Kasz216 said:
Well actually to be fair.... If you told John Maynard Keynes was alive now, and you told him you wanted to raise taxes on the rich, he'd probably slap the shit out of you. Tax increases should only ever come when the economy was is booming. Obama has essentially moved from Keynsian economics too... I don't even know what you'd call it. The only term i could come up with is Neo-Liberal fantasy economics... and well, that's just insulting. I can't think of a single economic theory that would support his debt ceiling negotiations position for example. I feel like this might deserve it's own thread... but i'm not good enough to create a borderline trolling OP that generates discussion. |
Actually, "tax the rich" ends up coming up because of a push to balance the budget. I am sure Keynes would say now that focus is insane (I believe Krugman says the same thing). Keynes would say stoke the stimulus like mad to get the economy going.
There are few, if any, economists who would advocate anything in the fiscal cliff at this point actually. They would NOT say to do budget cuts now, and would not advocate budget cuts either.
Actually, it does deserve its own thread. Badgenome went off and brought that in here, and I was trying to say that Keynsian economics, in some form, is the baseline everyone operates out of these days. It is taken for granted as right.
