Your credibility is slipping. Argumentum ad hominum (name calling and abuse) is also a fallacious argument mode. very illogical.
I've been using an ad hominem attack against you.. attacking your credibility is actually a legit form of argument and thus logical.
That's classical economics. Neoclassical economics believes that government should do something, but that Keynesians are doing it wrong.
Wrong. You are confused. I suggest you research the different economic models.
That's NOT creating wealth. That's unbalancing markets so it looks like there is more wealth.
Creating money and creating wealth are two different things. Only work can create wealth.
..and may I ask, what is your definition of 'wealth' ?
That is still part of Keynesian economics. And when the Democrats took over both Congress and the White House, they piled fiscal policy on top of the monetary policy. The result was 18 percent inflation and 15 percent unemployment.
huh? What are you talking about? Idiot.. the high stagflation of the early 80s was solved by the federal reserve. You have no idea at all what you're talking about.
That's the Classical model. The Neoclassical model says that the economy needs correction, but timed differently than the Keynesian model, and for different reasons.
Absolutely wrong. Do some research. The neoclassical model says that NO intervention is needed in economics.
This is because the people running the federal reserve were also playing the stock market, and adjusting the monetary policy to make their stocks rise. The entire reason the depression lasted so long was that the dollar was too large, and there were not enough in circulation. But we didn't know enough about monetary policy to know that then.
Okay, first of all you can't 'adjust monetary police to make stocks rise'. That there is a stupid statement. The reason the depression lasted so long was because it took forever for the government to actually intervene in economics.. remember, they were all neoclassical believers up until this point.. in which, everyone switched to Keynesian.
The Keynesian fiscal policy also helped prolong the depression, because it was in overshoot.
This statement is stupid.. completely wrong.
People believe the Keynesian model only because it the teachers unions demand that it be taught in public schools.
hahaha.. you just get dumber every second don't you? There are still many Keynesian believers out there (George W. Bush included), but most people are now monetarists.
I have a minor in Economics.
Where from? Some joke community college apparently.
The Neoclassical model believes in using fiscal and monetary policy together to quell the business cycle. Liberals try to stop the business cycle at the boom side, which is not possible.
WRONG! The neoclassical model came BEFORE fiscal and monetary policy. Wow.. are your parents this stupid too?
Seriously dude.. I don't understand how you are so stupid. Are you really a 9 year-old child? This is what reason has led me to believe.. Have you even graduated from high school? If you went right now and took the Economics and Physics AP tests, you would score a 0. If you took the SAT, you would score in the negatives. If you even enrolled in a high school course, you would fail. Your IQ is probably below average. Basically, you suck at life. You're nothing more than a failure.
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