{"id":1910,"date":"2011-11-15T17:56:57","date_gmt":"2011-11-15T22:56:57","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=1910"},"modified":"2011-11-15T17:56:57","modified_gmt":"2011-11-15T22:56:57","slug":"keynes-vs-hayek-bullard-knows-which-one-floats-his-boat-real-time-economics-wsj","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/15\/keynes-vs-hayek-bullard-knows-which-one-floats-his-boat-real-time-economics-wsj\/","title":{"rendered":"Keynes vs. Hayek? Bullard Knows Which One Floats His Boat &#8211; Real Time Economics &#8211; WSJ"},"content":{"rendered":"<p>[St. Louis Fed President James Bullard] notes Keynes\u2019 axiom that governments should borrow to stimulate demand when the private sector falters is being proved false by the way markets are reacting to ballooning deficit spending in Europe.<\/p>\n<p>The [lesson of the] European crisis is \u201cyou do not want your country to be reliant on international financial markets to a large degree.\u201d<\/p>\n<p>via <a href=\"http:\/\/blogs.wsj.com\/economics\/2011\/11\/15\/keynes-vs-hayek-bullard-knows-which-one-floats-his-boat\/?mod=djemRTE_t\">Keynes vs. Hayek? Bullard Knows Which One Floats His Boat &#8211; Real Time Economics &#8211; WSJ<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[St. Louis Fed President James Bullard] notes Keynes\u2019 axiom that governments should borrow to stimulate demand when the private sector falters is being proved false by the way markets are reacting to ballooning deficit spending in Europe. The [lesson of the] European crisis is \u201cyou do not want your country to be reliant on international &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/15\/keynes-vs-hayek-bullard-knows-which-one-floats-his-boat-real-time-economics-wsj\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Keynes vs. Hayek? Bullard Knows Which One Floats His Boat &#8211; Real Time Economics &#8211; WSJ&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[49],"tags":[962,1295,1416,2023,3189],"class_list":["post-1910","post","type-post","status-publish","format-standard","hentry","category-economic-theory","tag-debt-crisis","tag-euro-zone","tag-fiscal-stimulus","tag-keynes","tag-sovereign-debt-crisis"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Keynes vs. Hayek? Bullard Knows Which One Floats His Boat - Real Time Economics - WSJ - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Keynes vs. Hayek? Bullard Knows Which One Floats His Boat - Real Time Economics - WSJ - the patient investor\" \/>\n<meta property=\"og:description\" content=\"[St. Louis Fed President James Bullard] notes Keynes\u2019 axiom that governments should borrow to stimulate demand when the private sector falters is being proved false by the way markets are reacting to ballooning deficit spending in Europe. The [lesson of the] European crisis is \u201cyou do not want your country to be reliant on international &hellip; Continue reading &quot;Keynes vs. Hayek? 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Bullard Knows Which One Floats His Boat &#8211; Real Time Economics &#8211; WSJ\"","og_url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/15\/keynes-vs-hayek-bullard-knows-which-one-floats-his-boat-real-time-economics-wsj\/","og_site_name":"the patient investor","article_publisher":"https:\/\/www.facebook.com\/profile.php?id=61572934660810","article_published_time":"2011-11-15T22:56:57+00:00","author":"ColinTwiggs","twitter_card":"summary_large_image","twitter_misc":{"Written by":"ColinTwiggs"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/15\/keynes-vs-hayek-bullard-knows-which-one-floats-his-boat-real-time-economics-wsj\/#article","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/15\/keynes-vs-hayek-bullard-knows-which-one-floats-his-boat-real-time-economics-wsj\/"},"author":{"name":"ColinTwiggs","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5"},"headline":"Keynes vs. Hayek? 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His new book is titled: End This Depression Now. Europe is in crisis mode. The United States could be headed off a\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/zv6LXGz6tAo\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1633,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/28\/basic-definitions\/","url_meta":{"origin":1910,"position":2},"title":"Basic definitions","author":"ColinTwiggs","date":"October 28, 2011","format":false,"excerpt":"I use basic economic terms quite frequently and it may be useful to set out their definitions: Consumption ~ is any purchase\/sale that is not between entrepreneurs. That is, purchases from entrepreneurs by consumers. Savings ~ the excess of income over expenditure on consumption. Savings can include debt repayment and\u2026","rel":"","context":"In &quot;Economic Theory&quot;","block_context":{"text":"Economic Theory","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/economic-theory\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12214,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/08\/19\/public-debt-and-the-long-run-neutral-real-interest-rate-narayana-kocherlakota\/","url_meta":{"origin":1910,"position":3},"title":"Public Debt and the Long-Run Neutral Real Interest Rate | Narayana Kocherlakota","author":"ColinTwiggs","date":"August 19, 2015","format":false,"excerpt":"Extract from a speech by Narayana Kocherlakota, President of the Federal Reserve Bank of Minneapolis, in Seoul, South Korea on August 19, 2015: There has been a significant decline in the long-run neutral real interest rate in the United States over the past few years. This decline in the long-run\u2026","rel":"","context":"In &quot;Debt Levels&quot;","block_context":{"text":"Debt Levels","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/debt-levels\/"},"img":{"alt_text":"10-Year TIPS Yields","src":"https:\/\/i0.wp.com\/minneapolisfed.org\/~\/media\/images\/news_events\/pres\/nk-2015-aug20\/kocherlakota-seoul-8-20-2015-slide1.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/minneapolisfed.org\/~\/media\/images\/news_events\/pres\/nk-2015-aug20\/kocherlakota-seoul-8-20-2015-slide1.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/minneapolisfed.org\/~\/media\/images\/news_events\/pres\/nk-2015-aug20\/kocherlakota-seoul-8-20-2015-slide1.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":1481,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/24\/the-paradox-of-thrift-debunked\/","url_meta":{"origin":1910,"position":4},"title":"The Paradox of Thrift &#8212; debunked","author":"ColinTwiggs","date":"October 24, 2011","format":false,"excerpt":"Ever since John Maynard Keynes popularized the Paradox of Thrift, economists, central bankers and politicians have labored under the misapprehension that high levels of savings are bad for the economy and inhibit growth. The Paradox of Thrift: Increased savings means there are less buyers for goods produced, so the nation\u2026","rel":"","context":"In &quot;Economic Theory&quot;","block_context":{"text":"Economic Theory","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/economic-theory\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1194,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/06\/americas-debt-crisis-why-europe-is-right-and-obama-is-wrong-spiegel-online\/","url_meta":{"origin":1910,"position":5},"title":"America&#8217;s Debt Crisis: Why Europe Is Right and Obama Is Wrong &#8211; SPIEGEL ONLINE","author":"ColinTwiggs","date":"October 6, 2011","format":false,"excerpt":"American economists, central bankers and fiscal policy makers have reinterpreted British economist John Maynard Keynes's clever idea that government spending is the best way to counteract a serious economic downturn -- and have turned it into a permanent prescription. In their version of the Keynesian theory, declining growth or tumbling\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/1910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=1910"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/1910\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=1910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=1910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=1910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}