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"Fear the Boom and Bust" - Hayek vs. Keynes

Discussion in 'Political Discussion' started by mcgraw_wv, Mar 6, 2010.

  1. mcgraw_wv

    mcgraw_wv Rookie

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  2. PatriotsReign

    PatriotsReign Rookie

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    Prolly is educational, but i can't listen to more than 2 minutes of any rap. I'd prefer a REAL debate so I can actually listen to each of the arguments intelligently.

  3. mcgraw_wv

    mcgraw_wv Rookie

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    Try to listen to the words... The words are actually well put together and correct.

    More importantly getting into a economics lesson, in the form of a rap anthem, is amazing in my opinion. What better way to spread a message and inform a wider market on the corrupt banking system our country has become reliant on.
  4. PatriotsReign

    PatriotsReign Rookie

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    By "Wider market" you must mean younger people. And that's fine...I hope they listen to it. But I can't tolerate trying to listen to the words in any rap song even if I close my eyes!

    Now, if some wrote down the lyrics, I'd gladly read it.

  5. mcgraw_wv

    mcgraw_wv Rookie

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    Here they are!
  6. PatsFanInVa

    PatsFanInVa PatsFans.com Supporter PatsFans.com Supporter

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    LMAO!!!! Schoolhouse Rock lives!

    This is great mcgraw - and I bet LSE applications quadruple this year! Great find!

    BTW idiots, watch it and keep your stinkin' ignorant partisan yaps shut until you do... its only point (and it's a good one) is that all of our back-and-forth here that we imagine to be common sense derives from one or the other economic theory - and it doesn't much measure which is right
  7. PatriotsReign

    PatriotsReign Rookie

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    All I'll say is that I know which one is right and it has nothing to do with partisan politics. After all, right is right.

  8. wistahpatsfan

    wistahpatsfan Rookie

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    Oh do tell!
  9. PatriotsReign

    PatriotsReign Rookie

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    My lips are sealed Wistah!

  10. sdaniels7114

    sdaniels7114 Rookie

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    The Austrian theory doesn't work for politicians. After all how can you take credit for an improved economy if you just sat there while it burned? If you want political capital you have to be able to say 'I did this and then the economy improved' saying 'I did nothing and the economy improved' gets you no points.

    All I really know about these two theories is that if one was inherently better than the other then I wouldn't have heard about the other.
  11. mcgraw_wv

    mcgraw_wv Rookie

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    Or, one theory provide the mechanism for politicians to "buy" votes with spending and the printing press, therefore the people in power continually silence the "better" theory in exchange the for accepted method for tax and spend to buy votes.
  12. PatriotsReign

    PatriotsReign Rookie

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    One of the best comments I've read on this board in a long time! And if one has any common sense, they can see the truth in it.

  13. mcgraw_wv

    mcgraw_wv Rookie

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    Well I guess the better response would be... "Better theory for whom, the people or the people in power?"

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