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There Will Be No Economic Recovery


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#46    Br Cornelius

Br Cornelius

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  • Stupid Monkeys.

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Posted 21 February 2013 - 06:11 PM

View PostYamato, on 21 February 2013 - 05:27 PM, said:

Apply for as many credit cards as you can in your old age.   Max them all out.   Leave the principal alone and keep borrowing exponentially more amounts of money.  Only pay the interest expense on the principal as it consumes more and more of your disposable income until the day you die.   Pass your debt off to your kids.  There's the model, Maynard.  It's not that difficult to understand.
That is not Keynesian economics which you are describing - that is criminality.
Keynesian economics has shown itself to be the best method of smoothing the peaks and troughs of an economic cycle - when the basic principles are not abused. Correctly applied, the deficits which accumulate in bad times are cleared in good times.
Again you are confusing what has happened under the neo-liberal free market gangsters with a proven economic regulation which Keynes proposed. The current batch of central bank criminals allowed an overinflation of the money supply in the good times which is the complete opposite of sound Keynesian principles.

The system is now broken beyond reasonable repair due to the damage done to the equilibrium since the era of Reaganomics, and the fact that many of the fundamentals underpinning the system (cheap energy) have radically changed forever.
Get the basic causes right and you can start to see the solutions.

Br Cornelius

Edited by Br Cornelius, 21 February 2013 - 06:18 PM.

I believe nothing, but I have my suspicions.

Robert Anton Wilson

#47    Sir Wearer of Hats

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Posted 21 February 2013 - 09:41 PM

The problem is there's no real continuity between the bad times and the good.
If during the bad times they applies Keynesian economics, you need to apply it in good times as well. Instead you get "spend your way out of trouble" and then "spend because it's a boom time!".


#48    Yamato

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Posted 22 February 2013 - 10:43 AM

View PostBr Cornelius, on 21 February 2013 - 06:11 PM, said:

That is not Keynesian economics which you are describing - that is criminality.
Keynesian economics has shown itself to be the best method of smoothing the peaks and troughs of an economic cycle - when the basic principles are not abused. Correctly applied, the deficits which accumulate in bad times are cleared in good times.
Again you are confusing what has happened under the neo-liberal free market gangsters with a proven economic regulation which Keynes proposed. The current batch of central bank criminals allowed an overinflation of the money supply in the good times which is the complete opposite of sound Keynesian principles.

The system is now broken beyond reasonable repair due to the damage done to the equilibrium since the era of Reaganomics, and the fact that many of the fundamentals underpinning the system (cheap energy) have radically changed forever.
Get the basic causes right and you can start to see the solutions.

Br Cornelius
Government will never spend money they don't have on crap they don't need and admit it.  They'll always give the same robotic rhetoric about how important their spending programs are to blah blah blah.  It is Keynesianism when something is bad enough to be worth spending taxpayer money on.  The problem is that it's perpetual, and not limited to any one party or political ideology.   Jimmy Carter took us off a reasonably flat line of government spending, and every President since then has done worse than his predecessor.   There is no way to dump the shame on one political party or one wing of the government.  It's an economic philosophy that believes in government spending, and government has proven more than wiling to oblige.

"To deny people their human rights is to challenge their very humanity.   To impose on them a wretched life of hunger and deprivation is to dehumanize them." ~ Nelson Mandela




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