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starflower7 
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 Posted: Nov 21 2012 at 4:32pm |
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Y'all are making me feel really dumb right now.
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Junior Jr
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Posted: Nov 21 2012 at 4:33pm |
don't let it. it's actually fairly easy to understand with a little research.
jr.
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eanaj5
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Posted: Nov 21 2012 at 4:48pm |
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politics is boring
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ThoughtCouture
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Posted: Nov 21 2012 at 4:53pm |
 Junior Jr wrote:
if the neoclassical mathematical approach is effective, why did the austrian school see the 2008 economic collapse but the math-using keynesian neoclassicals didn't?
jr. |
keen saw it coming. he actually does uses math models. but obviously you didn't watch the video. brainwashed much? Austrian economist seem retarded to me... 
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Junior Jr
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Posted: Nov 21 2012 at 5:10pm |
ThoughtCouture wrote:
keen saw it coming. he actually does uses math models. but obviously you didn't watch the video. brainwashed much?
Austrian economist seem retarded to me... |
i'm reading Keen's work and he's solid. brilliant! thank you for putting me onto him (pause). but i'm wondering.....why are you supporting him when he's for deregulation? 
he's following the same path that former keynesians followed to the austrian school...but he's bringing, cool but not necessary, mathematics to it
and pls quit with the licky tounge smiley 
jr.
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ThoughtCouture
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Posted: Nov 21 2012 at 5:12pm |
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neoclassical mainstream economists use flawed math models which is why they were unable to predict the 2008 collapse. the mathematical models they employ rely on wild behavioral assumptions and ignore the effect banking/thin air debt has on the system.
free markets have never worked for "the people". and even if you want to site the industrial revolution as you have over and over again...i will laugh directly in your face. because you seem to ignore all the HELL "the people" had to endure before the market so called went back to equilibrium after how many years and years and years? decades and decade????? boy bye.
austrian economics is not based on any sort of science rather hunches that don't make any sense. get rid of ALL corp reg and everything will just work itself out...foh. i refuse to take you seriously when your economic hunches are based on wanna be economic "not" theories.
Edited by ThoughtCouture - Nov 21 2012 at 5:16pm
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rickysrose
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Posted: Nov 21 2012 at 5:12pm |
Yes it worked for Rockefeller and his fellow oligarchs
not so much for the other companies coming up ... they were stamped out with coercion, collusion, price fixing, scare tactics, supply manipulation, etc
the very things that the free market is supposed to resolve in "theory" but without regulation, the free market feeds these practices
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ThoughtCouture
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Posted: Nov 21 2012 at 5:14pm |
i have never said i was 100% against deregulation. but your total free market bs is just that bs. and i will use whatever smiley i please in this free market.
Edited by ThoughtCouture - Nov 21 2012 at 5:15pm
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Junior Jr
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Posted: Nov 21 2012 at 5:20pm |
ThoughtCouture wrote:
neoclassical mainstream economists use flawed math models which is why they were unable to predict the 2008 collapse. the mathematical models they employ rely on wild behavioral assumptions and ignore the effect banking/thin air debt has on the system.
free markets have never worked for "the people". and even if you want to site the industrial revolution as you have over and over again...i will laugh directly in your face. because you seem to ignore all the HELL "the people" had to endure before the market so called went back to equilibrium after how many years and years and years? decades and decade????? boy bye.
austrian economics is not based on any sort of science rather hunches that don't make any sense. get rid of ALL corp reg and everything will just work itself out...foh. i refuse to take you seriously when your economic hunches are bases wanna be economic "not" theories.
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check out the quality of life in countries that use/used the free market system and juxtapose them to countries that don't. get back to me.
they didn't have to worry about facing unreasonable prices because they had other choices. just look at how inner cities used to have a lot of grocers vs now. the small control the prices because they were given special privileges by gov't
the USSR thought they needed to take control of everything and look at what happened to them. lok at cuba. look at the PR of China. etc
jr.
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Junior Jr
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Posted: Nov 21 2012 at 5:23pm |
rickysrose wrote:
Yes it worked for Rockefeller and his fellow oligarchs
not so much for the other companies coming up ... they were stamped out with coercion, collusion, price fixing, scare tactics, supply manipulation, etc
the very things that the free market is supposed to resolve in "theory" but without regulation, the free market feeds these practices |
that's not true. if they hadn't been in cahoots with gov't to form regulation, they would be in danger of falling. that's how the big guys got bailed out by bush and obama
jr.
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