Dec 08, 2012, 03:15 AM
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United States, CA, SF
Joined Sep 2011
333 Posts
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Quote:
Originally Posted by billyzelsnack
Fokker Ace. He will not answer your question.
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Because it's a dumb question built on a false premise. I've already posted by point of view on the answer to that question anyways. Maybe one day you'll actually understand articles like this one:
http://krugman.blogs.nytimes.com/201...-mirror-image/
Quote:
This is wrong on multiple levels. First of all, while conservatives see smaller government as an end in itself, liberals don’t see bigger government the same way. Think about it: while you often see conservatives crow about, say, reducing discretionary spending as a good thing just because the number is down, do you ever see liberals crowing about a rise in spending, never mind what on? Liberals want government to do certain things, like provide essential health care; the size of government per se isn’t the objective.
Second, Keynesianism is not and never has been about promoting bigger government. Outside the US, this is obvious: there have been Tory Keynesians in Britain, the Germans favor both a big welfare state with heavy regulation and balanced budgets. Even in the US, when the political heat isn’t so intense, you find conservative economists promoting quite Keynesian views of stabilization policy — Greg Mankiw is the editor of two volumes on New Keynesian Economics, and the Bushies were quite happy to argue for tax cuts as a way to boost spending.
What is true is that some conservatives in America have always opposed Keynesian thought because they believe it legitimizes an active role for government — but that’s not what Keynesianism is about, and not the reason I or others support it.
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