If you were kind enough to argue with me on economics from my previous posts, http://www.aaronsw.com/weblog/keynes has a great piece on Keyne’s system, and how it applies to our current situation. Great read, and echos my previous blog posts in a more eloquent way.
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- Modern economics I know I shouldn’t listen to talk radio, but I...
#1 by Citizen on September 24, 2009 - 2:10 pm
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Regretfully, as per the comments at the blog you linked, that article is intellectually embarassing, despite its lofty aspirations.
I humbly suggest you stick to you Linux hobby.
#2 by sharms on September 24, 2009 - 2:28 pm
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Instead of vague accusations, what facts do you have? Here on the internet, we get things done by using statements with substance.
*sarcasm* I humbly suggest you should stick to economics and leave communication to us internet people.
#3 by dumdum on September 25, 2009 - 5:49 am
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His name is Keynes, not Keyne…
#4 by Fernando on October 12, 2009 - 6:55 am
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Hey Sharms I’m glad your taking interest in economics and writing about it. In a philosophical sense your idea of money “promise to deliver goods or services’” could hold some ground.
However money is more than a promise… it is a legal obligation, personal responsibility, and more importantly someones dept or income.
Now that we established that — keep in mind that every time money is spent by government it is actually spending your income. Keep an open mind and look at the logic… they take your income. Your income passes through multiple hands and each time reduced. Your money that is left is used to provide jobs.
Well the last part sounds good… but someone else is loosing here. YOU and who you would had chosen to have the money. Maybe people lost their jobs from you and a few others note buying the products you would had.
I’m a liberal too so please don’t confuse me for republican. If you want to see more liberal economics you’ll find more in the Atlantic, the Nation, the New Republic, and the New Yorker. More moderate magazine is the Economist, Business Week, and sometimes the WSJ. The right will be those talk show host your talking about.
Also a very good documentary with a great neutral perspective is “Commanding heights” by pbs. For your inflation/money supply doubts you should refer to Milton Friedman. Im referring to him because is easy to find youtube videos since he was so vocal of his views. Also a good source of information for opposite views is the Cato Institute… loads of information .
PS… English is not my first language. sorry for the spelling mistakes or weird grammar.