Thought you might find this article interesting:
10/12/2006 1:23:40 AM
This is simply the classic debate between the supply-side theorists and the demand-side theorists. One can pick a side and make a convincing argument either way. By the way, I happen to support supply-side economics and the Laffer curve, which are at odds with the Keynesians.The ‘80s were great years for students of economics. It was a fun and prosperous period, too.http://www.nationalreview.com/arsenal/arsenal.shtml This article reminds me of my economics courses and the dreaded Keynesian cross. (Shiver.)http://internationalecon.com/v1.0/Finance/ch50/F50-7.html [Edited on October 12, 2006 at 3:53 AM. Reason : .]
10/12/2006 3:52:32 AM
Jsut so we're clear...you're bringing that in here as if THAT guy isn't a wannabe economist?Also, its not like we don't know Keynesian economics has its problems. Shit, we should all be bowing to Hayek anyway. And this guy is hardly talking economics in this blog. He takes a pop shot at positive economics and then he moves directly into normative economics (if you can even call it that)
10/12/2006 7:24:07 AM
I don't have time right now, but the fella that wrote that is oversimplifying and then mistaking cause and effect. I'll be back this evening to comment further.
10/12/2006 12:01:09 PM
Oh shit pryderi, you're going to get an econ lesson now son.I don't even know econ like Loneshark knows econ and I graduated with a 4.0 in econ.
10/12/2006 12:06:27 PM
Lonesnark doesn't know econLonesnark knows crazy
10/12/2006 7:14:55 PM
Lonesnark knows words words words words
10/12/2006 7:48:27 PM
eh I've taken two classes in my applied math masters that were basically Theory of Economics I and II.. based on what I've learned there I've always agreed with Loneshark. Except when he showed to me I was mistaken about something and backed it up with evidence I could understand and relate to my mathematical knowledge.
10/12/2006 9:22:23 PM
Lavim, you're correct.Loneshark knows his stuff far better than I do, even though I studied it for 4 years. I don't know where he gets his stuff from, but I'd say he's taken a good deal of econ at high levels.
10/13/2006 7:15:43 AM
I'm not sure I should respond as it seems expectations are exceeding, but I will try. As most of these points have been covered by me before I will only respond to those in-which I feel more should be said. Of course, a lot of this has been copied and pasted from my other writings, so it may not flow properly.
10/13/2006 11:57:53 AM
now that ladies and gents is soapbox pwnage...
10/13/2006 12:07:56 PM