Quote:
Originally Posted by purist
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yea you're definitely not deranged for thinking your walls of text in which you display a sorority girl's understanding of economics were read someone other than yourself and are of great consequence
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I just want to say that this is the only response I've ever gotten from a Keynesian when I questioned the effectiveness of monetary policy. It is the same argument Bernanke makes time and time again - hell, even in his day, Keynes himself used this argument when his "treatise on money" was challenged by Hayek.
Just keep winning arguments with this "well, you just don't understand it..." argument though - it's been working for you guys for the past 70 years.