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The Importance of Being Experienced


By Peter Berkowitz

After the inglorious defeat of his cross country campaign to win passage of his second stimulus bill in the Democratic Party controlled Senate, only diehard supporters still share President Obama’s apparently unshaken confidence in his speech-making prowess. But it would be a mistake to dwell on his followers’ idolization and the president’s vanity.


Obama seems to believe that the soaring rhetoric that propelled him to the presidency supplies a way of governing that offsets his stunning lack of executive experience. Fawning admirers reinforce the illusion. But the illusion stems from the progressive academy from which the president emerged.


While his quest continues to spin economic policy straw into legislative gold, it is in foreign policy—where the president’s actions are least subject to dilution or deflection by Congressional checks and balances—that Obama's belief in the magic of his words is most evident.


Consider Iran. The president’s proudly touted policy of engagement—pursuing political goals by speaking more smartly and sympathetically—has been a complete bust. In March 2009, with a video New Year’s message, the president sought to go over the mullahs’ heads and communicate directly with the Iranian people. His striking silence three months later in the face of Iran’s brutal suppression of citizens protesting the corrupt June 2009 Iranian presidential election suggested that he harbored hopes of winning over the mullahs, too.


Both charm offensives proved to no avail. Worse, by silently standing by as Tehran repeatedly flouted his repeatedly declared deadlines for suspending its enrichment of uranium, the president has permitted Iran’s nuclear program, which presents grave threats to regional stability and international order, to approach or perhaps pass the point of no return. And now we learn that Iran has been plotting to commit acts of war against the United States by blowing up foreign officials on our soil.


In addition, Obama’s words undermined negotiations between Israel and the Palestinians. Breaking new ground in 2009 by announcing that Israel must cease all construction beyond the Green Line (while imposing no new demands on the Palestinians), Obama compelled—or handed Palestinian President Mahmoud Abbas the opportunity—to insist that an Israeli construction freeze was a condition for continuing negotiations.


Abbas could not allow himself to appear to be less zealous on behalf of Palestinian interests than the President of the United States. Reaping what it has sown, the Obama administration was compelled to oppose—lamely, as it turned out—President Abbas’s reckless pursuit of a UN declaration of Palestinian statehood. The Obama administration will almost certainly find itself in the awkward position of vetoing Abbas’s end run around negotiations with Israel should his bid for Palestinian statehood come to a vote in the UN Security Council.


And Senator Obama waxed eloquent during the 2008 campaign about the fierce urgency of shuttering the Guantânamo Bay detention facility. In office, he quickly signed an executive order directing Gitmo’s closure within a year. This, he loftily proclaimed, would “restore the standards of due process and the core constitutional values that have made this country great even in the midst of war, even in dealing with terrorism.” But the president’s self-righteous speechifying collided with the complex considerations involved in balancing security and liberty. Almost three years later, the detention facility remains open with no alternative in sight.


Apologists, including the president, say that matters look different from the inside. But that’s a vital lesson of experience our leaders should be expected to acquire before they are sworn in.


Over-reliance on rhetoric and disdain for experience run deep in Obama, who himself arrived in the White House bereft of background in foreign policy and national security. In fact, no post-World War II administration has had less total foreign policy and national security experience among its top officials—Secretary of Defense, Secretary of State, and National Security Advisor—than has the Obama administration now.


Obama’s inflation of speech and depreciation of experience reflect two dominant theories in the legal academy in which he spent fifteen years, three as a student at Harvard Law School and twelve as a faculty member at the University of Chicago Law School.


One theory, deliberative democracy, purports to expand and improve conversation among citizens. In practice, however, it appropriates the term “democratic” and reserves it, regardless of where majorities stand, for public policies and laws that are derived from a complex system of abstract ideas. The operation of this system is comprehensible only to a small circle of professors and students, and its results are consistently progressive.


The other theory, pragmatism, takes pride in the open-minded and experimental search for workable political solutions. But it tends to display flexibility only in regard to means. Academic pragmatism holds tight, with dogmatic certainty, to progressive ends.


Both deliberative democracy and pragmatism are forms of progressivism masquerading as imperatives of reason. Both place a premium on vindicating policy theoretically and marketing it rhetorically. Both depend on the devotion of partisan intellectuals. And both downplay the knowledge gained from working in the field.


