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Why The Little Liesman Econ Achievers "Just Love Keynes"
Curious about the economic fate of the US? Here it is:
Q. Steve Liesman: Who is your favorite economist?
A. Nat'l Economics Challenge participant #1: Keynes. I just love Keynes.
A. Nat'l Economics Challenge participant #2: I do too, because he spends a lot of money.
* * *
And proud we are of all of them.
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I need a boot bag.
Liesman. Oh, fuck me. Please, oh please dear God, keep him confined to CNBS
Marxists
Someone should go on there and say mises or Hayek, it would be fun to watch Steve liesmans head explode...
LIKE THIS!
https://www.youtube.com/watch?v=B_Lnz64vXB8
Then you can see, there is no brain in the head, only blood and flesh.
It's important to take these youngsters seriously, as they are our future monetary leaders. It's interesting to note that the more distinguished the economist, the more likely he is to be an advocate of the Keynesian economic model. I wonder if this is a reflection of the merits of Keynesian economics, or maybe that its intricacies take a more sophisticated and developed brain to fully appreciate?
Love the head line, remidns me of "little Lebowski urban achievers"
Is that what you were going for?
Yes, which is why they echoed Maude Lebowski, "And proud we are of all of them."
I miss the constant Lebowski references this site used to feature. This one was well done.
Tell me lies, tell me sweet little Lies man
Tell me tell me lies.
Oh no, no you can’t disguise
Tell me lies
https://www.youtube.com/watch?v=rcjpags7JT8
Those kids are so, so F’d.
I'm wondering how they get the taste of the condoms out of their mouth, is there a special kind of mouthwash?
"Hats off to you...(you bunch of ass hat retards)."
Put these social misfits in the real world and they will be chewed up and spat out before long. Put them in a steel mill or out shovelling ballast on a railway line in the middle of the night.
Do these nerds think they get to lose their virginity now? (Note: their smelly fat teacher lining them up and pegging them doesn't count).
Q. What's the most important rule of economics?
A. Err...err...Make profits. HAH HAH HAAAAH.
What a fuckwit.
And MDB love the irony. Comedy gold.
Guarantee you the average ZH reader knows way more about Econ than these kids' teacher does.
Can you guys even *imagine* "common core" econ text books?
Keynes was great. Everyone else is poo. Now onto Econ 202.
econ text books/econ teachers hahahahahaha you actually think kids these days have econ courses?
They do. Locally, they're taught by junior achievement volunteers.
The vast majority of teachers I've ever known are lazy, dull socialists.
A Dip. Ed. has the lowest entry requirements of any given tertiary education. Next rung down is police and military, after which there are no further rungs.
They are not taught they are indoctrinated. If you look at fractional reserve banking objectively throughout its history it is simply skimming at best but truthfully FRAUD!
Not Marxists, fuckwits.
DavidC
I wonder if they will ever realize they are being led around like cattle with a ring in their nose.....
hmm, probably not...
kids are offered a prize for their course in dis-education...mis-education...in serious need of re-education
My last pay check was $9500 working 12 hours a week online. My sisters friend has been averaging 15k for months now and she works about 20 hours a week. I can't believe how easy it was once I tried it out. This is what I do... www.jobs-review.com
You manually inspect Steve Liesman's sphincter tone?
Buggerflyer, or whatever the hell your handle is, get the fuck out of here and go sell your stupid shit on infowars.com . . . . .
Idiots
But they will buy a lot of iProducts. Useful idiots.
The education system is to teach you how to draw a box and think inside that box.
The education system is to teach you how to draw a box and think inside that box.
The only acheivement economists ever have is a high salary.
Not all of us. I barely cracked 7 figures last year.
(including the two to the right of the decimal point)
Actually, methinks most economists don't get paid very well.
No more than hookers not of the Wall Street Escort variety (aka crack ho's)
I weep for the children.
I weep for the indoctrinated.
I just weep.
Keynes was in favour of spending less during the good times so that you could spend more during the bad.
I imagine were he alive today he would be appalled at the state of government finances in much of the developed world.
