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<p>[QUOTE="forextrading, post: 1252711, member: 27085"]The ideology behind Keynesianism as I understand it (and correct me if I'm wrong) is that the public sector (read "government") can be a tool to finesse the overall economy, evening out the amplitude of the "business cycle." IMO, however, government does almost nothing right, precisely because of what you alluded to...that politicians are bought and paid for in our current crony-capitalist economic environment. Politicians are incentivized to "stimulate the economy" by paying off their campaign donors with pet projects. So in theory it may sound grand that government can "even out the business cycles" but this will never happen. Let's get government out of the way of the private sector and let the market determine everything from the value of the dollar to the value of gold. It's none of the Fed's business.[/QUOTE]</p><p><br /></p>
[QUOTE="forextrading, post: 1252711, member: 27085"]The ideology behind Keynesianism as I understand it (and correct me if I'm wrong) is that the public sector (read "government") can be a tool to finesse the overall economy, evening out the amplitude of the "business cycle." IMO, however, government does almost nothing right, precisely because of what you alluded to...that politicians are bought and paid for in our current crony-capitalist economic environment. Politicians are incentivized to "stimulate the economy" by paying off their campaign donors with pet projects. So in theory it may sound grand that government can "even out the business cycles" but this will never happen. Let's get government out of the way of the private sector and let the market determine everything from the value of the dollar to the value of gold. It's none of the Fed's business.[/QUOTE]
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The Book: "Aftershock" ... Opinions?
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