You know the video will be great when Rothbard tells you in the first minute that he is going to be sh****ng on Keynes personally for the remaining 39 minutes.
I love Rothbard's summation of Keynes' character and behavior toward the end of his talk. He forgot to mention that those were his BETTER qualities! A DISGUSTING person!
I have an undergrad in eco from 30 years, Keynes and Keynesian economics was large back then, maybe because of a Krugman macro book we had to use. I threw out the Krugman book 10 years ago and recently I heard rumours that Keynes was interested in little boys? Regardless I didn't derive any value from my economics degree. I ended up in the IT field.
The rumors of Keynes infatuations are probably true. He was very besotted by young boys. Though there is some evidence of his being with women, the overwhelming sexual relationships throughout his life were with younger men and adolescent males.
The Anglo-American Establishment has had a penchant for that, but they were teens of both genders. The British seemed to be the worst for it, but this hedonism was within both nations' elite.
Were you sleeping when Trump was making pizza ads; i heard on youtube is that pizza is a code for pedophilia? Krugman's book was not published 30 years ago.
He is one of the most disgusting economists that ever existed. Keynes earned his degree in mathematics. He understood the mathematical formulation of "pump priming". In the end, he understood inherent chaotic nature of the economy and transferring and indebting society eventually would cause an economic collapse. The debt becomes insurmountable. In Keynes own words, "In the end, we're all dead." In other words, ride the wave of psuedo economic wealth but when the economy finally fails, I'll be long gone.
@@rlkinnard 2 problems with that. 1) that doesn’t really happen, politicians don’t have incentives to tax during booms as they would be blamed for slowing down the economy 2) difficulty in determining where in the economic cycle we are 3) time it takes to implement policies. 2 and 3 combined create a time lag and time gap where counter cyclical policies are more likely to become pro cyclical
@@StheSharknl it does happen; it is just that the Republican Party decided against fiscal discipline. The government paying down debt would have good long term benefits.
That was one of the best exposés that I've had the pleasure of listening to. The problem is, that we have many in government, today, with those very beliefs, and they fully intend on dragging the west into their disastrous system even deeper. "Keynesian economics, as part of the neoclassical synthesis, served as the standard macroeconomic model in the developed nations during the later part of the Great Depression, World War II, and the post-war economic expansion (1945-1973). It lost some influence following the oil shock and resulting stagflation of the 1970s. Keynesian economics was later redeveloped as New Keynesian economics, becoming part of the contemporary new neoclassical synthesis, that forms one current-day theory on macroeconomics. The advent of the financial crisis of 2007-2008 sparked renewed interest in Keynesian thought." -- Wikipedia Then, there is this: "Keynes, a British economist who died more than 60 years ago, inspired President Barack Obama's plan to save the U.S. economy with a massive round of government spending. The British economist published his big theory, the one underpinning most of what Obama intends to do, in 1936. "By the 1980s, many believed Keynes' ideas were utterly discredited. But he is the man who came up with the then-radical notion that a government can pull a country out of a deep recession by spending a lot." -- NPR article: Obama Gives Keynes His First Real-World Test (Jan. 2009) Of course, we had the Bush family do something very similar, and now, in 2022, we've spent trillions more.
11 MINUTES IN and if it is true that Keynes liked to diddle young boys, it isn't remotely surprising given his personal philosophy appears to be inspired by Nietchze's Will to Power above all else.
It’s a logic of thought Based on values not rules. What matter is what Keynes did not what he was. Dude, the literature master pieces has life by itself. His books are part of the history no matter you think he was. People here are so racist and love gossip a lot
Economics is a law activity based on a values principles like trust. Are you serious all this liberalism is based on this bias un scientific method of talking? This is so old!! Please, new smart thinkers!! Keynes thought in a context the law not the economics.
You know the video will be great when Rothbard tells you in the first minute that he is going to be sh****ng on Keynes personally for the remaining 39 minutes.
Rothbard’s opinion seems spot on
I love Rothbard's summation of Keynes' character and behavior toward the end of his talk. He forgot to mention that those were his BETTER qualities! A DISGUSTING person!
And here we all are 30 years later with the priests of the Keynesian order still ruling with their golden halos at the Fed
I have an undergrad in eco from 30 years, Keynes and Keynesian economics was large back then, maybe because of a Krugman macro book we had to use. I threw out the Krugman book 10 years ago and recently I heard rumours that Keynes was interested in little boys? Regardless I didn't derive any value from my economics degree. I ended up in the IT field.
