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Keynes Recap

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Old 09-20-2011 | 07:06 AM
  #21  
Winged Wheeler's Avatar
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Originally Posted by SkyHigh
If one is lucky enough to have a good job and health insurance then stimulus spending is a curse. However to those who are and have been unemployed for sometime a reason to hope.

It took WWII to get us out of the last depression. Spending then was far higher in regards to GDP then what the government is spending now. The problem this time is that we are starting out the current downturn already hopelessly in debt.

Skyhigh
Another difference is that there is now no end in sight. Near the end of the war and in its aftermath much of the apparatus of state control of the economy was dismantled. Whole agencies devoted to rationing, wage and price controls, etc. were simply removed.

The Keynesians promised an economic collapse and they had it exactly wrong. Would that we had a 1946 congress to cut the budget again.

WW
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Old 09-25-2011 | 04:18 AM
  #22  
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Originally Posted by jungle
Agree, but one gal with a camera isn't propaganda. Real propaganda is ten international "news" agencies all in the same tank and running the same drivel 24/7/365.
At least we have a choice of what babe looks hot reading the teleprompter.
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