Correctomundo. Critical thing about his policies.... not quite the neo-Keynesian crapola sold today.
Altho, he did see the chimera of the "positive multiplier" which as anybody having looked closely at real data, is not ..... it's at best 0 and more truthfully, negative.
Toot Sweet, Bitchez
He also said something to the effect of inflation being the means through which the government can tax another couple % from all people each and every year and not 1 man in a million will figure it out.
He also thought govenment shouldn't be more than 25% of GDP.
And don't you just love the G? Who cares what becomes of C and I, or X and M, because we can always fix it with more G!
edit: Oh no, I forgot the T. It doesn't matter what is T. High marginal rates, low marginal rates, tax on savings--it's all the same. Just make sure that G-T balances over the course of the business cycle, that's all we need for unlimited prosperity in a statist distopia.
Keynes knew damn good and well there would never be less spending by government during "good" times. That statement is nothing but pure sophistry to protect his insanely flawed theory.
Kruggers is seething about now.
Probably choked his cat out of frustration.
Wow, and we all wonder what is wrong with education in this country. As Bill Engvall would say, "There's your sign"
And to think they have not even been polluted yet by a liberal college.....
Guess none of them had any Family members live thru the Great Depression, to give them some real Economic Education.
" How much you paying that Man, I'll do it for Half of that. Mister i got Family to Feed " i saw hand written pay stubs for 13 cents an Hour.. got em up in the family trunk some place along with the Book of ration stamps from the War
Great, now we are making the Asians stupid. And they were the last hope.
He's got a last name which is almost as apropo as Chertoff.
a recent conversation between Liesman, Krugman & Bernanke...
Paul Krugman: I'll suck your cock for a thousand dollars.
Steve Liesman: Ah hahahahaha! Wonderful Economist. We're all, we're all very fond of him. Very free-spirited.
Paul Krugman: Steve can't watch, though, or he has to pay a hundred dollars
Steve Liesman: Ah haha. That's marvelous.
Ben Bernanke: Uh, I'm just gonna go find a cash machine.
JM Keynes draws a lot of water in this town. You don't draw shit here, Nelson. Now we got a nice quiet little beach broadcast here, and I aim to keep it nice and quiet. So let me make something plain. I don't like you sucking around, bothering our viewers, Nelson. I don't like your jerk-off name, I don't like your jerk-off face, I don't like your jerk-off behavior, and I don't like you... jerk-off. Do I make myself clear?
If Zero hedge desires to maintain credibilityit must differentiate between Keynesian and neo-Keynesian economics.
Lord Keynes maintained that governments should over spend in recessions and save in boom times. Today's Neo-Keynesians believe in spending at all times in the business cycle.
Clearly, there is a huge difference between the two ideas and people who want to accurately explore this topic should differentiate
It appears you are confused: you may want to direct your econonazi comment at the little liesman econo-achiever.
"'Econazi ?"; hmmmn.
If your label on my comment is consistent with , "naming something to explicitly be as it is", as Arisotle asserts in his ,'Categories", then I am certainly that label
As to name, "something thast it is not," is Orwellian fascism and I want no part of that paradigm.
econonazi, grammar nazi, spelling nazi...
no need to go too deep into it
This ia good a place as any for a section from Jefferson's letter to Kercheval:
Not that I am a fan of Keynes, but the advocates of ever expanding debt and credit have hijacked Keynes and taken his name as their own. Since the guy is dead he can't elaborate on his views. I guess they figure it adds legitimacy to the insanity of ever rising debt/free lunch economics.
A lot of that is going around. The Fed's mandate is one of price staibility, yet they tell us it is one of 2% inflation. It is not. It is price stability, which we have had over the past 7 years consistently. Prices have actually risen. They tell us everything is great, yet after 7 years they won't raise interest rates from zero to 25 basis points.
Orwellian speak.
"lord keynes" was a Rothschild agent flim flam man chartered with selling a ponzi scheme to the schmucks.
And his line about "reducing gov. spending" was there to ensure the theory could never be called into doubt.
