AOC Puts Her Foot in Her Mouth Again

[Reformed]

AOC mixes up two 'very different' economists in Instagram post.

"UGGGH TYPO,” the freshman congresswoman wrote after confusing John Maynard Keynes, an early 20th-century British economist who theorized that government spending was linked to economic growth, with Milton Friedman, a free-market American economist and 1976 Nobel Prize winner, according to The Washington Examiner.

Ocasio-Cortez mistakenly combined their names into "Milton Keynes."

Milton-Keynes is a village in Buckinghamshire, England, and is famous for a very large shopping mall. I lived in nearby Bedfordshire for nearly three years and would go to Milton-Keynes often.

This brain surgeon from New York is the gift that keeps on giving.

 

[FollowTheWay]

AOC mixes up two 'very different' economists in Instagram post.

"UGGGH TYPO,” the freshman congresswoman wrote after confusing John Maynard Keynes, an early 20th-century British economist who theorized that government spending was linked to economic growth, with Milton Friedman, a free-market American economist and 1976 Nobel Prize winner, according to The Washington Examiner.

Ocasio-Cortez mistakenly combined their names into "Milton Keynes."

Milton-Keynes is a village in Buckinghamshire, England, and is famous for a very large shopping mall. I lived in nearby Bedfordshire for nearly three years and would go to Milton-Keynes often.

This brain surgeon from New York is the gift that keeps on giving.

Keynesian and Monetarist Economics How Do They Differ?
What is the difference between Keynesian and monetarist economics?

The terminology of demand-side economics is synonymous with Keynesian economics. Keynesian economists believe the economy is best controlled by manipulating the demand for goods and services. However, these economists do not completely disregard the role the money supply has in the economy and on affecting the gross domestic product, or GDP. Yet, they do believe it takes a great amount of time for the economic market to adjust to any monetary influence.

Monetarist economics founder Milton Friedman believed the monetary policy was so incredibly crucial to a healthy economy that he publicly blamed the Federal Reserve for causing the Great Depression. He implied it is up to the Federal Reserve to regulate the economy.

Soon after the Great Depression, President Herbert Hoover failed in his approach to balancing the budget, which entailed increasing taxes and spending cuts. President Roosevelt followed next and focused his administration's efforts on increasing demand and lowering unemployment. It is worth noting that Roosevelt's New Deal and other policies increased the supply of money in the economy.

More recently, the 2007-08 financial crisis led President Obama and other lawmakers to address economic problems by bailing out banks and fixing underwater mortgages for government-owned housing. In these instances, it appears elements of Keynesian and Monetarist theories were used to reduce the national debt.

*********************************************************************************************************************

A combination of Demand side economics (Keynes) and Monetarist economics (Milton Friedman) was used to pull us out of the "Great Recession." This is the opposite of Supply Side economics which was misapplied by Reagan to create the disaster called "Trickle-Down Economics," which never worked under Reagan, GW Bush, and Trump.

This could be referred to as Milton-Keynes (or Friedman-Keynes) economics. It's really the author of the article you referred to who doesn't know much about
economics. AOC is on solid ground.

 

[Benjamin]

AOC is on solid ground.

You just lost any credibility you could possibly have...

 

[Centrist]

Maybe she should start putting toothpaste between her toes in the morning. That way by the end of the day she'll have a fresh breath and sparkling smile....

 

[Yeshua1]

Keynesian and Monetarist Economics How Do They Differ?
What is the difference between Keynesian and monetarist economics?

The terminology of demand-side economics is synonymous with Keynesian economics. Keynesian economists believe the economy is best controlled by manipulating the demand for goods and services. However, these economists do not completely disregard the role the money supply has in the economy and on affecting the gross domestic product, or GDP. Yet, they do believe it takes a great amount of time for the economic market to adjust to any monetary influence.

Monetarist economics founder Milton Friedman believed the monetary policy was so incredibly crucial to a healthy economy that he publicly blamed the Federal Reserve for causing the Great Depression. He implied it is up to the Federal Reserve to regulate the economy.