The American constitutional tradition provides a corrective. The Federalist lauds experience as “the least fallible guide of human opinions” (No. 6); “the oracle of truth” (No. 20); and “the guide that ought always to be followed whenever it can be found” (No. 52). Experience is “nowhere more desirable or more essential,” according to Federalist 72, “than in the first magistrate of the nation.”


To be sure, our leaders can’t reasonably be expected to acquire experience in all relevant areas. But we can expect them to become students of history, which, Federalist 5 observes, provides the opportunity to learn from others’ “experience without paying the price which it cost them.”


The Founders, political men and soldier-citizens steeped in history, shared their contemporary Edmund Burke’s view that prudence, the knowledge nurtured by experience and the virtue of reasoning about concrete circumstances, is “the god of this lower world” and the “supreme guide” in politics.


Prudence is neither opposed to nor independent of principle. Indeed, no small part of prudence consists in shepherding principles—with a place of honor in a liberal democracy reserved for the principles of individual freedom and the consent of the governed—through the dense medium of politics.


This shepherding requires reckoning with the contingencies of human affairs and the certainty of unexpected events. It culminates in the fashioning of courses of action that cannot be derived from abstract ideas but are more faithful to both principle and reality than theory-driven policymaking.


Experience of course does not guarantee sound policy and execution. But its absence invites arrogance and foolhardiness.


President Obama’s belief in the supremacy of rhetoric has left him particularly incapable of drawing lessons from experience. His propensity to chalk up setbacks to deficiencies in explaining himself or, as he recently put it in an interview on Black Entertainment Television, “telling a story to the American people” is hardly surprising. If all you have is a hammer, everything looks like a nail. If you believe that the essence of politics is speech, then you will perceive failure as failure to communicate.


In 2008, Obama claimed—to the approval of an adoring and credulous media—that running his presidential campaign gave him the necessary experience to be president. He certainly was astonishingly successful in simultaneously appealing to progressives and moderates while obscuring his transformative goals.


But not all knowledge is equal and not all experience is fungible. Knowledge of branding and selling oneself differs from knowledge of the economy, of foreign affairs, and national security. And experience in manufacturing and manipulating words and images is no substitute for the experience of crafting wise policy and executing it responsibly.


So, with every passing day, confirms our speechmaker-in-chief.




Peter Berkowitz is the Tad and Dianne Taube Senior Fellow at Stanford University’s Hoover Institution.


http://www.realclearpolitics.com/articles/2011/10/21/the_importance_of_being_experienced_111770.html
 

dirtysnowball

Well-Known Member
its been harder to find a good job for a few years now... i hope they start drilling for more of our oil

and i agree, we need a leader thats actually led something before... like a business or something.
 

mame

Well-Known Member
its been harder to find a good job for a few years now... i hope they start drilling for more of our oil
Why? Even using the grossly inaccurate data Republicans are using to claim drilling would create 1.2 million jobs (the study is from the American Petrolium Institute... lol like that isn't a biased source of info), those jobs wouldn't materialize until the end of the decade - if at all. The reason I said "if at all" is because this study uses absolutely insane and unrealistic multipliers to find that 1.2 million number... What kind of multiplier you ask? Well, 2.5. Yes, 2.5. That is absolutely ridiculous and unreasonable and that is well known by anyone with a trained eye... This policy WOULD NEVER achieve a multiplier of 2.5. Therefore, 1.2 million jobs would be impossible to achieve with this policy. And yes, they would be coming at the end of the decade:
drillingeffectonjobcreation.jpg

Meanwhile, the newest Obama stimulus could very well create ~ 1 Million Jobs in one year if it were passed.
 

dukeanthony

New Member
Jimi Hendrix is the only person I can think of that has been experienced


If you can just get your mind together
then come across to me
We'll hold hands an' then we'll watch the sun rise
from the bottom of the sea
But first

Are You Experienced?
Ah! Have you ever been experienced?
Well, I have

I know, I know
you'll probably scream n' cry
That your little world won't let go
But who in your measly little world are trying to prove that
You're made out of gold and -a can't be sold

So-er, Are You Experienced?
Ah! Have you ever been experienced?
Well, I have

Ah, let me prove it to you
I think they're calling our names
Maybe now you can't hear them, but you will
if you just take hold of my hand

Ah! But Are You Experienced?
Have you ever been experienced?

