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Author Topic:   Keynesian Economics and Recession Counter-Measures
Minnemooseus
Member
Posts: 3941
From: Duluth, Minnesota, U.S. (West end of Lake Superior)
Joined: 11-11-2001
Member Rating: 10.0


Message 76 of 83 (580668)
09-10-2010 2:59 PM
Reply to: Message 74 by hotjer
09-06-2010 8:54 PM


Re: Killed by productivity
"The Paradox of Choice: Why More is Less"
I listened (wasn't watching) the first half or so of the video. That situation is something I was aware of from personal music recording buying experience - You have a artist that has so many quality recordings available that you don't know where to start and you're not about to buy them all. Thus you tend to not buy any.
But while the "too much choice" may be a symptom, it isn't really the same as my "too much production" thoughts.
Minnemooseus, in message 73, writes:
The solution as I see it - Socialism. Tax the wealthy and spend the money to pay for maintaining the public infrastructure.
Nobody's going to jump on that statement?
Moose
Edited by Minnemooseus, : Eliminated a department of redundancy department thing.

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Replies to this message:
 Message 77 by nwr, posted 09-10-2010 3:06 PM Minnemooseus has seen this message but not replied
 Message 78 by crashfrog, posted 09-10-2010 3:21 PM Minnemooseus has replied

  
nwr
Member
Posts: 6408
From: Geneva, Illinois
Joined: 08-08-2005
Member Rating: 5.1


Message 77 of 83 (580672)
09-10-2010 3:06 PM
Reply to: Message 76 by Minnemooseus
09-10-2010 2:59 PM


Re: Killed by productivity
Minnemooseus writes:
Nobody's going to jump on that statement?
Perhaps people want to avoid violating rule 10

This message is a reply to:
 Message 76 by Minnemooseus, posted 09-10-2010 2:59 PM Minnemooseus has seen this message but not replied

  
crashfrog
Member (Idle past 1466 days)
Posts: 19762
From: Silver Spring, MD
Joined: 03-20-2003


Message 78 of 83 (580677)
09-10-2010 3:21 PM
Reply to: Message 76 by Minnemooseus
09-10-2010 2:59 PM


Re: Killed by productivity
You say "jump" I say "let me get my track sneakers:"
The solution as I see it - Socialism. Tax the wealthy and spend the money to pay for maintaining the public infrastructure.
Probably the only "jumpable" part of this statement is that what you've described isn't "socialism."

This message is a reply to:
 Message 76 by Minnemooseus, posted 09-10-2010 2:59 PM Minnemooseus has replied

Replies to this message:
 Message 79 by Minnemooseus, posted 09-10-2010 4:16 PM crashfrog has replied

  
Minnemooseus
Member
Posts: 3941
From: Duluth, Minnesota, U.S. (West end of Lake Superior)
Joined: 11-11-2001
Member Rating: 10.0


Message 79 of 83 (580680)
09-10-2010 4:16 PM
Reply to: Message 78 by crashfrog
09-10-2010 3:21 PM


The socialism solution
The solution as I see it - Socialism. Tax the wealthy and spend the money to pay for maintaining the public infrastructure.
Probably the only "jumpable" part of this statement is that what you've described isn't "socialism."
Certainly, I left all the details out of that statement.
I am saying, part of the government supplied services to "the people" is to maintain the public infrastructure. By that I mean not just maintaining the roads and highways, but to maintain the ecology. We need a modern variation of the Works Project Administration and the Civilian Conservation Corp.
In general, "eliminating the middle man" is a big part of the "progress" that got us to our overproduction problem, but in this case I think we do need to do such. Keep big business "upper middle management" out of the operations chain and get the government funds directly to small business "local management".
Socialist enough?
Moose

This message is a reply to:
 Message 78 by crashfrog, posted 09-10-2010 3:21 PM crashfrog has replied

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jar
Member (Idle past 394 days)
Posts: 34026
From: Texas!!
Joined: 04-20-2004


Message 80 of 83 (580691)
09-10-2010 5:39 PM


I think there are several reasonable steps we could take and the best place to start in my opinion would be to establish laws to prevent the growth of a moneyed class. To encourage continued growth, add in incentives for each generation. Reform the inheritance taxes so the they are very progressive and place a limit on just how much wealth can be past on to the next generation.

Anyone so limited that they can only spell a word one way is severely handicapped!

  
crashfrog
Member (Idle past 1466 days)
Posts: 19762
From: Silver Spring, MD
Joined: 03-20-2003


Message 81 of 83 (580701)
09-10-2010 6:54 PM
Reply to: Message 79 by Minnemooseus
09-10-2010 4:16 PM


Re: The socialism solution
Oh, don't get me wrong. 100% agree.
Though I sort of wonder if maybe we get a little more road for our money if we just pay construction companies to build them, instead of the government getting into the construction business itself. I mean, there's a lot of unused construction capacity out there ever since the collapse of the housing market, why not put it to work? That would be incredibly stimulative.
We can even insist on small local businesses, if you want, though a giant public works program is necessarily going to make a lot of local small businesses big.

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 Message 79 by Minnemooseus, posted 09-10-2010 4:16 PM Minnemooseus has not replied

  
Minnemooseus
Member
Posts: 3941
From: Duluth, Minnesota, U.S. (West end of Lake Superior)
Joined: 11-11-2001
Member Rating: 10.0


Message 82 of 83 (591790)
11-16-2010 3:20 AM
Reply to: Message 73 by Minnemooseus
09-06-2010 8:36 PM


Re: Killed by productivity - the bump
Just wondering if anyone wants to chip in on this topic?
Moose

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 Message 73 by Minnemooseus, posted 09-06-2010 8:36 PM Minnemooseus has seen this message but not replied

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Straggler
Member
Posts: 10333
From: London England
Joined: 09-30-2006


Message 83 of 83 (591962)
11-17-2010 6:46 PM
Reply to: Message 82 by Minnemooseus
11-16-2010 3:20 AM


Re: Killed by productivity - the bump
After a series of austerity measures Ireland's economy seems to be on the verge of collapse tonight. Other EU countries (Portugal keeps being mentioned) are in similar if currently less drastic situations. Germany is getting fed up with having to supply the cash to bail out it's Eurozone neighbours.
The UK is about to embark on it's own Keynesian-defying series of austerity measures.
The US (as I understand things) is about to plough a load more money into it's economy in an effort to piss off the Chinese by effectively devaluing the dollar becaue the Chinese won't let their currency rise in value.
Every Western nation seems to be hoping for an "export led recovery" but everybody except the Chinese and the Indians seems to be too skint to drastically incease imports in the way that this would demand.
Can anyone with any sembleance of economic understanding suggest how any of this will end or suggest what it will take to resolve this mess?

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 Message 82 by Minnemooseus, posted 11-16-2010 3:20 AM Minnemooseus has seen this message but not replied

  
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