Quote from: TEFLing on January 25, 2021, 01:54:25 AM
Reagan reduced taxes and increased deficit spending

Supposedly that brought the US economy out of 1970s stagflation and outspent the Soviet union into bankruptcy

Congratulations Keynes?

Reagan was forced by a Dim House and Senate, or he'd never have accomplished a single thing as President.
I know you're young and all you were taught was that Keyne's was the bees knees, when in fact, he's a watered down version of Marx.

If you want to actually understand what a real economist thinks, look up Milton Friedman, the man was simply brilliant. Even though he died recently, there are a ton of his videos out there where he talked to college kids just like you, and they were shocked by just how deceived they were by their Marxist Profs.

I'd help by posting links, but I'm losing my signal due to a snowstorm so everything is sloooow..

Keynesian economics could also be employed in US labor markets.

Rather than be given unemployment payments, unemployed workers could be hired to work on Government organized work projects (say) rebuilding crumbling US infrastructure.  Government work projects, as a "safety net" but not primary source of jobs, might not (say) pay as much as private sector jobs.  But some income is better than none, and it would be a "patriotic contribution" to society as well.

The projects could be organized by the Government but farmed out to private contractors on a bidding basis.

There is plenty of productive work to do, e.g. plenty of infrastructure to repair.  Lots of work + lots of workers = no unemployment (if public works projects paid a truly competitive market "price" for labor = wages)

Quote from: TEFLing on January 29, 2021, 06:38:56 AM
Keynesian economics could also be employed in US labor markets.

Rather than be given unemployment payments, unemployed workers could be hired to work on Government organized work projects (say) rebuilding crumbling US infrastructure.  Government work projects, as a "safety net" but not primary source of jobs, might not (say) pay as much as private sector jobs.  But some income is better than none, and it would be a "patriotic contribution" to society as well.

The projects could be organized by the Government but farmed out to private contractors on a bidding basis.

There is plenty of productive work to do, e.g. plenty of infrastructure to repair.  Lots of work + lots of workers = no unemployment (if public works projects paid a truly competitive market "price" for labor = wages)

Try some of tis guys videos...
Milton Friedman

NYC targeting small business owners, ticketing their vehicles for parking around illegal sidewalk vendors unlawfully squatting in front of their stores, then refusing to pursue or prosecute shop-lifters.  $15 minimum wage will wipe them out even more

https://www.youtube.com/watch?t=15&v=cw1t_quv1bA

Quote from: TEFLing on January 29, 2021, 06:38:56 AM
Keynesian economics could also be employed in US labor markets.

Rather than be given unemployment payments, unemployed workers could be hired to work on Government organized work projects (say) rebuilding crumbling US infrastructure.  Government work projects, as a "safety net" but not primary source of jobs, might not (say) pay as much as private sector jobs.  But some income is better than none, and it would be a "patriotic contribution" to society as well.

The projects could be organized by the Government but farmed out to private contractors on a bidding basis.

There is plenty of productive work to do, e.g. plenty of infrastructure to repair.  Lots of work + lots of workers = no unemployment (if public works projects paid a truly competitive market "price" for labor = wages)

Yes, yes....we could have the government ban backhoes in order to issue shovels to more government workers....

WTF.....

Quote from: TEFLing on February 06, 2021, 12:56:22 AM
NYC targeting small business owners, ticketing their vehicles for parking around illegal sidewalk vendors unlawfully squatting in front of their stores, then refusing to pursue or prosecute shop-lifters.  $15 minimum wage will wipe them out even more

https://www.youtube.com/watch?t=15&v=cw1t_quv1bA

You just proved my point, that govt causes recessions.