Not necessarily stoned, but beautiful
 

deprave

New Member
Why? Even using the grossly inaccurate data Republicans are using to claim drilling would create 1.2 million jobs (the study is from the American Petrolium Institute... lol like that isn't a biased source of info), those jobs wouldn't materialize until the end of the decade - if at all. The reason I said "if at all" is because this study uses absolutely insane and unrealistic multipliers to find that 1.2 million number... What kind of multiplier you ask? Well, 2.5. Yes, 2.5. That is absolutely ridiculous and unreasonable and that is well known by anyone with a trained eye... This policy WOULD NEVER achieve a multiplier of 2.5. Therefore, 1.2 million jobs would be impossible to achieve with this policy. And yes, they would be coming at the end of the decade:
View attachment 1850068

Meanwhile, the newest Obama stimulus could very well create ~ 1 Million Jobs in one year if it were passed.
Please.....you open this post up with the 'Republicans' lies about jobs...Ironically...The democrats are the ones leading the way in fake 'jobs' , outsourcing, and 'unemployment' statistics...Shit they all lie about it but the democrats are worse; the biggest of their lies is that we have exported all of our manufacturing jobs overseas...You finish your post saying that obama is going to create jobs, thats incredibly hilarious.....As soon as he creates any descent jobs is the day pigs fly.
 

Johnny Retro

Well-Known Member
its been harder to find a good job for a few years now... i hope they start drilling for more of our oil

and i agree, we need a leader thats actually led something before... like a business or something.
Agreed. Its funny. No one HERE supports the guy that turned a dying company into something. Also the guy that was raised in a project and is now a front runner in the GOP. Nooo that guy would be terrible for the country, he knows nothing about taking a whole lot of nothing, and turning it into something. :lol: They're to busy focusing on his social issuses. Yea, thats really what we need to be worrying about :roll:

Maybe people will see the light sometime soon.
 

redivider

Well-Known Member
Please.....you open this post up with the 'Republicans' lies about jobs...Ironically...The democrats are the ones leading the way in fake 'jobs' , outsourcing, and 'unemployment' statistics...Shit they all lie about it but the democrats are worse; the biggest of their lies is that we have exported all of our manufacturing jobs overseas...You finish your post saying that obama is going to create jobs, thats incredibly hilarious.....As soon as he creates any descent jobs is the day pigs fly.
nothing like well substantiated facts and logical arguments....lol
 

Charlie Ventura

Active Member
Agreed. Its funny. No one HERE supports the guy that turned a dying company into something. Also the guy that was raised in a project and is now a front runner in the GOP. Nooo that guy would be terrible for the country, he knows nothing about taking a whole lot of nothing, and turning it into something. :lol: They're to busy focusing on his social issuses. Yea, thats really what we need to be worrying about :roll:

Maybe people will see the light sometime soon.
The further along the campaign goes, the more I like Cain. Finally, someone who is talking seriously about abolishing the current tax code.

How about a Cain/Rubio ticket? That would drive the progressives completely bonkers. :lol:

 

WillyBagseed

Active Member
Cain / Rubio = Guaranteed Obama win


Peter Berkowitz is braindead, couldn't even get tenure at Harvard and who the fuck cares about yale.
 

laughingduck

Well-Known Member
Why? Even using the grossly inaccurate data Republicans are using to claim drilling would create 1.2 million jobs (the study is from the American Petrolium Institute... lol like that isn't a biased source of info), those jobs wouldn't materialize until the end of the decade - if at all. The reason I said "if at all" is because this study uses absolutely insane and unrealistic multipliers to find that 1.2 million number... What kind of multiplier you ask? Well, 2.5. Yes, 2.5. That is absolutely ridiculous and unreasonable and that is well known by anyone with a trained eye... This policy WOULD NEVER achieve a multiplier of 2.5. Therefore, 1.2 million jobs would be impossible to achieve with this policy. And yes, they would be coming at the end of the decade:
View attachment 1850068

Meanwhile, the newest Obama stimulus could very well create ~ 1 Million Jobs in one year if it were passed.


And if we started a heavy drilling movement 10 years ago we would have jobs now, same ol horseshit! Put it off as long as you can until there is a crisis to compel everyone to act. Libs will block until their last breath, which isn't very far away.
 

mame

Well-Known Member
And if we started a heavy drilling movement 10 years ago we would have jobs now, same ol horseshit! Put it off as long as you can until there is a crisis to compel everyone to act. Libs will block until their last breath, which isn't very far away.
The bill proposes we roll back decades of regulations aimed at protecting the environment, that's another obvious reason Liberals are against it.

