Quote Originally Posted by Vteckidd View Post
You can READ!

Like usual, you missed my point. My point wasnt to show you some article to prove im right, my point was to show you 1 other econmist, and 1 other article (from a well known conservative) who offering different points of view. So your "Paul Krugman says it ....." holds little to no weight with me because A) Its THEORY not fact B) Economists are split on what works, but majority dont feel Keynesian Econ works.
Ah the good ol' theory vs. fact defense, which comes from not knowing what theory actually means. Lol

I should say I prefer supply side to KE, I think historical data proves it. I think there is more evidence that KE doesnt work, than it does work. But I also realize we will debate that topic for the next 40 pages and I dont care to.

All I was showing was that its not the wildly most accepted economic policy. Matter of fact, 4 of the last 5 presidents, have done THE OPPOSITE.
And all I'm showing you is that it is your opinion that Keynesian Economics doesn't work, when in fact the opposite is true. It's like the old evolution debate. It's definitely a theory in the literal sense, but it's the most widely accepted theory among scientists, and theory and fact are not mutually exclusive. Same is true with KE.

I'm not trying to change your mind, you can believe whatever you want. This is just how the majority of actual US economists count the beans.

Quote Originally Posted by Wikipedia
Government deficit spending is a central point of controversy in economics, with prominent economists holding differing views.[1] The "mainstream economics" position is that deficit spending is desirable and necessary as part of countercyclical fiscal policy, but that there should not be a structural deficit: run deficits during recessions to compensate for the shortfall in aggregate demand, but run surpluses in boom times so that there is no net deficit over an economic cycle, i.e., only run cyclical deficits. This is derived from Keynesian economics, and gained acceptance (especially in the Anglo-Saxon world) during the period between the Great Depression in the 1930s and post-WWII in the 1950s