Guy who is pro welfare state but anti Keynes is a new one, there’s so many beautiful cranks in the world. - ThreadSky

regimecpa.bsky.social • 2 days ago

Guy who is pro welfare state but anti Keynes is a new one, there’s so many beautiful cranks in the world.

Reposted from the free market welfare state 📈⚖️

you optimize that by addressing market failures and redistributing wealth via taxes and subsidies having negative or neutral deadweight loss. keynesianism is pure idiocy.

bsky.app/profile/capi...

Comments

jdcmedlock.bsky.social•2 days ago

Same guy btw

lordkeynes42.bsky.social•2 days ago

He is in my reply lol

regimecpa.bsky.social•2 days ago

It’s beautiful that this guy thinks scolding a Nobel laureate about their theory is not crank behavior, this is legendary posting

capitalist.bsky.social•2 days ago

I can tell James really got his feelings hurt here.

jdcmedlock.bsky.social•2 days ago

Clay, in your own way you are a legend

capitalist.bsky.social•2 days ago

you can be cute all you want, but you can't actually support your position with evidence and that's what really matters.

capitalist.bsky.social•2 days ago

and what I said there was 100% correct. I'm literally one of the co-founders of the center for election science, basically the only non-profit that does election reform rooted in social choice theory. what in God's name do you think you're proving with this?

capitalist.bsky.social•2 days ago

many of these social choice theory PhD folks made idiotic mistakes. here's proof of it from Warren Smith, a Princeton math PhD himself.

https://www.rangevoting.org/ArrowThm

I know it really helps you to believe this was written by some crank but sorry.

inv1nciblesummer.bsky.social•2 days ago

Clay Shentrup? More like Clay, SHUT UP

buddyyakov.bsky.social•2 days ago

That's just called pre-1940s social democrats. Hilferding defended austerity and the gold standard.

buddyyakov.bsky.social•2 days ago

Or German ordoliberals of some stripes.

greysmithereens.bsky.social•2 days ago

Need recessions to make the people materially deprived enough to support the welfare state

nicholashandler.bsky.social•2 days ago

Welfare state but only when the economy is good

boaconstrictor.bsky.social•2 days ago

Ahh, Mr. "Morality is roughly log2 of consumption"

https://bsky.app/profile/capitalist.bsky.social/post/3llxlqjunss2f

capitalist.bsky.social•2 days ago

I covered this in great depth here. rigorously researched. debated ChatGPT to death and so forth. Cited "experts" like Singer.

https://music.youtube.com/watch?v=MWgZviLNPCM&si=PCyN2a89eF1RHdHr

capitalist.bsky.social•1 day ago

you can try to be funny but you can't actually refute anything I said here.

boaconstrictor.bsky.social•1 day ago

You sound pretty certain. What makes you so sure?

capitalist.bsky.social•1 day ago

the weight of the evidence. happy to hear your feedback/criticism of the episode. it's only 20 minutes.

nonsense-opinions.bsky.social•2 days ago

It was very common on the left to believe that deficits were bad, because governments generally only had them to fund wars.

nonsense-opinions.bsky.social•2 days ago

*Pre-30s

supremerobo.bsky.social•2 days ago

That's just being a classical Marxist tbh

regimecpa.bsky.social•2 days ago

The free market welfare state

capitalist.bsky.social•1 day ago

I talked this through with Gemini and I'm definitely correct. did you think we should fight sticky wages, then you're arguing we should outlaw venture capital and futures markets and even insurance. 🤦‍♂️ don't even know what you don't know.

dustyponcho.bsky.social•1 day ago

You are suffering from a mental disorder and require psychiatric assistance.

capitalist.bsky.social•1 day ago

you have every opportunity to show evidence I'm incorrect.

capitalist.bsky.social•2 days ago

you are deeply confused. you can redistribute wealth without dead weight loss. Pigovian taxes have negative dead weight loss. Land value taxes have neutral dead weight loss. Ubi has neutral dead weight loss. please try to understand at least basic econ 101 concepts here.

regimecpa.bsky.social•2 days ago

You’re confusing me with someone who thinks you’re not a crank.

capitalist.bsky.social•2 days ago

if you think I'm a crank, it would be helpful to cite evidence that anything I said was incorrect. you are clearly deeply confused about what keynesianism means if you think it is tantamount to a welfare state.

boomies-n-zoomies.bsky.social•2 days ago

“Debate me!” Has never once worked once people have decided that you’re a crank. Just saying

capitalist.bsky.social•2 days ago

if you decide someone's a crank before even making a basic effort to understand their argument or cite counter argument and see if they can refuted, it may be you who is the crank.

boomies-n-zoomies.bsky.social•2 days ago

You really have no clue how insane you sound huh? Man, that is really interesting.

Anyways, good luck with your life and whatever.

capitalist.bsky.social•2 days ago

a market approach doesn't pick goals, it fixes market failures and lets the market choose the goals.

there's a good reason it does this.

https://www.econlib.org/library/Essays/hykKnw.html

capitalist.bsky.social•2 days ago

keynesianism is about picking arbitrary goals and trying to manipulate the market to create them, rather than simply removing market failures and letting the market work. e.g. trying to manipulate employment.

kitschygay.bsky.social•2 days ago

Guy who learns what a Pigouvian tax is and then mentions it as frequently as possible

pogtastic.bsky.social•2 days ago

Is it a tax levied by the complex bureaucratic state described in the works of Sandra Boynton?

shoe.bsky.social•2 days ago

We should tax mentions of the Pigouivan tax

lordkeynes42.bsky.social•2 days ago

This is correct and morally correct.

capitalist.bsky.social•2 days ago

why do you love dead weight loss?

phil367.bsky.social•2 days ago

It seems like he either stole arguments from or bugged Nick Rowe of Worthwile Canadian Initiative, because his arguments are incredibly close to ones he uses, except he admits that involuntary unemployment is a problem.

phil367.bsky.social•2 days ago

I should clarify that Nick Rowe believes involuntary unemployment is a problem.

phil367.bsky.social•2 days ago

He tried explaining that involuntary unemployment is "Pareto efficient", and haw hawed at me for not understanding it, despite being clueless that it was an externality. He also doesn't believe in excess supply of anything, apparently, since you can just use output.

Comments

Posting Rules

Reply