Besides, the bill will NOT create 1.2 Million jobs, and we'd be lucky to get half that many from such an act - several years from now. If the proposal created 600k jobs over 8 years that's not even close to what'd be needed to reach full employment let alone make a dent in the enemployment rate... The newest Obama stimulus - if enacted in full - would create ~1 million jobs next year (and that's based on actual math and data with empirically tested multipliers). 1 Million jobs split over a year would absolutely make a dent in the unemployment rate, and it does so without polluting our air and water.
 

Charlie Ventura

Active Member
How about just turning the water back on in California's Central Valley? There's almost a 40% unemployment rate in the area and farmers are on food stamps just to feed their families. All to save a little fish.

Mame ... in your opinion, does Environmentalism trump human survival?
 

Johnny Retro

Well-Known Member
Guys, lets just keep spending, that will help us! I think if we get up to 20 trillion in debt, THATS When all the jobs will be created. IMO
 

UncleBuck

Well-Known Member
How about just turning the water back on in California's Central Valley? There's almost a 40% unemployment rate in the area and farmers are on food stamps just to feed their families. All to save a little fish.

Mame ... in your opinion, does Environmentalism trump human survival?
that little fish is a critical part of the food chain. save the farmers to screw the fishermen?

short-sighted talking point you got from hannity. way to be a good little parrot.
 

MuyLocoNC

Well-Known Member
The newest Obama stimulus - if enacted in full - would create ~1 million jobs next year (and that's based on actual math and data with empirically tested multipliers)
Bwahahahaha. Is that the same math and multipliers that created or saved millions of jobs from the first stimulus? You guys are trying to iceskate uphill, there are maybe 5 or 6 hardcore liberal idiots on here that actually believe that bullshit. All these politicians fabricate these rosy projections, it's just that this administration has elevated it to an artform.

that little fish is a critical part of the food chain. save the farmers to screw the fishermen?

short-sighted talking point you got from hannity. way to be a good little parrot.
Yes, we need to shut down a vital industry to save the little fishy. Sounds remarkably similar to lies the Eco-loons regurgitated during the spotted owl fiasco.
 

Brick Top

New Member

http://reason.com/blog/2011/10/25/was-fiscal-irresponsibility-pa/email
Was Fiscal Irresponsibility Part of ObamaCare's Plan?



Peter Suderman


In response to the Obama administration’s decision to close the doors on ObamaCare’s long-term care benefit, the CLASS Act, The Cato Institute’s Michael Cannon wonders whether ObamaCare might have been intended to be fiscally irresponsible:


[Ezra] Klein writes, "One way of looking at the administration's [CLASS] decision is that it shows a commitment to fiscal responsibility." If so, then let's handle the rest of Obamacare exactly the same way. Congress should require Obamacare's health insurance provisions to be voluntary and self-sustaining, just like CLASS: no individual mandate, no taxpayer subsidies.


Or is fiscal irresponsibility part of the plan?






Perhaps it is. Is that too conspiratorial? In most cases I would say yes, but it's widely agreed that that was the plan with the Massachusetts health reform that became the model for ObamaCare. RomneyCare was passed under the buy now, pay later theory of health reform: coverage first, cost control later. And there's reason to believe that ObamaCare was passed with a similar M.O.


Romney's Bay State plan was passed with the intention of spurring politically difficult cost-controls by increasing health insurance coverage. With everyone invested and greater budgetary pressure on the system as a result, the thinking went, authorities would have no choice but to pass tough cost-control measures. A recent New York Times report explains:


Those who led the 2006 effort to expand coverage readily acknowledge that they deferred the more daunting task of cost control for another day. It was assumed then that the politics would pit doctors, hospitals, insurers, employers and consumers against one another, and obliterate the fragile coalition behind the groundbreaking coverage law.


Predictably, the plan did little to slow the growth of health costs that already were among the highest in the nation. A state report last year found that per capita health spending in Massachusetts was 15 percent above the national average. And from 2007 to 2009, private health insurance premiums rose between 5 and 10 percent annually, according to another state study.


