Wackonomics

[Mavdog]

odd that you focus on the word 'respond". everyhing we do is a response. response to stimuli, response to need, response to desire, response to fear.all animal spirits too.

of course the keynesians don't say that animal spirits is the ONLY cause of cycles. I can see where you have trouble with that idea, clearly you have an absolutist view coming from the mises school of thought which is so totally focused on bank credit (money supply).

odd as well that you state "every Keynesian's answer for how to address a recession is to spend more", when in fact keynes supported tax cuts as a tool to stimulate the economy during business contractions.

and the oddest is your continued lampooning of the 'aminal spirits" concept popular with economists such as keynes and schiller, while you offer unbridled enthusiasm for the anarchist rothbard, who believes that all successful entrepreneurs are in essence great fortune tellers.

[alexamenos]

Originally Posted by Mavdog

odd that you focus on the word 'respond". everyhing we do is a response. response to stimuli, response to need, response to desire, response to fear.all animal spirits too.

Odd that you can't seem to understand the difference between cause and effect.

....incidentally....odd that you accuse me of setting up a strawman when Schiller unequivocally states that moody animals cause us to get into recessions in the first place. I'm not the one arguing this, the ivy league keynesian economics professor is...