Why does anyone actually promote Keynesian economics anymore

>>131690162
Because politicians love to spend other people's money.

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>>131690162
>Oh yeaaaaaah. Yes.
Let the market decide.
Except you'll end up with monopolies completely free from accountability.

This man will shaft your orifice for change everytime you want to shit.

>>131690162
Because most economists professors are Keynesians so it's drilled into every college students head.
>>131692896
>Except you'll end up with monopolies completely free from accountability
That literally already happens in our current system, which may come as a shock to you, is extremely Keynesian.
Monopolies happen, especially when they are propped up by tax payer subsidies

>>131690162
Because economies are dirty systems that don't work, ideals are useless only practical tools are relevant. Central banks with fiat currencies give nations a buffer and flexibility to deal with hard times. Combined with using government spending as an injection into the economy you can avoid small problems spiraling out of control and ensure more stability.

>>131690162
>Central banks with fiat currencies give nations a buffer and flexibility to deal with hard times. Combined with using government spending as an injection into the economy you can avoid small problems spiraling out of control

When has that EVER happened?

>>131692896
In case you haven't noticed, the government IS the prime example of a monopoly. And we get EXACTLY what monopoly theory predicts. Rapidly rising prices for a rapidly deteriorating quality of product.

>>131697884
All the time over here. Without fiat a depression leaves no money available for lending stifling the economy more. In a depression private individuals are scared to invest so government investment keeps the economy from decaying even more.

>>131699104
Intervention is necessary?
HAHAHAHAHAHHAHAHAHAHAHAHAHHAHAHa

>>131699104
When is the bubble projected to burst?

>>131700686
Regularly, whether you deal with or not.

>>131690162
in most western colleges, econ faculties only gloss over non keynesian econ.

and that if you are lucky, in commie univs in latam you are also gonna have to learn marxism