#keynesianism

[racefortheironthrone]

What are your thoughts about Andrew Mellon and how much blame he has for the Great Depression?

Andrew Mellon was a bastard, and his policies hurt way more than they helped, but I don't hold with the monetarist explanation for the Great Depression. I think Keynes was right.

[tmarshconnors]

“When the facts change, I change my mind."

John Maynard Keynes (1883-1946) is one of the most influential economists of modern times. Educated at Cambridge University, he returned to teach at, and become a fellow of, Kings College, Cambridge. In 1915 Keynes joined the UK Treasury and acted as an advisor to government for many years.

The General Theory of Employment, Interest, and Money: John Maynard Keynes is best known for his seminal work, "The General Theory of Employment, Interest, and Money" (1936), which laid the foundation for modern macroeconomics and introduced concepts such as aggregate demand and the importance of government intervention in the economy.

Role in the Bretton Woods Conference: Keynes played a significant role in the Bretton Woods Conference in 1944, which led to the establishment of the International Monetary Fund (IMF) and the World Bank, aiming to stabilize the global economy post-World War II.

Keynesian Economics: Keynesian economics advocates for increased government expenditures and lower taxes to stimulate demand and pull the global economy out of depression. This theory became particularly influential during and after the Great Depression.

Advisor to the UK Government: Throughout his career, Keynes served as an economic advisor to the British government, especially during World War I and the Great Depression, helping to shape economic policy and wartime financing.

Cambridge Apostle: During his time at Cambridge University, Keynes was a member of the Cambridge Apostles, an intellectual secret society. This group included many prominent thinkers and had a significant influence on Keynes's intellectual development.

[tikhanovlibrary]

Wang Huning on the welfare state.

I'll never stop finding Wang Huning's contempt for taxes, Keynesian economics, and the welfare state hilarious.

Excerpt from America Against America, coming this summer to a bookstore near you!

[liberalsarecool]

Government stimulus works.

Democratic policies work.

Republican supply side economics, their tax cuts, and their trickle down are all MASASIVE FAILURES. We have the proof.

Never forget, all the Democratic recovery plans and policies had zero Republican support and they all saved America. Not only that, Republicans predicted the recovery plans would not work.

Three strikes! Republicans caused the economic crisis, Republicans predicted the stimulus would not work, then they voted against the stimulus.

[capitalism-and-analytics]

[rigberts]

fujimoto regularly schedules yoshidas appearances in order to stimulate the chainsaw man yaoi economy whenever it stagnates

[synthient]

got an embarrassment of "gay 80s fantasy novels with fantastic 80s-pulp covers" riches in the nightstand stack atm

[madame-helen]

[rage-against-the-cistem]

feed your local feral rascal

hi >:)

im rimby and i have 14 euros on my bank account. that amount will not last more than a week given i have to spend it on food and bus fares to go to school.

i just need at least 100 euros to get by this month and hopefully next month i get paid and i will stop living under the poverty line. in school im the guy that doesn't eat that much bc well i cant.

oh and meds. i need those!

what do i do? yeah good question! its only something people that set up a crowdfunding do answer. well, im a experienced non published writer/poet that is writing a gay ass fanfic between two online bros here. i also have some poems on my ko-fi. and i stream stardew valley and DOOM (1993) and experimental stuff.

aight, well, that is it. if you can't donate have a pic of a possum, as per usual. take care, pals :]

jeff bezos money pile

coffee pile

[daisyachain]

Pratchett’s writing is often misunderstood politically because he comes from a sort of white background alien to a lot of North Americans tumblr readers, whose parents and/or grandparents would have been white whitecollar or adjacent workers trying to hitch a ride on the corporate 20thC boom. However thankfully I’m equipped to interpret it because Pratchett’s native ideological ground is Philosophy of My Dad

[probablyasocialecologist]

Economic statistics should be taken critically as the shaky constructions they are, but they do tell you something. Industrial policy has made its worldwide comeback within an equally worldwide exhaustion of the global economic system, the slow-motion expiration of the US-based configuration of capitalism inaugurated at the close of the Second World War. On the surface, Bidenomics seems to represent a decisive break with neoliberal dogma, and so it is in some respects; but more fundamentally, it is smoothly continuous with the deeper trend, starting in the 1940s, of fading growth prospects and rising state involvement in the private economy. If anything, it is an intensification of this trend. Its official adoption represents the belated recognition by “policymakers” that still greater state action is needed to sustain the already meager growth rates of the national economy, crushed beneath the dead weight of an expiring system.

[meli-r]

[dibelonious]

Looks like Santa came earlier this year...

[imkeepinit]

For Dell’s Billionaire CEO, Taxing the Ultra-Rich is a Joke

[capitalism-and-analytics]

[eileennatural]

this is so nothing but i'm reading the false dawn: the delusions of global capitalism by john gray and its really good !! but he repeatedly refers to the US, UK, and "other anglo saxon countries" (what others?) In a way that is both nonspecific and annoying, and also wrong. even if a good case could be made for calling the UK anglo-saxon, I really don't think, in the 21st century, the US can be described that way at all. it feels like what he's really trying to say is "anglophone" or "white" countries-- both of which also not good ways to describe these places !!