What I find hilarious about this line of rebuttal is that it totally ignores any questions about the role of government spending. To them, the only question is "How much now?"
Lord Keynes maintained that governments should over spend in recessions and save in boom times.
^^^
so here in the states, since the blow-up back in 2007-2008, we've added $8 trillion in debt and what do we have to show for it? sub-2.0 GDP growth, can't get above 250,000 jobs on any & shrinking + 60 million people on food stamps. great "bang for the buck". but i know, according "the keynsian logic", "things would have been way worse had government not done what it did." actually, reagan inherited a WAY bigger mess and he had volcker jack-UP interest rates to close to 20% kill inflation (north of 10% at the time). he went in with a 1-term mentality but had the balls to do what needed to be done in-order to give the economy a landscape from which to base itself off of. be a man and take the pain. result - reagan's recovery saw GDP rates of 5-8% and jobs #'s of 500,000-800,000 per month. shit, we are building less houses now than in the 60's. why do u think that is? because people have so much $$$ to spend? and what the fuck would happen to the stock market if the fed were to raise rates 1/2 as much as volcker did (in order to save the middle class since their wages aren't going anywhere, the least they could do is save them on the cost side of the ledger)? the stock market would be sawed in 1/2 to start. oh, and god forbid we give our elderly income from which to live off. instead, we just pile them into "stocks that act like bonds - dividend stocks" - im sure those will be shielded from any potential interest rate shocks when people start waking-up to that fact at some point, bonds have something called DEFAULT RISK because these countries have ZERO intention of paying back any of this debt.
for being such a "student of the depression", bernanke doesn't seem to fucking get that after the depression, we were able to come out of the depression & grow again AT SOME POINT. i feel this bizarro-world we are living in is a bad fucking nightmare we are never coming out of. just keep passing these unsustainable debts off to our kids & grandkids. but hey, so-long as your not alive when the shit hits the fan, i guess it was all good during the time period.
I think JR has it right....
Keynes = Fabian Socialist = Marxist Statist
http://www.zerohedge.com/news/2015-04-26/negative-interest-rates-black-h...
Jimminy Christmas! What kind of a dickwad refers to that douchbag as "Lord' Keynes?
I wonder if I was even in anyone's top ten?
To no surprise, the event is dominated by non-caucasians.
Liesman is a CFR boot licking cunt. Time will tell if he donated to the Clinton Foundation.
i saw this clip today and i came away with 1 word: disturbed. there is a generation of kids coming out of college that are completely brainwashed. they actually think this shit is normal. the mispricing of risk by attempting to guarantee outcomes is the single most dangerous thing i can think of. at the rate this globe is going, theres going to be no growth and then what? are we going to raise rates as global GDPs are going backwards? no inflation? please. food, fuel, taxes, healthcare, housing, rents, ballgames, fuck look at the damn stock market with the SPY trading some 65% above their all-time highs - no inflation? what fucking planet are these people operating on. IF there was "no inflation" then "all that $$$ people were saving on the drop in gas prices" would have immediately went into discretionary spending because we are a nation of spenders/consumption. where did it go? report released today said 40-45% of it went to necessaties. what the fuck does that tell us? people are COMPLETELY strapped, living paycheck-to-paycheck, and as a result you get what we see in the consumer credit #'s every month - blistering debt in the BOTH the public & private sector.
so please federal reserve, go ahead and raise rates. break this shit already cuz thats exactly what they'll do. have an entire "generation" who have never even traded an interest rate increase and all these quants/algos have never read one. i can't fucking wait til the day the fed ACTUALLY raises 25 bps just to see what happens after 7 years of penting up this log-jam. not sure if i wanna be alive or dead for when it actually (if ever) occurs.
I've got the beer and chips ready for when they do finally raise rates. That show will be too good to miss.
