So Honda shouldn't borrow money to build a new plant but should save up until they can pay cash? Borrowing now to build productivity and cash flow later is a delicate move on such a large scale, to be sure, but that's a far cry from it being bunk science.
p.s. the gold standard didn't work.
To compare it to a a business taking out a loan is nonsensical. Businesses repay loans, and those loans are backed by assets (such as the business or the plant being built)
You represent exactly the problem I'm talking about. You know nothing about economics and you can't even make an economic argument (re: your assertion about the gold standard) yet you are totally convinced that I said something wrong. You have been taught to believe junk science and not only to believe it, but to believe that anyone who speaks differently is somehow wrong and not worth arguing with. This is ideological conditioning, and politicians use it effectively to be able to put one over on you, and others like you. Since much of the population was educated in government run schools to engage in non-think this way, I will never convince you.
And that is why this countries economy is going to continue to crater, until we have a major political upheaval.
Sorry for the bile, but wow is this ideology, and it's increasing presence on this site, getting tedious to me.
These ideas are not new. They are not as brilliant as you think, and in fact are a sign of intellectual immaturity - a stage that you grow out of once you start to realize how irreducibly complex the actual world is.
Or maybe I'm wrong, and you have figured it all out. Luckily for you we have a system that's perfect for people who know for certain how the economy will behave. Let me know when you've made your billions shorting the US economy. A great way to get past believing in simplistic ideologies is to start putting your money where your mouth is.
I made a killing knowing the housing market was going to be in a bubble. Ni figured this out around 2001 so I got to work both sides-- the run pup and the fall. I make a handsome income betting on economic ignorance in the us, and so I should thank you for taking the other side of some very profitable trades.
I do so well that I don't have to work for others and can fund my own startup ideas at funding levels equivalent to small VC deals or large angel deals.
The reality is, civilizations and economists have figured out the science I am attempting to educate you on. Keynesianism is relatively new, which apparently is news to you.
The problem you have us that you reject the science of economics because it doesn't agree with your socialist religion. You probably don't even think of yourself as a socialist.
Ultimately your ignorance and resorting to personal attack instead of argument, and the ditto head voting in this thread prove my thesis.
I've always come to this site for interesting and novel ways of looking at the world. What you're offering is neither. We've heard it before.
Perhaps instead of considering all the negative votes as further reinforcement of your views, how about looking at it this way: maybe it's the wisdom of the crowds telling you that your ideology isn't as revolutionary or as brilliant as you think it is, and maybe it's a sign that using HN as a soapbox for it isn't welcome.
This has nothing to do with socialism (or whatever you perceive to be your ideological enemy). It's about the the intellectual value of what you are bringing to the conversation.