keynesians

The problem is that Keynesians also apply that thinking to countries that have independent monetary policy like the UK, Switzerland and the US.

They espouse fiscally conservative rhetoric while being ardent Keynesians in practice, usually through military spending and financial bubble-blowing.

They need educated Keynesians such as yourself to disabuse them of those horrible graphs they keep showing.

Why is it that Keynesians believe that money just gets stuffed under a mattress or stockpiled somewhere?

In one sense, we are all Keynesians now; in another, no one is a Keynesian any longer....

The greatest trick the keynesians ever pulled, was convincing the world that some inflation is healthy, and all deflation is cause for fear.

I see a lot of people in this thread claiming that massive QE equals fiscal profligacy, that it means that the Keynesians have gotten exactly what they want.

I see QE more as a band-aid, used because fiscal stimulus is politically unattainable, since Keynesians are out of power nearly everywhere.

[1] Recall why Keynesians promote inflation - to inflate away real wages, which this cut also did.

Modern Keynesians have disproved it's necessity and yet...

Market monetarists and Keynesians agree that austerity is a terrible policy for countries in the Eurozone, because they do not have independent monetary policy to make up for their decreased spending.

Funny thing is that rent control is one of these issues that is non controversial among economists, from the most Keynesians to the most libertarians, they all agree that it's a bad idea.

A better question would be, "what predictions did Krugman make which disagreed with non-Keynesians that turned out right (or wrong)?" Various ideological enemies of Krugman made these same predictions.

Nitpick - I'm pretty sure Friedman never said "we are all Keynesians now," I think it was Nixon who said it (much to Friedman's dismay).

This is what monetarism is supposed to accomplish by lowering interest rates and why Milton Friedman famously stated that "we are all Keynesians now." If it were a practical objection with the pennies I suppose one could answer it by adding another slot that converted 95 pennies into single dollar bills every five minutes.

The view that inflation is not solely driven by money supply is hardly limited to Keynesians.

Keynesians advocate for large amounts of public spending during recessions to stimulate the economy.

People believing Keynes is the reason we're in this mess now, and why 'noone' (the Keynesians) didn't see it coming.