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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