Greece looking to the right for solutions ?

[Gipper]

anarchy or brutal dictatorshio just like Zimbabwe enjoys with Robert Mugabe.

Maybe.

I heard the other day that Greece imports over 40% of their food along with many other essentials. Now when they can no longer import essentials because leftist policies has made their currency worthless along with destroying the people's productive abilities, shit will hit the fan...and what results will be consequences of unrestrained leftism.

 

[dogtowner]

Maybe.

I heard the other day that Greece imports over 40% of their food along with many other essentials. Now when they can no longer import essentials because leftist policies has made their currency worthless along with destroying the people's productive abilities, shit will hit the fan...and what results will be consequences of unrestrained leftism.

Zimbabwe was the breadbasket to Africa till Mugabe seized the farms and turned them over to his cronies. they produce little now and have not been able to buuy food but the world is stupid enough to give it to them free so nothing changes.

 

[Aus22]

You have not study Keynes or History. Countries with surplus goods have to sell to somebody. Even it they have little credit Australia among others will sell food to Greece. The causes of The 1930's depression are well known. We have a recession at the moment in Europe and the USA which is a slowing down of economic growth. creating idle productive resources. It can lead to widespread or general unemployment and greatly reduced economic activity for a prolonged period which is a depression. Causes of the 1930s depression were reduction in personal consumption expenditure , this resulted in conservative governments in a reduction of current expenditure by public authorities this prolonged the depression. Keysian policy is to maintain aq steady rising scale of government expenditure to provide for the needs of an increasing population. This stimulates the economy even if the government goes into deficit spending. ( Nankervis Descriptive Economics, .
InGgermany this led to the rise of the National Socialists where patriotism had taken the form of shotting German workers. Hitler outbid the Communist and Nationalist in whipping up nationalist passion with the added attraction , for this nationalist passion would be turned against the German working class. The Course of German History by A. J>P Talylor.
The Nazies were roooted in Social darwinism and saw all life as a struggle. Therfore it needed enemies, Working People or Communists, Jew and people of other culture. This is documented in the Nazi Years Edited by Joachim Remak
This is too big a question here but there are parellels between the Nazies and the Tea Party. These policies it attempted in any country will cause the recession to become a depression

 

[GenSeneca]

Causes of the 1930s depression were reduction in personal consumption expenditure

That is the effect, not the cause.

this resulted in conservative governments in a reduction of current expenditure by public authorities this prolonged the depression.

FDR followed the Keynesian theory, massive public works projects, the creation of the welfare state, massive taxes and an explosion in government spending... It was following the Keynesian theory that prolonged the depression.

This stimulates the economy even if the government goes into deficit spending.

It's the equivilent of focusing on pouring as much water as possible into a leaky bucket rather than patching the hole.

InGgermany this led to the rise of the National Socialists where patriotism had taken the form of shotting German workers. Hitler outbid the Communist and Nationalist in whipping up nationalist passion with the added attraction , for this nationalist passion would be turned against the German working class.

NSDAP - National Socialist German Workers Party...

http://simple.wikipedia.org/wiki/NSDAP_25_points_manifesto

Apparently you haven't read that.

...there are parellels between the Nazies and the Tea Party.

You just went completely off the rails with that absurdity.

These policies it attempted in any country will cause the recession to become a depression

What policies? Those of the Tea Party - limited government, lower taxes, free markets, i.e. the Hayek model of free market economics - or the policies of the NSDAP, i.e. the Keynesian model you support?

 

[Aus22]

That is the effect, not the cause.

FDR followed the Keynesian theory, massive public works projects, the creation of the welfare state, massive taxes and an explosion in government spending... It was following the Keynesian theory that prolonged the depression.


It's the equivilent of focusing on pouring as much water as possible into a leaky bucket rather than patching the hole.


NSDAP - National Socialist German Workers Party...

http://simple.wikipedia.org/wiki/NSDAP_25_points_manifesto

Apparently you haven't read that.

You just went completely off the rails with that absurdity.


What policies? Those of the Tea Party - limited government, lower taxes, free markets, i.e. the Hayek model of free market economics - or the policies of the NSDAP, i.e. the Keynesian model you support?

Keynes economic theory was formulated after the Depression. FDR did not follow the increase government expenditure model correctly or completely. However the USA got out of the Depression long before Germany.

 

[dogtowner]

Keynes economic theory was formulated after the Depression. FDR did not follow the increase government expenditure model correctly or completely. However the USA got out of the Depression long before Germany.

nope, in fact Keynes met with FDR to push his ideas
the excuse for the 100% failure rate for Keynes is 'its never enough'

 

[Gipper]

However the USA got out of the Depression long before Germany.

Wrong again.

The US lingered in depression into 1942 thanks to the idiotic socialist policies of Stalin's Stooge, FDR. Germany under Fascism (really just another version of socialism), was at full employment and very productive as it built up it's war machine in the late 30s.

 

[Aus22]

nope, in fact Keynes met with FDR to push his ideas
the excuse for the 100% failure rate for Keynes is 'its never enough'

DogTower . the very article you quote says JOHN KENNETH GALBRAITH: Well, Keynes had a couple of conversations with Roosevelt, very famous, and they were deeply unsuccessful. Roosevelt’s system of thought did not extend to a conceptual notion of Keynesian economics. There were other people around Roosevelt, the most notable being Lauchlin Currie… who had read Keynes, and became abreast of Keynes.

