Forum
Keynes vs Hayek
|
earthship65 wrote
at 4:06 PM, Thursday April 28, 2011 EDT
my 2 new fav youtube videos
http://www.youtube.com/watch?v=d0nERTFo-Sk http://www.youtube.com/watch?v=GTQnarzmTOc&feature=mfu_in_order&list=UL |
Replies 1 - 6 of 6
|
deadcode wrote
at 9:33 PM, Thursday April 28, 2011 EDT Simply amazing
|
|
Boner Oiler wrote
at 10:03 PM, Thursday April 28, 2011 EDT I liked it, my one objection was the focus on debt. Public debt is created when you don't raise taxes during boom. Raising the top tax rate to 90% during boom is supposed to pay for all the public spending during bust. So the fact that governments that abandon these principles find themselves in debt and unable to spend effectively during bust shouldn't be a surprise to anyone.
Still I have great respect for Hayek. I especially enjoyed skimming his essay "Why I am not a Conservative" where he disparaged conservatives for not understand his principles. |
|
|
WHERE DA GOLD AT wrote
at 10:07 PM, Thursday April 28, 2011 EDT liked it, my one objection was the focus on debt. Public debt is created when you don't raise taxes during boom. Raising the top tax rate to 90% during boom is supposed to pay for all the public spending during bust. So the fact that governments that abandon these principles find themselves in debt and unable to spend effectively during bust shouldn't be a surprise to anyone.
Still I have great respect for Hayek. I especially enjoyed skimming his essay "Why I am not a Conservative" where he disparaged conservatives for not understand his principles. |
|
|
Boner Oiler wrote
at 10:11 PM, Thursday April 28, 2011 EDT What the fuck?
|
|
|
WHERE DA GOLD AT wrote
at 10:49 PM, Thursday April 28, 2011 EDT What the fuck?
|
|
Randomperfection wrote
at 12:40 AM, Friday April 29, 2011 EDT ALT REVEALED!
|
