SubscribeAll Posts Tagged With: "Keynesian"
Could Obama Push Oil to $300 Per Barrel
John Maynard Keynes is one of the most influential and controversial economists in history.
He warned of the huge burden war reparations placed on Germany and its allies after WW I. He played an integral role in establishing the post-WW II financial world. His economic theories established the impetus for governments to spend like mad during downturns. He made, lost, and made back a massive fortune in the stock market. He counted Pablo Picasso and Virginia Wolf as friends.
He’s done a lot. His impact on the world is extensive. But today we’ll look at one of his truly lasting…
2Mar2009 | Q1 Publishing | 0 comments | ContinuedBoiling Point for Keynesian Economics (Part 3 of 3)
In the first two parts of this series, we identified fundamental economic weaknesses that running a Keynesian based economy have brought us. So the next question is figuring out when the critical point will be, and what it will look like. In short, we’re looking at it as we speak.
Let’s start with the ‘when’ of the equation. To put it in its simplest form, the critical point our Keynesian economy will be when the U.S. completely lacks the ability to sell any of its debt, and consumers are unable to take on any more debt.
Using the three farmer analysis in…
20Nov2008 | Oxbury Research | Comments Off | ContinuedGlobal Keynesian Economic Crisis (Part 2 of 3)
For the second part of this series, we are going to start by looking back at the three farmer scenario
In today’s society, the three farmers have, for a while, experienced a period where the monetary base is growing enough to keep up with the debt that needs to be repaid. The problem is that available credit has dried up.
Let’s switch out that farmer with a home buyer today, but keep the farmer scenario present in thought as we move forward. This home owner receives a loan from a bank, which is now a liability for the home owner.
Let’s not…
18Nov2008 | Oxbury Research | Comments Off | ContinuedThe Last Great Bubble
If I were to put the blame of this current financial crisis squarely on the shoulders of one individual, hands down, Easy Al Greenspan would be in the middle of my cross-hairs. Through the combination of his loose monetary policy, praise of exotic financial derivative instruments, and encouragment of living beyond our means has directly resulted in the current financial mess.
The root of these issues can all be traced back to the growth of money and credit that made all of this possible. When money and credit are created, the most common vehicle to get the fiat garbage into the…
24Oct2008 | Oxbury Research | Comments Off | ContinuedFannie and Freddie: Only the Tip of the Iceberg
Easy Al Greenspan has stepped out of his cave and opened his big fat mouth again. This time, Al felt it necessary to propose that the United States of America have specific “laws that authorize the Treasury to use taxpayer money to counter systemic financial breakdowns transparently and directly.â€
Where to start…I mean, Alan Greenspan is a socialistic, Keynesian Loving, politician pleasing, power and greed driven **explicit delete, explicit delete**, piece of **explicit delete**. To think that this guy was a self proclaimed libertarian.
It’s really ironic that Easy Al even has the audacity to comment on the current mess we are…
9Sep2008 | Oxbury Research | Comments Off | Continued
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