Failure to recognize J. M. Keynes's work guarantees further crises (the-tls.co.uk) 5 points by vo2maxer 6y ago ↗ HN
[–] miles 6y ago ↗ On the contrary; it is our slavish devotion to Keynesianism that promises a continued future of boom and bust cycles:Keynes vs. Hayek, Round 1 & 2:https://youtube.com/watch?v=d0nERTFo-Skhttps://youtube.com/watch?v=GTQnarzmTOc
[–] Unsimplified 6y ago ↗ High unemployment means that people with money are buying too slowly and/or too non-uniformly.The responsibility to spend money quickly/uniformly falls intuitively on the rich, and thoughtfully also with the poor. Everyone, truly.This is the fundamental monetary-macroeconomic problem. How to guarantee the flow of money through everyone.
2 comments
[ 2.9 ms ] story [ 27.0 ms ] threadKeynes vs. Hayek, Round 1 & 2:
https://youtube.com/watch?v=d0nERTFo-Sk
https://youtube.com/watch?v=GTQnarzmTOc
The responsibility to spend money quickly/uniformly falls intuitively on the rich, and thoughtfully also with the poor. Everyone, truly.
This is the fundamental monetary-macroeconomic problem. How to guarantee the flow of money through everyone.