So, thanks to RomneyCare, coverage levels in Massachusetts have increased, and the state is certainly suffering from increased budgetary pressure. Despite years of effort, however, it hasn’t managed to pass those major cost-control measures. But it continues to try, and last year Gov. Deval Patrick went nuclear on the state’s individual insurance market.
ObamaCare’s backers argue that unlike the Massachusetts health care overhaul, the federal reform package includes a variety of innovative delivery system reform measures intended to control costs. Here's what Jonathan Gruber, who helped design both the Massachusetts overhaul and Obama’s plan, told The Washington Post in 2009:


Even if the bill did no cost control it would be an incredible thing for this country. But politically, it sets the stage for cost control in two senses. First, it puts in place all the things we can do now. It does comparative effectiveness and pilots and all the rest.


The best case for these reforms, however, is that they are risky bets on untested plans. As Congressional Budget Office director Douglas Elmendorf recently told Congress, the results produced by those sorts of government-driven health system innovations has often been “disappointing.” The problem, as Elmendorf explained, is that it turns out to be pretty hard to take ideas that seem to work in certain contexts and proliferate that throughout the health care system. The results are discouraging." Gruber, however, also argued that the same plan that was supposed to help control spending in Massachusetts would eventually work nationally:


But second, once you get coverage off the table, the conversation gets more focused on cost control....People say you can't do coverage without cost control. I think it's the opposite. You can't do cost control before coverage.


In a smart piece for the think tank e21 yesterday, Mercatus Research Fellow and Social Security Trustee Charles Blahaus noted that without CLASS, the administration’s repeated initial arguments that ObamaCare was somehow fiscally responsible fall apart. At this point, the only reason CBO still scores the law as reducing the deficit is because of Medicare payment reductions that are highly questionable. Here’s Blahaus:


There’s one main reason why the law—sans CLASS—now appears as a net budget positive in its out years. It is the assumption that future Congresses will sustain aggressive cuts in the growth of Medicare spending. Thus, our updated picture of the law turns rosier only when we bring 2020 and 2021 into the picture—and bring enormous projected Medicare cost reductions along with them. Unfortunately, this is precisely the point in time at which many experts, including Medicare’s own actuary, have expressed skepticism that such savings will be realized.... The inclusion of CLASS was central to advocates’ claims in 2010 that expanding federal health coverage would somehow improve rather than worsen the budget outlook. And had it not been for the CLASS gimmick, critics’ arguments about the other budget gimmicks used to pass the law would have been substantiated as well.


The failure of CLASS reinforces what critics have said all along: ObamaCare’s claims to fiscal responsibility were built on budget gimmicks and rosy assumptions. Now that CLASS is gone, we’re left with untested pilot programs, double counting, payment reductions that will be difficult at best to sustain—and the close-your-eyes-and-jump hope that increasing insurance coverage on the taxpayer dime will somehow create enough buy-in and budgetary pressure to take more radical cost control steps. In other words, it looks a lot like Cannon is right: Fiscal irresponsibility was the plan all along.


http://reason.com/blog/2011/10/25/was-fiscal-irresponsibility-pa
 

UncleBuck

Well-Known Member
Yes, we need to shut down a vital industry to save the little fishy. Sounds remarkably similar to lies the Eco-loons regurgitated during the spotted owl fiasco.
again, you are willfully ignoring the role that "little fishy" plays in propping up other industries, like the fishermen and all the other industries that depend on the fishermen.

it's a short-sighted hannity talking point that you are parroting.
 

Brick Top

New Member
Four Reasons Keynesians Keep Getting It Wrong

Concern over future tax rates is one of the main reasons for reduced investor confidence.



By ALLAN H. MELTZER



Those who heaped high praise on Keynesian policies have grown silent as government spending has failed to bring an economic recovery. Except for a few diehards who want still more government spending, and those who make the unverifiable claim that the economy would have collapsed without it, most now recognize that more than a trillion dollars of spending by the Bush and Obama administrations has left the economy in a slump and unemployment hovering above 9%.


Why is the economic response to increased government spending so different from the response predicted by Keynesian models? What is missing from the models that makes their forecasts so inaccurate? Those should be the questions asked by both proponents and opponents of more government spending. Allow me to suggest four major omissions from Keynesian models:


First, big increases in spending and government deficits raise the prospect of future tax increases. Many people understand that increased spending must be paid for sooner or later. Meanwhile, President Obama makes certain that many more will reach that conclusion by continuing to demand permanent tax increases. His demands are a deterrent for those who do most of the saving and investing. Concern over future tax rates is one of the main reasons for heightened uncertainty and reduced confidence. Potential investors hold cash and wait.