The rumors of Keynes infatuations are probably true. He was very besotted by young boys. Though there is some evidence of his being with women, the overwhelming sexual relationships throughout his life were with younger men and adolescent males.
The Anglo-American Establishment has had a penchant for that, but they were teens of both genders. The British seemed to be the worst for it, but this hedonism was within both nations' elite.
Were you sleeping when Trump was making pizza ads; i heard on youtube is that pizza is a code for pedophilia? Krugman's book was not published 30 years ago.
Yup, the same economics you were taught was the same that was used the commit financial jihad to the American economy since 1971
@@H3c171 Krugman's Macrp first edition was in 2006.
He is one of the most disgusting economists that ever existed. Keynes earned his degree in mathematics. He understood the mathematical formulation of "pump priming". In the end, he understood inherent chaotic nature of the economy and transferring and indebting society eventually would cause an economic collapse. The debt becomes insurmountable. In Keynes own words, "In the end, we're all dead." In other words, ride the wave of psuedo economic wealth but when the economy finally fails, I'll be long gone.
Keynes wanted to pay down the debt once out of depression.
@@rlkinnard 2 problems with that. 1) that doesn’t really happen, politicians don’t have incentives to tax during booms as they would be blamed for slowing down the economy
2) difficulty in determining where in the economic cycle we are
3) time it takes to implement policies.
2 and 3 combined create a time lag and time gap where counter cyclical policies are more likely to become pro cyclical
@@StheSharknl it does happen; it is just that the Republican Party decided against fiscal discipline. The government paying down debt would have good long term benefits.
Another great talk by Dr. Patrick Newman
Indeed. Also Murray Rothbard can make good impersonation of Patrick Newman.
Who?
@@jwtlucky Are you asking who dr. Patrick Newman is? If so, I can write few words about him.
@@kamilziemian995 nah, I know he works for Mises institute. That “who” should have read like the snoop dog meme….
That was one of the best exposés that I've had the pleasure of listening to.
The problem is, that we have many in government, today, with those very beliefs, and they fully intend on dragging the west into their disastrous system even deeper.
"Keynesian economics, as part of the neoclassical synthesis, served as the standard macroeconomic model in the developed nations during the later part of the Great Depression, World War II, and the post-war economic expansion (1945-1973). It lost some influence following the oil shock and resulting stagflation of the 1970s. Keynesian economics was later redeveloped as New Keynesian economics, becoming part of the contemporary new neoclassical synthesis, that forms one current-day theory on macroeconomics. The advent of the financial crisis of 2007-2008 sparked renewed interest in Keynesian thought." -- Wikipedia
Then, there is this:
"Keynes, a British economist who died more than 60 years ago, inspired President Barack Obama's plan to save the U.S. economy with a massive round of government spending. The British economist published his big theory, the one underpinning most of what Obama intends to do, in 1936.
"By the 1980s, many believed Keynes' ideas were utterly discredited. But he is the man who came up with the then-radical notion that a government can pull a country out of a deep recession by spending a lot." -- NPR article: Obama Gives Keynes His First Real-World Test (Jan. 2009)
Of course, we had the Bush family do something very similar, and now, in 2022, we've spent trillions more.
I like hearing Rothbard shuffling his papers around, murmuring angrily about the evils of JMK.
I had to put him on pause and applaud at numerous points
The rejection of thrift and hedonism don't give Keynes a very good logical grounding .
neither
Username checks out
🤡
11 MINUTES IN and if it is true that Keynes liked to diddle young boys, it isn't remotely surprising given his personal philosophy appears to be inspired by Nietchze's Will to Power above all else.
It's very true that he had particular fondness for boys.
I don't know about "young boys", but he did "diddle" some painter considerably younger than him
We have murrays classrooms this is awesomee
It’s a logic of thought Based on values not rules. What matter is what Keynes did not what he was. Dude, the literature master pieces has life by itself. His books are part of the history no matter you think he was. People here are so racist and love gossip a lot
I mean, this guy's a real jerk!
He is a good guy
🇺🇲
Economics is a law activity based on a values principles like trust. Are you serious all this liberalism is based on this bias un scientific method of talking? This is so old!! Please, new smart thinkers!! Keynes thought in a context the law not the economics.
He sounds like Trump with more IQ.
How??
You’re a total tool if you think trump is anything like rothbard. Trump the great cantillonaire loves the fed