Currie had even anticipated him to some extent, but the influence on the master was zero. Let me correct that. The influence was zero, but on the other hand, one of the advantages of zero was that any digit could be inserted. And while he didn’t accept Keynes as a doctrine, he didn’t resist it, either. He had no other system of economic thought [or] economic theory that excluded it.​

INTERVIEWER: Would you describe FDR as an instinctive Keynesian?​

JOHN KENNETH GALBRAITH: No, I would not describe him as that. I would describe him as an available Keynesian.""​

The article you quote from Mostly Economics states that Keynes had little influence on FDR. His ideas were not accepted during the depression. FDR was influenced by Colombia University economists. Tuchill, Mclay ans Adolf A Beale Jr. They were trained in Classical economics the only accept economic theory of the time.
John Kenneth Galbraith, like me , was a Keynesian economists.

 

[dogtowner]

DogTower . the very article you quote says JOHN KENNETH GALBRAITH: Well, Keynes had a couple of conversations with Roosevelt, very famous, and they were deeply unsuccessful. Roosevelt’s system of thought did not extend to a conceptual notion of Keynesian economics. There were other people around Roosevelt, the most notable being Lauchlin Currie… who had read Keynes, and became abreast of Keynes.

Currie had even anticipated him to some extent, but the influence on the master was zero. Let me correct that. The influence was zero, but on the other hand, one of the advantages of zero was that any digit could be inserted. And while he didn’t accept Keynes as a doctrine, he didn’t resist it, either. He had no other system of economic thought [or] economic theory that excluded it.​

INTERVIEWER: Would you describe FDR as an instinctive Keynesian?​

JOHN KENNETH GALBRAITH: No, I would not describe him as that. I would describe him as an available Keynesian.""​

The article you quote from Mostly Economics states that Keynes had little influence on FDR. His ideas were not accepted during the depression. FDR was influenced by Colombia University economists. Tuchill, Mclay ans Adolf A Beale Jr. They were trained in Classical economics the only accept economic theory of the time.
John Kenneth Galbraith, like me , was a Keynesian economists.

it was a conversation with Galbraith but the point was that you stated Keynes developed his theory after the crash. If that were so how is it that he was pitching them to FDR ?

 

[Aus22]

it was a conversation with Galbraith but the point was that you stated Keynes developed his theory after the crash. If that were so how is it that he was pitching them to FDR ?

Dogtower. I think I made my point clear. Keynes had ideas before the Depression but everybody ignore them . His ideas only become popular after the depression.

 

[Gipper]

Dogtower. I think I made my point clear. Keynes had ideas before the Depression but everybody ignore them . His ideas only become popular after the depression.

Whether FDR was advised by Keynes or not, is a meaningless argument. FDR choose big government policies and lots of government spending during the 1930s, which only prolonged the Great Depression and suffering for millions of Americans...and BO and Euros have done exactly the same thing with the exact same result....so, FDR in affect followed the foolish economic model laid out by the dumbass Keynes.

Keynes' policies are only POPULAR with leftists and idiots. Most Americans know this...

America's Best Days
64% Prefer a Government With Fewer Services and Lower Taxes

in politics​

Sunday, May 20, 2012​

Most voters continue to prefer a more hands-off government in return for lower taxes.
A new Rasmussen Reports national telephone survey finds that 64% of Likely U.S. Voters prefer a government with fewer services and lower taxes over one with more services and higher taxes. That's unchanged from last monthand consistent with findings in regular surveys since late 2006. Just 25% prefer a government with more services. Eleven percent (11%) are not sure which size government they prefer. (To see survey question wording, click here.)
(Want a free daily e-mail update? If it's in the news, it's in our polls). Rasmussen Reports updates are also available on Twitter or Facebook .
The national survey of 1,000 Likely Voters was conducted on May 16-17, 2012 by Rasmussen Reports. The margin of sampling error is +/- 3 percentage points with a 95% level of confidence. Fieldwork for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC . See methodology.
http://www.rasmussenreports.com/public_content/politics/mood_of_america/america_s_best_days

 

[dogtowner]

Dogtower. I think I made my point clear. Keynes had ideas before the Depression but everybody ignore them . His ideas only become popular after the depression.

No not clear at all for me ergo my response. Pretty clear why people ignored them though.

 

[Aus22]

Dogtower, Keynes was the accepted economic theory in almost every University from after the war to recent times. Eeven the G8 conference accepted the need for spending in some areas. See the New York Times.

 

[Aus22]

There is a ltter to the Editor in today"s Australian Herald Sun Newspaper that sums this up.

"The leaders of the eight most powerful nations came together to show some leadership in resolving the European debt crisis. Their resolution of more growth and less debt could have come from any VCE (college) students

A more detail of the American failure is in an article in Insights, Melbourne University Business and Economics Vol 11 April 2012 which can be read from my web site.Aus22.bigblog.com.au It is too long to summarize here.

 

[dogtowner]

Dogtower, Keynes was the accepted economic theory in almost every University from after the war to recent times. Eeven the G8 conference accepted the need for spending in some areas. See the New York Times.

all this in spite of the fact that it does not work, amazing huh ?