“Demand creates its own supply”

Nope. I'm not a Keynesian.

The entire world will see how wrong he was.

>t. argentinean with 50% yearly inflation.

Even Republicans are embracing shock-and-awe stimulus and trickle-up checks in the mail
total capitulation

Fucking this
Die regeanite
It's not corona virus that's causing this it's the Saudi oil dump causing a MASSIVE demand for USD and thus the supply is being made to sate a market hungry for cheap and sweet sweet crude.

>Keynesian policies created a massive market crash
>This proves Keynes was right

Trump does. I’m surprised he didn’t do trickle down test kits.

>I’m not a Keynesian

Right. You’re retarded.

>except corrupt politicians
Trump is paid to believe in trickle down economics.

Funny how every time this stuff happens, all the free market types are screaming for stimulus and bailouts.

Really makes you think.

No u.

Supply side economics are necessary for limited or semi-limited resources like minerals and forest products. You can't catch up with demand if it means depleting your entire supply and not being able to replenish it. With those cases, everything is built around the supply while trying to accommodate the demand.

What about rural retards who shill for billionaire tax cuts, aka the Republican Party?

K. Let me know how doing nothing goes.

Oh wait we already do- it’s called the Great Depression.

I'll take resource scarcity for 500.

Economist Thomas Sowell recently challenged the Great Myth of FDR and the Great Depression.

No economic downturn in all those years ever lasted as long as the Great Depression of the 1930s, when both the Federal Reserve and the administrations of Hoover and of FDR intervened.

The myth that has come down to us says that the government had to intervene when there was mass unemployment in the 1930s. But the hard data show that there was no mass unemployment until after the federal government intervened. Yet, once having intervened, it was politically impossible to stop and let the economy recover on its own. That was the fundamental problem then -- and now

garynorth.com/public/7978.cfm

You can't increase demand without increasing supply. Printing money just allows the first people who get the money to buy more than everyone else. Inflation is a form of taxation.

in order to demand, one must produce

And the people who get the money first tend to be more wealthy so technically it's a tax on the poor, transferring wealth from them to the first holders of the newly created (out of thin air) credit

You can’t just give people resources and expect them to be productive retart

Are we having this conversation again?

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They did this same exact thing during W's last year too. It wasn't until Obama was in the White House that they started crying about debt, Keynesianism, and bailouts constantly.

Saying Hayek is an economist is like saying that drunk hobo by your work is.

Republicans never met a war, foreign aid package, corporate bailout or entitlements cut they didn’t like. The idea that they are fiscally conservative is a joke.

>the guy won a fucking Nobel Prize
I agree he was better at political philosophy, but you don't have to like him to know he was one of the greatest of his century. Even Douglass North said he was the "most interesting economist of the XXth century" or something like this.

Interesting =/= good, and Noble prizes don’t mean shit. Austrian “”””””””””””””””economics””””””””””””””” is a complete joke and I instantly disregard whoever advocates it, as does anyone serious.

Probably the smartest post ever made on Yas Forums.

>Interesting =/= good,
And?
>Noble prizes don’t mean shit.
Agree, but Nobel Prizes are the greatest prize that an economist can get.
>Austrian economics is a complete joke and I instantly disregard whoever advocates it, as does anyone serious.
It depends on what you understand as "Austrian" economics. The Rothbardian tradition is Marxism tier garbage but if Hayek is right the mainstream just have to adjust its course.

oh he was VERY wrong

*no source*

Come here to Argentina and see it for yourself.

Keynes has destroyed us , left and right are keynsians and we are poorer every year that goes.

Supply is not matching demand ,not even in things like housing mind you but on things like food.
The quality of everything is going to shit in order to mantain low pricing with less industrial capacity to deal with the growing demand.

Keynes never studied economics , he was a good mathematicians tough.

>burn through limited resources with no goal other than to drive demand

yeah that's capitalism dickhead. do you think there's any higher purpose to this?

It depends on when you use it. For episodes like this, when the economy is "frozen" but infrastructure and workers remain intact but simply can't move Keynesian economics make sense. There is no point in letting the economy go bad then the pandemic will be over in a few months.

In 08' we shouldn't have used it. The banks should've burned and we as civilians should've dealt with the resulting depression. Everyone should've been punished.

Just wait until they call you nigger and pretend that justifies their shitty theory.

