Main Menu

A or B?

Started by Svengoolie 3, July 26, 2018, 05:00:55 AM

Previous topic - Next topic

Svengoolie 3

Quote from: Dark Alex on August 27, 2018, 05:24:49 AM
Quote from: Svengoolie 3 on August 26, 2018, 10:38:07 PM
Classical economics.  Since conservapedia favors Keynesian economics anything else Must be better.
A. Tablet.  B.  Phablet


That's interesting. Normally right wing groups prefer Classical economics as it benefits the few over the many, while Keynesian economics involves spending lots of money on lots on civil projects and wellfare projects, but normally leads to high inflation (basically its tax and spend), which in the UK at least anyway is traditionally a left wing policy.

The conservative God Reagan (SPIT!)  used Keynesian ideas is his djsasterous economic plan so bow Keynesian economics is OK with do servatovesas long as it helped the few at the expense of the many.
The doctor that circumcised Trump threw away the wrong piece.

Alex

Quote from: Svengoolie 3 on August 27, 2018, 06:03:21 AM
Quote from: Dark Alex on August 27, 2018, 05:24:49 AM
Quote from: Svengoolie 3 on August 26, 2018, 10:38:07 PM
Classical economics.  Since conservapedia favors Keynesian economics anything else Must be better.
A. Tablet.  B.  Phablet


That's interesting. Normally right wing groups prefer Classical economics as it benefits the few over the many, while Keynesian economics involves spending lots of money on lots on civil projects and wellfare projects, but normally leads to high inflation (basically its tax and spend), which in the UK at least anyway is traditionally a left wing policy.

The conservative God Reagan (SPIT!)  used Keynesian ideas is his djsasterous economic plan so bow Keynesian economics is OK with do servatovesas long as it helped the few at the expense of the many.


I don't know where you are getting your information from on economics but the idea that Reagan used Keynesian economic policy is... well I'll be polite and say laughable. While there are sources that say he did, if you know what the difference between them are it just doesn't stand up to even cursory scrutiny. He relied on trickle down economics which is a core part of Classical economic policy. While Reagan may used parts of Keynesian policy he did not engage in it fully (or even to any noticable degree), or you would have seen much higher taxes across the board as well as greatly increased government intervention on how business is run run whereas instead he removed price controls and gave business more a free reign (again a core part of Classical economics). Using a few little parts of Keynesian but many parts of Classical does not make a Keynesian economic policy regardless of who claims it does. The result of these policy's would had led to inflation rather than the so called stagflation that resulted from how he ran things.

Quote
Prior to the Reagan administration, the United States economy experienced a decade of high unemployment and persistently high inflation (known as stagflation). Attacks on Keynesian economic orthodoxy as well as empirical economic models such as the Phillips Curve grew. Political pressure favored stimulus resulting in an expansion of the money supply.

So when Reagan came to power, Keynesian economics had lost popularity and credibility in the US.

Quote
In his 1980 campaign speeches, Reagan presented his economic proposals as a return to the free enterprise principles, free market economy that had been in favor before the Great Depression and FDR's New Deal policies. At the same time he attracted a following from the supply-side economics movement, which formed in opposition to Keynesian demand-stimulus economics. This movement produced some of the strongest supporters for Reagan's policies during his term in office.

The contention of the proponents, that the tax rate cuts would more than cover any increases in federal debt, was influenced by a theoretical taxation model based on the elasticity of tax rates, known as the Laffer curve. Arthur Laffer's model predicts that excessive tax rates actually reduce potential tax revenues, by lowering the incentive to produce; the model also predicts that insufficient tax rates (rates below the optimum level for a given economy) lead directly to a reduction in tax revenues.

This is all Classical.

