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Post by iammrhawkeyes on Dec 18, 2008 10:19:38 GMT -6
With W's big spending stimulus packages/bailouts and Barry's promise to revive the economy by injecting up to a trillion+ dollars to improve and expand infrastructure, the question needs to be asked: Has Keynesian economics ever worked?
Please watch this short video for your answer. It really explains things in a clear, simplistic manner.
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Post by thunderhawk on Dec 18, 2008 11:06:13 GMT -6
With W's big spending stimulus packages/bailouts and Barry's promise to revive the economy by injecting up to a trillion+ dollars to improve and expand infrastructure, the question needs to be asked: Has Keynesian economics ever worked? Please watch this short video for your answer. It really explains things in a clear, simplistic manner. Ever heard of World War II? Funny thing, Milton's minions talking shit as their ideology fucks up the world.
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Post by iammrhawkeyes on Dec 24, 2008 11:42:40 GMT -6
With W's big spending stimulus packages/bailouts and Barry's promise to revive the economy by injecting up to a trillion+ dollars to improve and expand infrastructure, the question needs to be asked: Has Keynesian economics ever worked? Please watch this short video for your answer. It really explains things in a clear, simplistic manner. Ever heard of World War II? Funny thing, Milton's minions talking shit as their ideology fucks up the world. WWII? War prosperity is like the prosperity that an earthquake or a plague brings. An interesting article. www.fff.org/freedom/0395d.aspThe mainstream economics profession, however, never faced the contradictions between its Keynesian theory and the events of the reconversion. According to this theory, the huge turnaround of the federal budget — from a deficit equal to 25 percent of GNP during 1943-1945 to a surplus during 1947-1949 — should have sent the economy into a tailspin. It did not, which refutes the theory. Ignoring this embarrassing fact, the Keynesians continued to cite the war "boom" as a definitive demonstration of the correctness of their theory.
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Post by NOTTHOR on Dec 24, 2008 13:06:06 GMT -6
Thunder just read that NY Times spoogefest that, with a straight face, attempts to say Dubya's free market beliefs, combined with his mutually exclusive (a fact that they seem to miss) diktat that the federal government had an important role to play in creating a society in which proles who couldn't save a downpayment deserved a no money down loan from the government or GSEs.
Dubya is to free markets what Nazis were to peace. They both shit all over it.
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