Trump Brings Back Keynesian Economics

Thanks. I find your opinions boring too.

 

At least I'm willing to discuss the real world issues, something you are either incapable, or unwilling to do. Perhaps your libertarianism doesn't compute in the real world.

Let's see what the Chinese leader has to say in Davos.

 

I'm sensing that you derive a feeling of superiority from caring about what your rulers have to say. Do you notice the irony in that?

 

His entire post can be summed it with:

"muh roads".

 

Yeah, he doesn't seem aware that it doesn't make economic sense for most people to spend any time studying political "issues"(talking points).

 

There is no "political issue" as important as the fact that those 8 billionaires were enabled by such institions as government and organizations such as the IMF.

I never understand. They complain about focus of wealth and power yet support the most wealthy and the most powerful.

 

But it is private banking institutions, constituted by sovereign nations, who have the exclusive power to create money (when they write loans). The IMF has nothing to do with it, although in fact the IMF should bethe one institution that is instituted to create debt-free money.

http://www.moneyreformparty.org.uk/

Mervin King (in 2010) comments that a legacy of debt has been left for future generations, as a result of the GFC. Governments everywhere (the public sector) were forced into debt, to keep the financial system (private sector) afloat, to avoid another great depression.

In any case, your fantasy of happy little capitalists cheerfully competing with one-another to the benefit of all, without requiring government oversight, is ....a fantasy.

Hopefully we can avoid a repeat of the 20th century, in sorting out the present dysfunctional economic system.

 

Government doesn't exist to provide oversight. It exists so that smart people like bankers can control gullible people like you.

 

http://www.zerohedge.com/news/2016-05-25/federal-reserve-accidentally-admits-it-causing-inequality

 

Care to comment on product warranty, and its enforcement, and other needed government oversight of the private sector?

Actually you might be right about government collusion with banksters, and this is where an educated and aware electorate is vital, which is far from the present situation.

However, a philosophy based on unrealistic assumptions of human nature, such as libertarianism, will miss the most effective solutions re international trade and global (as well as local) finance.

Trump (yesterday, to a German auto manufacturer):
"I don't see any Chevs in Germany"
German auto rep:
"Well then the Americans should build a better car".

Actually, the Americans should stick to the things they do better than anyone else. But a Keynesian system with IMF oversight of international trade is required if all are to benefit from the interaction of such complex finance and trade matters.