#Keynesian

John_Hempton

John_Hempton

Why not stagflation?The 1960s were a sign of endless trust in Keynesian expansion to the extent that Milton Friedman could say of Richard Nixon "everyone is a Keynesian now".The 2010s

Steve Campbell

Historian_Steve

Do your lectures ever leave you sad? The promise of supply side economics was that if we cut taxes, undermined labor unions, and deregulated industry, we'd have more jobs, more

Gabriel Mathy

gabriel_mathy

My view of Keynes's vision of the economy in the General theory is that one person's income is another person's spending and one's spending is another's income. That means that

Jacques Bannon

neoliberal_dad

One of the reasons that tech seems comparatively more progressive on things like wages and UBI and is more friendly to Keynesian stimulus is that instead of feeling entitled to

Stephanie Kelton

StephanieKelton

If MMTers were just doing standard Keynesian macro, then we would not have arrived at completely different conclusions (from mainstream Keynesians) re: the Bush tax cuts, the Clinton surpluses, the

Blogger Me

BloggerMe3

Let's get one thing straight, right now, OK? #JohnMaynardKeynes was not a #socialist. He was a conservative economist called upon to develop govt policy during the Great WWI 1917 &

Michael Pettis

michaelxpettis

1/8This WSJ editorial makes an interesting but misleading point : It quotes "a former U.S. President" as saying: “The tax on capital gains directly affects investment decisions, the mobility and

Ben Moll

ben_moll

Want some insight into the evolution of macro but weren’t around in the 70s & 80s?Read Tom Sargent’s 1979/1987 “Macroeconomic Theory” (1st/2nd edn). h/t @GregWKaplan for recommending it!Intro and ToC:

EXPOSING THE MONEY LENDERS

f_the_fed

Police to kill more blacks than whites percentage-wise. However, blacks are also far more likely to get into confrontations with Police, so that increases the risk of escalation. I don't

Brian M

iambriian

one thing people need to realize is that “(keynesian) liberals” and “conservatives” both belong to the liberal democratic political tradition another thing people need to realize is that neoliberalism and

alnfrngtn

allenf32

WRONGwe can all save more, because that creates real leverage, which creates real finance, which creates real investment, which creates real growth, which creates real wealth, which creates real jobs,

not not anna

notnotanna

since everyone asked i’m making a thread of memes that shit on Keynesian economics (this is my true calling in life)

Paul Holland

Paul_Hol1000

I'd argue FOA didn't foresee the rise of a neo Keynesian ideology which has changed everything. cc @FOFOA999 " I for one, have never heard any official voice his

Luca Fornaro

LucaFornaro3

Hysteresis strikes back! The view that deep recessions may damage future productive capacity, e.g. by leading firms to reduce investment in innovation, is gaining more and more traction in the

Bachman

ElonBachman

Under the guise of fighting monopoly, FDR created vast new monopolies: FDR's new cartels (which ossified commerce in the middle of a depression) were explicitly modeled after Mussolini: A curiosity

Mohamed Abazeed, MD, PhD

theabzlab

I think you raise important points. I haven’t been in the weeds on this but I generally agree that aggregate demand for our specialty (like others) is cyclical and that