* These "New Keynesian" con artists and pseudo-economists have long used non-verifiable concepts like "menu costs" to confuse their peers, arbitrarily added inflation rates to the normal interest rates of zero-inflation shared by orthodox economists to create the term "neutral interest rate," and have even disseminated the hard-to-prove theory that rate hikes "work on domestic inflation expectations."
* In other words, they shamelessly propagate absurd theories suggesting that the impact of rate hikes is limited solely to future domestic inflation expectations, while completely ignoring both the orthodox neoclassical economic principle that rate hikes affect the real economy and the orthodox international finance theory that they affect international capital flows.
* After the Cold War ended with the victory of the Western bloc, the now-directionless Marxist economists of the West began en masse to call themselves "New Keynesians"—a group of pseudo-economists and con artists. They continue to scream that "cheap goods are in the interest of the working class" while repeatedly forcing through macro-level deflationary policies that invite micro-level price destruction and chronic recession.
* We need not wait for 2008 Nobel laureate Paul Krugman's "execution" remark to come true. The time is fast approaching for the Hossō school—the sect devoutly followed by the Fujiwara regency—to manifest its divine power and purge these pseudo-economists and Marxist economists who hide behind the mask of "New Keynesians," adhering to the teaching that "incorrigible outlaws who might explode at any moment cannot be reformed through preaching; they must be militarily eradicated."
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* These "New Keynesian" con artists and pseudo-economists have long used non-verifiable concepts like "menu costs" to confuse their peers, arbitrarily added inflation rates to the normal interest rates of zero-inflation shared by orthodox economists to create the term "neutral interest rate," and have even disseminated the hard-to-prove theory that rate hikes "work on domestic inflation expectations."
https://gyazo.com/a8ca5957d695241efcb99c76ef03acd8
* In other words, they shamelessly propagate absurd theories suggesting that the impact of rate hikes is limited solely to future domestic inflation expectations, while completely ignoring both the orthodox neoclassical economic principle that rate hikes affect the real economy and the orthodox international finance theory that they affect international capital flows.
* After the Cold War ended with the victory of the Western bloc, the now-directionless Marxist economists of the West began en masse to call themselves "New Keynesians"—a group of pseudo-economists and con artists. They continue to scream that "cheap goods are in the interest of the working class" while repeatedly forcing through macro-level deflationary policies that invite micro-level price destruction and chronic recession.
https://gyazo.com/dfc8354376310d527b6d2bdc3f06c073
* We need not wait for 2008 Nobel laureate Paul Krugman's "execution" remark to come true. The time is fast approaching for the Hossō school—the sect devoutly followed by the Fujiwara regency—to manifest its divine power and purge these pseudo-economists and Marxist economists who hide behind the mask of "New Keynesians," adhering to the teaching that "incorrigible outlaws who might explode at any moment cannot be reformed through preaching; they must be militarily eradicated."
https://gyazo.com/1a1e9f8ee8921a65fd01dd1cfcda8210