Second, most of the government spending programs redistribute income from workers to the unemployed. This, Keynesians argue, increases the welfare of many hurt by the recession. What their models ignore, however, is the reduced productivity that follows a shift of resources toward redistribution and away from productive investment. Keynesian theory argues that each dollar of government spending has a larger effect on output than a dollar of tax reduction. But in reality the reverse has proven true. Permanent tax reduction generates more expansion than increased government spending of the same dollars. I believe that the resulting difference in productivity is a main reason for the difference in results.



Third, Keynesian models totally ignore the negative effects of the stream of costly new regulations that pour out of the Obama bureaucracy. Who can guess the size of the cost increases required by these programs? ObamaCare is not the only source of this uncertainty, though it makes a large contribution. We also have an excessively eager group of environmental regulators, protectors of labor unions, and financial regulators. Their decisions raise future costs and increase uncertainty. How can a corporate staff hope to estimate future return on new investment when tax rates and costs are unknowable? Holding cash and waiting for less uncertainty is the principal response. Thus, the recession drags on.


Fourth, U.S. fiscal and monetary policies are mainly directed at getting a near-term result. The estimated cost of new jobs in President Obama's latest jobs bill is at least $200,000 per job, based on administration estimates of the number of jobs and their cost. How can that appeal to the taxpayers who will pay those costs? Once the subsidies end, the jobs disappear—but the bonds that financed them remain and must be serviced. These medium and long-term effects are ignored in Keynesian models. Perhaps that's why estimates of the additional spending generated by Keynesian stimulus—the "multiplier effect"—have failed to live up to expectations.


The Federal Reserve, too, has long been overly concerned about the next quarter, never more than in the current downturn. Fears of a double-dip recession, fanned by Wall Street, have led to continued easing and seemingly endless near-zero interest rates. Here, too, uncertainty abounds. When will the Fed tell us how and when it is going to sell more than $1 trillion of mortgage-related securities? Will Fannie Mae, for example, have to buy them to hold down mortgage interest rates?



By now even the Fed should understand that we do not have a liquidity shortage. It has done more than enough by adding excess reserves beyond any reasonable amount. Instead of more short-term tinkering, it's time for a coherent program to start gradually reducing excess reserves.


Clearly, a more effective economic policy would aim at restoring the long-term growth rate by reducing uncertainty and restoring investor and consumer confidence. Here are four proposals to help get us there:


First, Congress and the administration should agree on a 10-year program of government spending cuts to reduce the deficit. The Ryan and Simpson-Bowles budget proposals are a constructive start. (Note to Republican presidential candidates: Permanent tax reduction can only be achieved by reducing government spending.)



Second, reduce corporate tax rates and expense capital investment by closing loopholes.



Third, announce a five-year moratorium on new regulations.



Fourth, adopt an enforceable 0%-2% inflation target to allay fears of future high inflation.


Now that the Keynesian euphoria has again faded, perhaps this administration—or more likely the next—will recognize the reasons for the failure and stop asking for more of the same.


Mr. Meltzer, a professor of public policy at the Tepper School, Carnegie Mellon University and a visiting scholar at Stanford University's Hoover Institution, is the author most recently of "Why Capitalism?" forthcoming from Oxford University Press.


http://online.wsj.com/article/SB10001424052970204777904576651532721267002.html?mod=WSJ_Opinion_LEADTop
 

mame

Well-Known Member
This is such a joke... LOL

It's like you post articles you dont even understand! I'll blow up peice by peice when I get a chance, but the short version is that the article relies on "crowding out" and "confidence" to "disprove" keynesianism and those are in fact addressed in the models. Milton Friedman did great work on the Keynesian multiplier already, they happen to be very accurate(when he first started his work, he was looking to account for the effects of crowding out... his original hypothesis was that multipliers could never be greater than 1, which his own work ended up disproving). everything the article takes up as something that keynesianism doesn't take into account is indeed accounted for.

Like I said, I'll break this up peice by peice at some point... As of right now, however, I have some work that needs to be done within ~45 minutes... So you'll have to wait for the long answer.
 
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