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It seems so very familliar to me, where have I seen this before... Maybe somebody in government has learned a lesson from the past and is prepared to declare a world war to fix the economy? Why not, it makes as much sense as what they have been doing so far...
I am constantly amazed by the amount of manipulation that can be wielded by the Fed and would not be surprised if they can keep juggling everything for several more years or at least long enough for us to forget the connection to the current crisis.
What he always proposes is not realistic and essentially would result in total collapse + opportunity to rebuild from the ashes.
Originally posted by dooper
reply to post by ProfEmeritus
I truly cannot understand these people.
Anyone, and I mean ANYONE who didn't sleep through Economics 101 would KNOW better!
We have gone in the exact opposite direction from where we should to correct matters.
Taxes are killing us, moving all our jobs overseas, the interest is a great burden, and we're just piling it on.
We must have the greatest group of self-delusional dumbasses in Congress than has ever been gathered in one spot.
And I hope when this thing finally goes tits up, they are the first casualties.
Originally posted by Vitchilo
I have an economic minor... and let me tell you, I argued for a long time in most of my courses with my teacher, who loved Keynes so much...
Of course he didn't see the crash coming... and I did... and most people in the course were Keynesian... because THAT'S THE ONLY THING THEY TEACH AT SCHOOL...
Since 99% of people don't go outside their prescribed books, they will never know about libertarianism or austrian economics... That's why a lot of people are licking Obama's boots and his stimulus plan.
We'll see if they wake up in a few months when it totally fails... they'll probably blame it on Bush, or whoever opposed the first stimulus/second stimulus... because it ``wasn't big enough``...