Soon after the Great Depression, President Herbert Hoover failed in his approach to balancing the budget, which entailed increasing taxes and spending cuts. President Roosevelt followed next and focused his administration's efforts on increasing demand and lowering unemployment. It is worth noting that Roosevelt's New Deal and other policies increased the supply of money in the economy.

More recently, the 2007-08 financial crisis led President Obama and other lawmakers to address economic problems by bailing out banks and fixing underwater mortgages for government-owned housing. In these instances, it appears elements of Keynesian and Monetarist theories were used to reduce the national debt.

*********************************************************************************************************************

A combination of Demand side economics (Keynes) and Monetarist economics (Milton Friedman) was used to pull us out of the "Great Recession." This is the opposite of Supply Side economics which was misapplied by Reagan to create the disaster called "Trickle-Down Economics," which never worked under Reagan, GW Bush, and Trump.

This could be referred to as Milton-Keynes (or Friedman-Keynes) economics. It's really the author of the article you referred to who doesn't know much about
economics. AOC is on solid ground.

Her real "economic policy" would be the Green deal, which would bankrupt the US economy , and make us all poor, but be a real socialist nation, as per her goal!

 

[robycop3]

Advice to AOC:

1.) Open Mouth
2.) Insert Foot
3.) Chew Vigorously

 

[BroTom64]

3 Positives I see in AOC.
1. She is attempting to make a difference. While I totally disagree with her on almost everything she espouses, AOC is at least trying to do something instead of sitting around whining. Her solutions comes from the education she has been filled with most of her life.

2. She is trying to educate herself on economics and other issues. She will probably continue to choose left leaning sources that she already agrees with (like most of us!), especially when most of what she hears from the right is scorn and derision.

3. She is willing (to some extent) to admit error "UGGGH TYPO". In a nation where many have no clue who John Maynard Keynes or Milton Friedman were or what they believed, AOC is attempting to grapple with their bone dry economic theories. When she mixed their names up she at least was will to admit the error.

Am I saying she is a good representative, NO! Is there hope for her, possibly.
One Question for each of you: Have you prayed for AOC today?

 

[Yeshua1]

3 Positives I see in AOC.
1. She is attempting to make a difference. While I totally disagree with her on almost everything she espouses, AOC is at least trying to do something instead of sitting around whining. Her solutions comes from the education she has been filled with most of her life.

2. She is trying to educate herself on economics and other issues. She will probably continue to choose left leaning sources that she already agrees with (like most of us!), especially when most of what she hears from the right is scorn and derision.

3. She is willing (to some extent) to admit error "UGGGH TYPO". In a nation where many have no clue who John Maynard Keynes or Milton Friedman were or what they believed, AOC is attempting to grapple with their bone dry economic theories. When she mixed their names up she at least was will to admit the error.

Am I saying she is a good representative, NO! Is there hope for her, possibly.
One Question for each of you: Have you prayed for AOC today?

Another positive on her is that she at least willing to own up to her crazy ideas, and give to many a clear example of whats wrong with liberal modernist thinking on issues!

 

[church mouse guy]

AOC has her boyfriend on her payroll for tens of thousands of dollars. She, of course, is Puerto Rican and not guilty of racism but the boy friend is white so she has him explain how not to be racist like other whites. She owes the government a couple of thousand dollars in back taxes but that is not racist.

Of course, I pray for all in authority but I think that laughing at her ideas is compatible with respecting her authority. I notice that she has a baker's dozen of candidates running against her in the primary. That may be why she has not given the Democrat National Committee the quarter of a million dollars that she owes them.

As for her boyfriend, I sure feel sorry for him stuck like that with a feminist paramour bossing him around when they aren't even married but I imagine all Democrat women are like that and if he married her it would be even worse although he should do the right thing by her so not to be accused of racism or something. What would Greta say? How dare you?

I also found it very funny when she told a congressional committee that it was impossible to pull yourself up by the bootstraps literally. She's up there with the Democrat who said that too many people could tip Guam over.