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Grover Norquist Compares Stimulus Spending To Scientology (Video) (Huffington Post)

OperatingSP

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Huffington Post: Grover Norquist Compares Stimulus Spending To Scientology (Video)
http://www.huffingtonpost.com/2012/11/29/grover-norquist-stimulis_n_2213126.html

Excerpt:
Norquist dismissed those who believe in government spending to stimulate the economy, comparing the belief to Scientology.

"This is called Keynesianism, and they've got nice churches, and they truly believe this, they're like Scientologists with their little black boxes," he said.
HT: https://www.facebook.com/groups/339486949466120/permalink/382265188521629/
 
Re: Grover Norquist Compares Stimulus Spending To Scientology (Video) (Huffington Pos


Grover is the one who is out of touch with reality. :eyeroll:

We are all Keynsians now. - Milton Friedman

Friedman was the father of the modern monetarist movement and as a leading economist he understood the basic validity of the Keynesian model, unlike Norquist who is just another anti-tax political ideologue and pro-corporate lobbyist.


Mark A. Baker
 

Auditor's Toad

Clear as Mud
Re: Grover Norquist Compares Stimulus Spending To Scientology (Video) (Huffington Pos

Grover is the one who is out of touch with reality. :eyeroll:



Friedman was the father of the modern monetarist movement and as a leading economist he understood the basic validity of the Keynesian model, unlike Norquist who is just another anti-tax political ideologue and pro-corporate lobbyist.


Mark A. Baker

Oh come now MAB, the dude doesn't like scio to lo g & pisses on it..... good man !

I'd gladly share a fine wine with him !
 

Dave B.

Maximus Ultimus Mostimus
Re: Grover Norquist Compares Stimulus Spending To Scientology (Video) (Huffington Pos

Grover is the one who is out of touch with reality. :eyeroll:



Friedman was the father of the modern monetarist movement and as a leading economist he understood the basic validity of the Keynesian model, unlike Norquist who is just another anti-tax political ideologue and pro-corporate lobbyist.


Mark A. Baker


That right there tells me you don't have much economic history in your grasp. Keynesianism is like an old whore who has got money and is now "respectable". It was excoriated as nonsense for many years by economists who knew better.
 

BunnySkull

Silver Meritorious Patron
Re: Grover Norquist Compares Stimulus Spending To Scientology (Video) (Huffington Pos

That right there tells me you don't have much economic history in your grasp. Keynesianism is like an old whore who has got money and is now "respectable". It was excoriated as nonsense for many years by economists who knew better.

Actually your post demonstrates your complete lack of economic history and completely falling for propaganda rather than understanding actual economic theory.

Friedman was factually the old whore, his work bought and paid for by FEE (a association of realtors and early arm of the Chamber of Commerce) and he was convicted for it.

According to Congressional hearings on illegal lobbying activities '46 was the year that Milton Friedman and his U Chicago cohort George Stigler arranged an under-the-table deal with a Washington lobbying executive to pump out covert propaganda for the national real estate lobby in exchange for a hefty payout, the terms of which were never meant to be released to the public.

The arrangement between Friedman and Stigler with the Washington real estate lobbyist was finally revealed during he Buchanan Committee hearings on illegal lobbying activities in 1950.

Since like most Friedman fanboys riddled with confirmation bias and little comphrension of real economics or the history of Friedman's propaganda and work, you've probably never heard of Buchanan Committee, despite your claims to expertise. Therefore, a little reading may help enlightening you on Friedman's career as a paid hack and corporate propagandist:
 
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Re: Grover Norquist Compares Stimulus Spending To Scientology (Video) (Huffington Pos

... Friedman was factually the old whore, his work bought and paid for by FEE (a association of realtors and early arm of the Chamber of Commerce) and he was convicted for it. ...

That is true, nonetheless his economic work on monetary theory is of great value. Unfortunately for Friedman, as brilliant as that technical work was, he was not equally brilliant as a general economist.

In particular and despite his Nobel, his reputation as a general economist is slight in comparison to several of his contemporaries, and most especially that of Paul Samuelson. Friedman's views on political economics are most popular among traditional laissez faire political types, rather than those with a genuine understanding and appreciation for the inherent interdependence, chaos, and complexities of real economies.


Mark A. Baker
 

Dave B.

Maximus Ultimus Mostimus
Re: Grover Norquist Compares Stimulus Spending To Scientology (Video) (Huffington Pos

Actually your post demonstrates your complete lack of economic history and completely falling for propaganda rather than understanding actual economic theory.

Friedman was factually the old whore, his work bought and paid for by FEE (a association of realtors and early arm of the Chamber of Commerce) and he was convicted for it.



Since like most Friedman fanboys riddled with confirmation bias and little comphrension of real economics or the history of Friedman's propaganda and work, you've probably never heard of Buchanan Committee, despite your claims to expertise. Therefore, a little reading may help enlightening you on Friedman's career as a paid hack and corporate propagandist:


So you're OK with deficit spending? That is one of the main tenets of Keynesianism. Just another step on the path to governments relinquising monetary control to a Central Banking Cartel. (Keynes was a founder of the IMF and the World Bank.) You're OK with Central Bank control of government monetary policy?

Do you even realise that governments are franchises of and have monetary policy dictated by the IMF and World Bank and that there isn't a single government on this planet that is Sovereign? Sovereignty being inherent in the deciding what their own monetary policy is.




 

guanoloco

As-Wased
Re: Grover Norquist Compares Stimulus Spending To Scientology (Video) (Huffington Pos

Grover is the one who is out of touch with reality. :eyeroll:



Friedman was the father of the modern monetarist movement and as a leading economist he understood the basic validity of the Keynesian model, unlike Norquist who is just another anti-tax political ideologue and pro-corporate lobbyist.


Mark A. Baker

What's the basic validity of the Keynesian model?
 
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