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[–] novictim 1 point 0 points (+1|-1) ago  (edited ago)

Trump has driven the Left from favoring the Working Class and supporting Tariffs to now rejecting tariffs, supporting neoliberal "free trade", despite clear support for tariffs based on classical economic modeling. (Yes, tariffs are bad for the global economy but if you are a nationalist, who cares?). See Youtube for videos outlining the 6 benefits of tariffs using standard supply and demand curve illustrations.

And wasn't Stiglitz a Keynesian not that long ago? Yes! "We are all Keynesians now" said Stiglitz in 2008! (https://www.theguardian.com/commentisfree/cifamerica/2008/dec/05/us-economy-keynesian-economic-theory)). Keynes supported one important principle: BALANCED TRADE and NOT RUNNING TRADE DEFICITS. Man, that just the mention of the name "Trump" can get these has-been economists to sell out their entire thesis for the sake of Globalism is gob-smacking remarkable. Stiglitz, like all the Leftists, has sold out the American worker and the notions of a strong America. His only interests are for some nebulous "Internationale" Socialist one world-government that will never, ever happen. So disappointing.

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[–] therealkrispy ago  (edited ago)

Keynes was a maniac and the trust his school of economics places in the government is unsettling. Macroeconomics was the first economics class I took, and I walked away thinking "this is how the world economy works? It's the stupidest thing I've heard in my entire life!"

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[–] novictim ago  (edited ago)

If you are anti-Keynes then you did not vote for Trump. Hahahaha

Watch this and learn something:

Tariff - Trade Protectionism

https://www.youtube.com/watch?v=0X0X6iSXkMY