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Old 12-11-2005, 03:18 AM
Borodog Borodog is offline
Junior Member
 
Join Date: Jan 2004
Location: North Carolina
Posts: 5
Default Re: To libertarians / Rand clones

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Keynsian economics works.

If by "works" you mean never-ending malinvestment booms and inflation alternating with crashes, recessions, and depressions characterized by high unemployment and business failures as the market attempts to liquidate those malivestments, then sure. It "works."

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It temporarily raises GDP at an overall cost.

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And this is a good thing how?

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I never said it was good.

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No? That's funny because, double negatives aside, I'm pretty sure that exactly what you were trying to imply when you wrote this:

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Are you seriously denying that the war did not have a positive impact on the economy?

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If not, what was the point of this question? And indeed your whole argument about increasing GDP with worthless projects like foreign wars and digging holes?

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However, it is a nice secondary benefit when other reasons dictate massive spending.

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What reasons would those be?

By the way, I've asked many questions in this discussion and you've ignored most of them. Is this going to be a trend? Because if I'm wasting my time I'll just stop.
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