Saturday, February 11, 2012

On Keynesian Economics 2

Now, is this to say that government spending CAN'T help an economy to recover? Nope, it doesn't mean that at all. It just means that we have to shift our paradigm a trifle. Instead of thinking of government spending as something which "primes the pump", you think of it more as something (done intelligently, of course) which gives us a competitive edge...............................................................................................I.E., we invest in such things as infrastructure (I like the Kerry-Hutchinson proposal of an investment bank, myself) and charter schools in an effort to entice prospective investors to build and do business here (this, as opposed to spending willy-nilly, placating the teachers unions, etc.). I mean, I know that it's kind of a subtle distinction (this, as opposed to a full-throated denunciation of Keynes) that I'm making here and all but I also think that it's an important one; intelligent and targeted spending as opposed to this pissing in the desert approach of fellas' like Krugman.
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7 comments:

  1. Les CarpenterFebruary 11, 2012 at 10:45 PM

    Or we begin to face reality from a different perspective.

    http://www.econstrat.org/index.php?option=com_content&task=view&id=19&Itemid=1

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  2. The Prophet Dervish Z SandersFebruary 12, 2012 at 8:27 AM

    Reality from a different perspective = Libertarian fantasy

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  3. Will "take no prisoners" HartFebruary 12, 2012 at 10:09 AM

    The book that Les referenced doesn't sound like a libertarian screed in the least bit, wd. But, sure, go ahead and level a cheap shot at him.

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  4. Les CarpenterFebruary 12, 2012 at 4:43 PM

    wd - YOU'RE DELUSIONAL, you have now confirmed that which reasonable and rational people knew all along.

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  5. The Prophet Dervish Z SandersFebruary 12, 2012 at 5:03 PM

    How do you think I confirmed that I'm delusional? Also, who are you to speak for reasonable and rational people? I know you selected the moniker "Rational Nation", but I thought that was meant ironically.

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  6. The Prophet Dervish Z SandersFebruary 13, 2012 at 7:20 AM

    Will: ...as opposed to this pissing in the desert approach of fellas' like Krugman.

    I've never read anything by Paul Krugman that suggested this was his approach. What's your proof?

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  7. Will "take no prisoners" HartFebruary 13, 2012 at 2:53 PM

    I've never heard him critical of ANY spending, ANY SPENDING (well, maybe military)! I mean, my God, the frigging guys bows to the God of consumption, for Christ!

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