| Chronology | Current Month | Current Thread | Current Date |
| [Year List] [Month List (current year)] | [Date Index] [Thread Index] | [Thread Prev] [Thread Next] | [Date Prev] [Date Next] |
As science types, let's not make claims that need qualification, and
not include that qualification. If what you mean by mainstream
economists is Keynesian economists, then your claim is correct. There
are an equal number of qualified economists who realize that Keynesian
economics has failed every time it's been tried, and you are not
including those people in your statement. We are in danger of what has
been called a Keynesian death spiral, in which the government
stimulates the economy ad nauseum. There has to be a rebound when the
funds run out, and then the government has to spend even more money.
The only way out of that is to spend even more money, and eventually,
you have to come out of the hole you have dug. FDR gets much credit
for having saved the country, but there are plenty of economic
scholars who believe that FDR only prolonged the depression with his
massive government spending. There is no way to get out of a recession
or a depression without pain, but the question is, which way is the
quickest way out? Keynesian economics is absurd at its face, that you
can spend your way out of a recession. That especially applies to
government spending, where waste is commonplace. Why does it make
sense to take one person's money and give it to another, all the while
taking a massive cut for yourself? That's what the government does.
Better, maybe, to let the transactions take place without the
government being involved?
I know this post doesn't belong on this list, but politics always seem
to creep in. I've said what I intend to say, and will not post further
on this.
.
Bill