Comment on Arnold Schwarzenegger: I'd be a great US president
possiblylinux127@lemmy.zip 1 year agoI don’t think you understand economics. The economy naturally booms and crashes since the dawn of time.
The key is to slow down the boom and speed up the crash so we don’t end up with the economy totally crashing
gravitas_deficiency@sh.itjust.works 1 year ago
I am familiar with Keynesian economics. I am not suggesting that regulations fully prevent crashes, either then or now.
What I am saying is that removing the guardrails so you can cut corners even more aggressively in the interest of profit works great until you crash in a way that the guardrails would have made the crash suck a lot less.
possiblylinux127@lemmy.zip 1 year ago
I’m not familiar with “Keynesian economics”. However I do think cutting corners is something that is common with many industries. It isn’t because of profit but is more related to the desire not to go out of business. Competition is normally a good thing as it drives down prices while increasing options for customers. The fix to this is to bad behavior with fines or outright bans.
gravitas_deficiency@sh.itjust.works 1 year ago
lmao you fucking muppet it’s the foundational ideology to what you’re trying to express. The fact that you freely admitted that you haven’t heard of it is an implicit admission of complete ignorance on the topic you’re attempting to push. Kindly cease attempting to misinform people.
possiblylinux127@lemmy.zip 1 year ago
On the contrary, I think you might be mislead. I have never heard of “Keynesian economics” until today and I haven’t seem any paper, journals or other such media to back your claims. I’m not a professional economist but it seems like you are just following someone or something blindly.