Huh? Austrian schoolers are not screaming for bailouts.

capitalism is where the only way to get someone elses wealth is to exchange value for it. Because you don't have a legal right to anyone elses wealth

keynesianism is taking everyones wealth so they can't stop working so to maximise their productivity

gtfo discordtrannies reeeeeeeeeeeeee

Lot of dumb Raegan boot lickers' in my area...

wtf does this even mean

keynesian monetary policy makes people poor to minimize the unemployment rate

making it illegal to own gold from 1933 to 1974 and stealing the wealth of everyones salary and savings is not compatible with capitalism

Only Marxism + MMT will save us now.
The Fed is printing money that will do nothing except tickle the market. Keynesianism is a dead meme. Neoclassical was never even a meme, it's schizoid delusions

the end of all socialist nations is the only thing that can save us

Neoclassical was always a scam, read this pdf

Yeah if only Cuba would stop being socialist, all our problems would disappear. Somehow.

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the fed was established because of the german imperialists then we had the national socialists, the ussr and now we have communist china.
The nature of socialism is that it needs to expand or die, their economies can't reach equilibrium because they don't allow their people to accumulate wealth they're in a constant state of not having enough.

Retard, why don't you fucking read a book. Marxism is primarily about how capitalism works. MMT is chartalism.
If you don't know how the system works, you're just pressing buttons and pulling levers at random. Exactly what the Fed is doing now.

As per usual, rightoids showcase their ignorance. You do realize that the CPC has a large team of Marxists working round the clock to guide the economy. Meanwhile, America has prayer circles and voodoo austrian magic to guide their decisions. This isn't about "teams". I'm not Chinese, I'll get fucked when America looses it's hegemony, but I'm also not retarded and I know precisely why that will happen.

mmt is not capitalism the usa hasn't been a capitalist nation since 1913
>Marxists working round the clock to guide the economy.
marxism is not capitalism
>This isn't about "teams".
no it's about life. Socialism is where you can't own anything your life is determined by some 3rd party authority. I would rather die than not be able to control the outcome of my life

Yes it was bad enough to deal with left wing keynsians but lately the right wing keynsians have become even worse because they are also state worshipers but the worse type of state worshippers the ones that will justify a cop shutting someone in the back 30 times by accident.

Honestly it's like all the 2016 momentum ended the moment the faggots entered to work for the state and now they are shills for muh law , muh regulations and keynsianism.

They shill for lower taxation then for high deficits it's insane almost as if the left wing brainwashed them to create a disaster that will move the pendulum to the left so hard that it won't be reversible for a long time.

There is always unlimited demand

Nothing will save you now, the system is broken the usa being a reserve currency has become a curse for everyone even burgers.
The usa will be deindustrialized due to how low international wages are going to be relative to burgers and this will also hurt burgers as even services are outsourced at a high speed.

Clown world , keynes may have been an evil shill but if his international trade ideas would have been implemented the world would probably be better.
I understand why they did not with the cold war and the us military being so important stopping communism.

But in retrospective it was a massive mistake.

>Marxism + MMT
What are you smoking? MMT is about as far from Marx and his dumbass Labor Theory of Value as you can get.

>that's not capitalism
ridiculously wrong.
read wealth of nations

>dumbass LTV
what do you even replace it with? It's been verified empirically, too.
>MMT is far from Marx
Meh, some parts, perhaps. MMTers that deny the LTV are retarded, but their ideas of how fiat works are overall correct.

>he thinks this is random
lel

it's not. all you have is semantic arguments about ownership like any communist.
A private bank taking peoples wealth without their consent towards the goal of maximising their productivity is not capitalism.
It is also completely unconstitutional.
But there will be no end to it until all the socialists are defeated.
The only reason the fed exists is because the only option foreign socialists have is war their economies are bubbles, they are the manifestation of evil.

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>Marxism
And how the ever living fuck would you manage to maintain full employment let alone implement it in our modern times?

Not random, very misguided. They are tanking their own economy. They don't see the big picture and they won't be able to rescue the economy.

We could be seeing the end of American hegemony because burgers refused to accept theory that came from a scary communist and would rather believe in neoclassical and keynesian blood rituals. Feels > reals will again be the cause of millions of deaths, and my money will become worthless. At least the bourgeois porkies will also lose a shit ton of wealth.

what books have you read? This is schizo tier, completely departed from anything considered leftist and any leftist economics.

>We could be seeing the end of American hegemon
this is ww3 and you socialists will lose that like you've lost every other war

No way, desu. Maybe China could do it. The west is absolutely fucked.

Rest assured, the Chinese economy is suffering just much if not more from their own economic halt and the suffering of their clients. The US is diversified and will emerge from the pain victorious again as they’ve done before, it’s actually better to have lame ducks at the top while the private sector figures things out on its own.