never seen the debate between Keynesian & Austrian economic theories as a debate at all, even though many choose to describe it that way.

For me, Austrian economics is a simple matter of plain commonsense. Period. But Keynesian economics is the model adopted by virtually all governments because it seeks to justify sovereign meddling in economics and everything else, and taking on sovereign debt to spend today what you won't get in taxes until tomorrow. It is thus the socialist model of economics and this is why it has been so popular with so many politicians. Because at the end of the day, whatever a politician calls himself and whatever side of the political spectrum he claims to reside, the vast majority are socialists to a greater or lesser degree.

Fri, 04/26/2013 - 12:28 | 3502786 spekulatn
spekulatn's picture

"Blodget and other socialists want to win the argument over state spending so they have seized on the debunking of this "study" as proof that national policies have been misguided and that financial leaders need to pump prime aggressively.


This is just as silly an argument as the "austerity" one – which is not austerity at all. What really needs to happen is that regulations need to be reduced as much as possible along with taxes and central bank activism. The less the state is involved in providing "solutions" to the problems it has caused, the better off long suffering citizens will be."

 

http://www.thedailybell.com/29036/Did-Krugman-Win-the-Austerity-Argument

Do NOT follow this link or you will be banned from the site!