Quote
According to William A. Niskanen, one of the architects of Reaganomics, "Reagan delivered on each of his four major policy objectives, although not to the extent that he and his supporters had hoped", and notes that the most substantial change was in the tax code, where the top marginal individual income tax rate fell from 70.1% to 28.4%, and there was a "major reversal in the tax treatment of business income", with effect of "reducing the tax bias among types of investment but increasing the average effective tax rate on new investment". Roger Porter, another architect of the program, acknowledges that the program was weakened by the many hands that changed the President's calculus, such as Congress. President Reagan raised taxes eleven times over the course of his presidency, but the overall tax burden went down during his presidency. According to Paul Krugman, "Over all, the 1982 tax increase undid about a third of the 1981 cut; as a share of GDP, the increase was substantially larger than Mr. Clinton's 1993 tax increase." According to historian and domestic policy adviser Bruce Bartlett, Reagan's tax increases over the course of his presidency took back half of the 1981 tax cut. Though since the Reagan tax reductions, top marginal tax rates have remained lower than at any point in US history since 1931, when the top marginal rate was raised from 25% to 63%.

Pure Classical. No Keynesian principals in sight.
Hail to thyself
For I am my own master
I am my own god
I require no shepherd
For I am no sheep.

Svengoolie 3

It figures. That. Conservapedia would get it wrong.  I recall looking up something there a d before I bad to. Leave to go vomit I saw it referred to some people believing in socialist ideas rather than sound keynesian economics.

But enough derailing.
The doctor that circumcised Trump threw away the wrong piece.

Pacman000

A) Tablet. Easier to draw on. Phablets are poor phones, too big for my pocket, & too small to draw on.

A) Pencil
B) Pen

ER

B. Pen, even though what's written in pencil endures longer.

A. Say Vincent "Van Go" like almost everyone else, even though it's wrong

Or

B. Say Vincent "Van Goff" like you're supposed to and endure weird looks?
What does not kill me makes me stranger.

Pacman000

A) It's not even wrong; it's simply a by product of a world with multiple languages.

A) Paper
B) Plastic

Svengoolie 3

Paper where Practical.

A.  Smith & Wesson  B.  Heckler & Koch
The doctor that circumcised Trump threw away the wrong piece.

Ticonderoga 64

Smith & Wesson

A) 80's New Wave

B) 90's Grunge

Svengoolie 3

Talk about ''choose your pain''.

80's new wave.

A.  The rock.  B. Vin diesel.
The doctor that circumcised Trump threw away the wrong piece.

Alex

The Rock hands down.


A) Trump   B) Nixon
Hail to thyself
For I am my own master
I am my own god
I require no shepherd
For I am no sheep.

indianasmith

Nixon.  He had a lifetime of significant and meaningful contributions to this country before he screwed up.

A.  Bloom County
B.  Get Fuzzy
"I shall smite you in the nostrils with a rod of iron, and wax your spleen with Efferdent!!"

Svengoolie 3

Quote from: indianasmith on August 28, 2018, 06:52:19 AM
Nixon.  He had a lifetime of significant and meaningful contributions to this country before he screwed up.

A.  Bloom County
B.  Get Fuzzy

I'm with you on this brother.

Bloom county. I wanna move there but can't find in on Google earth!  BTW did you know that Charlie sheen based his 2 and a half men character on Steve?

A.  Outer limits.  B. Twilight zone.
The doctor that circumcised Trump threw away the wrong piece.

RCMerchant

B. Twilight Zone
Though Outer Limits had cooler monsters, the Twilight Zone had Rod Serling.

A. Fried eggs or B. Scrambled eggs
Supernatural?...perhaps. Baloney?...Perhaps not!" Bela Lugosi-the BLACK CAT (1934)
Interviewer-"Does Dracula ever end for you?
Lugosi-"No. Dracula-never ends."
Slobber, Drool, Drip!
https://www.tumblr.com/ronmerchant

Allhallowsday

Scrambled. 

a. pretzels
b. corn chips
If you want to view paradise . . . simply look around and view it!

RCMerchant

Quote from: Allhallowsday on August 28, 2018, 09:03:55 AM
Scrambled. 

a. pretzels
b. corn chips

Pretzels. Preferably the big, soft ones with lotsa salt and mustard.

A. Cats or B. Dogs.
Supernatural?...perhaps. Baloney?...Perhaps not!" Bela Lugosi-the BLACK CAT (1934)
Interviewer-"Does Dracula ever end for you?
Lugosi-"No. Dracula-never ends."
Slobber, Drool, Drip!
https://www.tumblr.com/ronmerchant