Popular Conservative Austerity argument Debunked?

[Kasz216]

ShinmenTakezo said:

Kasz216 said:

ShinmenTakezo said:

I think Keynes would have said the stimulus wasn't large enough. He would have also detested the way it was implemented. I don't think he would have rejected it though. He would have championed it (as long as it was real stimulus, not pork). He would have wanted it to go to infrastructure, which he believed fueled economic growth. That was the basis of his theory. It has also been proven correct. If it weren't for the stimulus, the country more than likely would have gone into a deppression. Though I will never be able to prove it. Though the fact is, things have been slowly getting better. I personally think we as a country need to get rid of the tried but completely untrue and failed trickle down economics and policies we employ. We need to realize that investing in our children and our selves is the best answer to our problems. Not making sure our CEO's have golden parachutes for when they eventually run their corporation into the ground.

I feel like you haven't read much Keynes....  read the above keynes primary sources.

According to Keynes "pork" works just fine.

According to Keynes "trickle down" economics work.

According to Keynes, stimulus will be useless if their is sufficent leakage in the form of trade deficit

I feel like you have no clue who Keynes was or what his economic theories were about. He definitely didn't believe in pork or trickle down economics. He was against those very things. He believed workers created demand, and when you put more money in workers hands, everyone wins. That is the total opposite of trickle down economics. He was for a free market with government regulation. He was for government intervention during economic crisis'. He also thought that some defecit was good. Keynes believed Stimulus was good as long as it was implemented properly. Keynes was a liberal.

In this thread i've cited directly from Keynes work and posted specifically two essays written directly by Keynes.

Would you care to post directly cited quotes from Keynes work that mention that pork doesn't work and that he was against tax cuts for the wealthy?

For I specifically posted works and quotes where he supported both.

To Keynes ANY Stimulus spending worked so long as it was financed by debt.  Being pork was irrelevent since it still had the same multipliers if financed by debt.   It was the same when it came to trickle down economics.   Tax cuts for the rich were defacto stimulus spending since it increased the Rich's buying power at thet expense of the debt.

 

The only things Keynes was against were Trade Deficits, Excessive Trade surplusses (as they would cause war) and a raising of taxes/cutting of spending... when in times of depression and trade suprluses.

 

To him all debt= equally good stimulus.