<<there is a generation of kids coming out of college that are completely brainwashed. they actually think this shit is normal. the mispricing of risk by attempting to guarantee outcomes is the single most dangerous thing i can think of. at the rate this globe is going, theres going to be no growth and then what?>>
Reversion to mean. The peasants -- vast majority of the population, since forever -- have always been stupid about money, which is why they have traditionally been poor and powerless. The exception to that, which increasingly appears to be a historical anomaly, was the 20th century when the peasantry suddenly became more literate, educated, and informed than it had ever been... And, I guess, will ever be again. The elite liked it better before, and will no doubt do everything they can to revert back to mean and keep it that way. (Isn't that right, Cunts of Windsor?)
Don't know if that's a bad thing or a good thing. It's just the way it historically is. Maybe humans really aren't meant to evolve too far, too fast. Get used to being part of a stupid and oppressed peasantry again. I expect basic literacy will be the next to go.
We sent someone to the moon at the very peak of middle-class prosperity. I guess we'll always have that, at least until our elites indoctrinate that memory out of us too.
Or we could kill the handful of elites who are oppressing us, before they kill most of us in a population-reductive die-off... but that would be far too unsubservient, and the peasantry traditionally don't play that way. Most peasants, traditionally, prefer to trust and obey their betters, and turn their self-serving doctrines into religious (or educational) dogma.
The elites are happy, and the peasants are happy, as inconvenient truths get transformed into random and unexplained acts of God. Better get comfy. I find large quantities of alcohol helpful in this.
Keynes did actually speak some sense, love this one:-
A Saturday Evening Post reporter asked, in 1932, John Maynard Keynes if there had ever been anything like the Great Depression. Keynes replied, “Yes. It was called the Dark Ages and it lasted 400 years.”
Maybe a little prophetic?
Have tried reading Keynes' General theory? I did, several times, during last 20 years. Always I find just bunch of BULLSHIT. You can see his agenda written all over the pages written in white. He was the chosen to put down the lies for the banksters elite at that time. I'm astonished that a single man was enough. Today you have tousands of folks around the world practicing cult of some economic myths which is being recognized as SCIENCE financed by states and fucking independent central banks! What the fuck!
Have tried reading Keynes' General theory? I did, several times . . .
You definitely need to get out more often . . . .
And isn't it absolutely ironic that they spout their programming drivel at a contest highlighting David Ricardo, who in my opinion was the father of the Middle Class and a philiosopher of economic freedom during the transition from Fuedal land owenership to the rise of the independent mercantile class.
Dovie'andi se tovya sagain (It's time to toss the dice)
Got Karatbars?
We're in a lot of trouble
To endorse these sheeples, here is a video of the new age of US "debate" champion (posted by Peter Schiff). Yeah, they are the SYMBOL OF PROMISE FOR NATION.
https://www.youtube.com/watch?v=fmO-ziHU_D8
It is a little known fact that the Federal Reserve has tens of thousands of Keynesian economists on their monthly payroll to spew their ideology. This includes university professors, bank economists and anyone else who wishes to jump on the FED's payroll.
Once this current central-banker induced bubble in nearly every asset class implodes with interest rates at zero, the flaws in Keynesian economics will be exposed for all to see.
The very idea that the problem of too much debt being solved with even more debt to me in absolutely insane.
Sad days for Amerika. We are led by a president and group of congressional traitors literally for sale to the highest bidder.
Little ol Johnny Maynerd sure takes a lot of shit, but in his defense, im gonna point out that whatever the fuck our government has been practicing for the last 35 years, it isnt keynesian.
It's almost criminal that these young minds have been poisoned by economic professors who have been sanctioned by Central Banksters. If these young people (in the future) should do any independent research away from those approved liars, they will certainly be horrendously upset that they had paid so much for an education that simpy lied to them. Perhaps they'll just keep that to themselves, and take the money and keep on lyin', too. After all, the only reason things are so financially screwed up that it has been more profitable to lie, cheat and steal, than do anything else. It will come to an end, but no one knows when.
Kid: "I love Keynes because he spends money."
Other kid: "I just love Keynes."
Teacher: "Yeah I didn't have to do much."
Me: OMFG!
Me Again: We're fucking doomed.