Alan Greenspan (1742 - 2026):
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Date: June 22nd, 2026 7:33 AM
Author: ,.,..,.,..,.,.,.,..,.,.,,..,..,.,,..,.,,.
(http://www.autoadmit.com/thread.php?thread_id=5876378&forum_id=2).#49954994) |
Date: June 22nd, 2026 7:40 AM Author: getulio
Point to a single hardline Austrian school inspired economist employed and in a position of power in the US political system today. Greenspan's policies brought us the stagnation of the latter Bush years as well as the early Obama ones iirc. These guys get economy, and we love our economy, don't we folks? when it happens in a lab but struggle for answers when it happens in situ ime.
This is like a thing where we have this ideal that nobody can reach and TPTB refuse to say "well, this is ideal, but it's fine if we can't collectively get to it" (too human!) while Keynes pumps away and grunts on the side as he tends to as the guy does most of the heavy lifting for the understated parts of UST/fed bank policy, and there are many, and I trust these guys to do what they do usually, but I am also a retarded prole with brain damage so maybe that's the standard
Besides the general moral utility of Keynesian and neo-Keynesian economic policy may supplant economic orthodoxy in what it does for the people of the polity if correctly harnessed but this is probably "controversial" or something if it's understood as I intend it.
(http://www.autoadmit.com/thread.php?thread_id=5876378&forum_id=2).#49954997) |
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Date: June 22nd, 2026 7:48 AM Author: getulio
Sure, sorry, what I'm saying is that we're in a stage of debt-understanding that goes beyond the Austrian orthodoxy on what debt is and what it represents and the thinkers of the era that brought us MEFO bills and ZIRP have turned away from that towards monetary policy as a pure, rational, and non-sentimental tool to harness the forces of economic growth rather than a reflection of the portion of the nation's credit status, and what all that entails in a classical understanding of economics. There's a strong moral dimension clarifying the fundamental issues between the two schools beyond mere tool-use and the turn away from classical economics, and Austrian understandings of terms, tools, and levers in the West is actually extraordinarily radical in the same way that Vatican 2 was (not particularly sentimental, but "for the people" and underspoken until matters within are stumbled upon by orthodox thinkers)
Excuse me for the analogy it's supposed to be silly and make light of a kind of dour topic
(http://www.autoadmit.com/thread.php?thread_id=5876378&forum_id=2).#49955001) |
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