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View Diary: Why do conservatives hate Keynes (55 comments)

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  •  I'm sorry no (11+ / 0-)

    There is such a thing as causation in economics and you CAN prove someone wrong in economics.  It's not complete voodoo.  The problem is to prove something requires enough understanding to see the causation.  

    They believe Keynes was wrong for all kinds of reasons, but you have to look at what Keynes represented to them and what it is Keynes wanted for society that conservatives hate.  You should see the conservative view of labor leaders in the earlier part of this century to get the idea.  "You want the people working under us to take control?  That'd be like letting a monkey drive a car!"

    "Hatred is never appeased by hatred in this world. By non-hatred alone is hatred appeased. This is a law eternal."

    by sujigu on Sat May 11, 2013 at 06:01:50 PM PDT

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    •  Their opposition to Keynes was ideological, (0+ / 0-)

      moral and personal, not technical, even though it was presented as such for intellectual cover. They just didn't like the idea of having their taxes raised to eventually pay for deficit spending that helped OTHER, non-deserving people, even if that spending ending up benefiting them in the end and giving them a higher income even with higher tax rates. Just as we reject "tax cuts that pay for themselves", because there's no such thing (at least at current rates), they reject tax increases that pay for themselves, even though the ones Keynes supported do that in the end. They're just stingy and mean, and are interested in protecting their money, not growing the economy or helping others.

      "Liberty without virtue would be no blessing to us" - Benjamin Rush, 1777

      by kovie on Sun May 12, 2013 at 07:11:13 AM PDT

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