Quote:
Posted By: willywonka4u
...is that there's a shortfall in demand....
...then why not stimulate demand?
Here's a simple solution. Raise the fucking minimum wage!
...is that there's a shortfall in demand....
...then why not stimulate demand?
Here's a simple solution. Raise the fucking minimum wage!
"Stimulating" demand will make things worse, and raising the minimum wage is a terrible idea.
To understand the economic issues involved, here are a couple of very entertaining music videos which fairly present both the Keynesian and Austrian points of view. (Sounds strange, but they are really quite clever imo.)
Fear the Boom and Bust, a Hayek vs Keynes Rap Anthem:
http://www.youtube.com/watch?v=d0nERTFo-Sk
Fight of the Century: Keynes vs Hayek Round 2
http://www.youtube.com/watch?v=GTQnarzmTOc&feature=relmfu
Current Thread
-
- insanity to doing the same thing over and over expecting different results:D
NeedleDick, the BugFucker | 6/8/2012 8:51:31 PM (182 reads) - So applying the same logic
anonymousfun | 6/8/2012 11:11:53 PM (206 reads) - Actually, post WWII, Kennedy was the first big tax cutter
NeedleDick, the BugFucker | 6/9/2012 5:28:33 AM (237 reads) - Kennedy's fiscal and foreign policies would make him a modern Republican
zisk | 6/9/2012 12:12:52 PM (185 reads) - The real reason the country is hurting - Willie
dncphil | 6/9/2012 5:20:03 AM (123 reads) - Answer to willie
dncphil | 6/10/2012 5:32:46 AM (189 reads) - People would just pay off their debt, instead of buying garbage.
bigvern | 6/8/2012 9:03:56 PM (191 reads) - That's a good thing. They should pay off their debt.
willywonka4u | 6/9/2012 11:17:57 PM (156 reads) - Raising minimum wage would justify inflation.
bigvern | 6/10/2012 12:01:10 PM (204 reads) - You're so wrong, Big V.
willywonka4u | 6/11/2012 12:18:01 PM (314 reads) - Don't know how you did it
bigvern | 6/11/2012 3:58:29 PM (122 reads) - there may be 200+ waiting for a job...
willywonka4u | 6/12/2012 3:00:34 AM (120 reads) - Exactly.
bigvern | 6/12/2012 2:24:06 AM (136 reads) - Here is a real traitor
followme | 6/8/2012 9:29:20 PM (190 reads) - Yeah, drive up the minimum rage and drive the unemployment rate back to double digits...
Snowman39 | 6/9/2012 5:42:56 AM (238 reads) - willy's lack of real world experience is showing:D
NeedleDick, the BugFucker | 6/8/2012 4:00:00 PM (173 reads) - Re: C'mon Snowman
followme | 6/9/2012 7:01:09 AM (151 reads) - Keynes vs Hayek
spooner2112 | 6/9/2012 6:39:47 AM (180 reads) - Re: Keynes vs Hayek
nuguy46 | 6/9/2012 6:56:06 AM (129 reads) - Wrong.
willywonka4u | 6/10/2012 1:16:22 AM (160 reads) - Willie - found you post - and the difference between us
dncphil | 6/10/2012 5:34:13 AM (184 reads) - Phil, I don't think all conservatives are evil.
willywonka4u | 6/11/2012 8:53:55 AM (183 reads)
