Okay guys… quiz time. What president holds the record for most debt limit increases in American History?
Thaaaaaaats right. Ronald Reagan.
Heres another little tidbit…
His unsustainable tax cuts are the reason why we are in this mess now. You want to talk about economic failure? lol
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UPDATE
@socrates hows that working out for us now? please. enlighten me as to how this country has truly embraced Keynesian economic theory? It’s a shame what tax cuts do to this country economically. Had we never gone with flawed reaganomics… or continued to give tax cuts to the wealthy…. we would be in a much less precarious situation than we are now.
Did we learn nothing from 2008? … I guess not? Yes fannie and freddie didn’t help us at all. But conservative leaders cripple any government enterprise by not allowing for true regulation.
Bottom up. Tax cuts are saved. Government money gets spent.
Economically… its a much better model. Now, If I’m some rich guy… I’ll go with whatever benefits me the most. But the fact remains that taking your hands off the wheel will ultimately lead to disaster.
We’ve been terribly fickle about our approach. Had we chosen the correct one in the first place, rather than being blind in the face of logic, we would not have these problems.
I do think that there is too much money spent in Washington. That means unending wars (you know… the ones that benefit companies like haliburton… and subsequently their southern white employees), and unsustainable social programs.
But for you to imply that this mess is all because governmental power is absurd. Yep, we’ve made mistakes… In the past, both sides of the isle have grossly overspent on their political endeavors. And just because democrats have a “tax and spend” stigma attached to them does not mean that republicans don’t spend wildly as well. Look at the numbers man, austrian theory would not work! Especially not now!
You and I both know this goes deeper than economic theory.
Oh and… need i remind you HOW we survived 2008? lol… I would LOVE to see how the austrians would’ve handled that one. Free Market craaaaaaash and burn.
So far there has not been a credible economic theory that deals with the global economic situation and how to stimulate the service economy during a recession. Monetary policy has failed as has Keynesian because the stimulus that was tried was mostly monetary policy. The main problem is without a manufacturing base the velocity of money is to slow to inflate the economy due to foreign leakage. You are creating jobs overseas not here because a job created here the products bought come from overseas.
Keynes acolytes: how’s that ‘hands-on approach’ workin’ out for us now? Problem is, whose hands r we talkin about……?
@ Daniel “So far there has not been a credible economic theory that deals with the global economic situation and how to stimulate the service economy during a recession.”
What qualifies a theory as “credible?” The Austrian school approach has not been TRIED, so how do you know it could not work? Also, perhaps jobs are being deliberately exported. Perhaps that’s part of an overall policy to de-industrialize the US and put us under the bootheel of the international banks who are working to consolidate the global financial system even further.
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does Obama do Keynesian because he was definetely born in Kenya
Keynesian are pro fractional reserve banking so they are nothing but a bunch of bastards to the elites
Austrian……Keynesian has failed in every economic downturn.
Keynes.
I prefer a hands on approach…
I don’t believe in magical economic gods.
———
Okay guys… quiz time. What president holds the record for most debt limit increases in American History?
Thaaaaaaats right. Ronald Reagan.
Heres another little tidbit…
His unsustainable tax cuts are the reason why we are in this mess now. You want to talk about economic failure? lol
===========
UPDATE
@socrates hows that working out for us now? please. enlighten me as to how this country has truly embraced Keynesian economic theory? It’s a shame what tax cuts do to this country economically. Had we never gone with flawed reaganomics… or continued to give tax cuts to the wealthy…. we would be in a much less precarious situation than we are now.
Did we learn nothing from 2008? … I guess not? Yes fannie and freddie didn’t help us at all. But conservative leaders cripple any government enterprise by not allowing for true regulation.
Bottom up. Tax cuts are saved. Government money gets spent.
Economically… its a much better model. Now, If I’m some rich guy… I’ll go with whatever benefits me the most. But the fact remains that taking your hands off the wheel will ultimately lead to disaster.
We’ve been terribly fickle about our approach. Had we chosen the correct one in the first place, rather than being blind in the face of logic, we would not have these problems.
I do think that there is too much money spent in Washington. That means unending wars (you know… the ones that benefit companies like haliburton… and subsequently their southern white employees), and unsustainable social programs.
But for you to imply that this mess is all because governmental power is absurd. Yep, we’ve made mistakes… In the past, both sides of the isle have grossly overspent on their political endeavors. And just because democrats have a “tax and spend” stigma attached to them does not mean that republicans don’t spend wildly as well. Look at the numbers man, austrian theory would not work! Especially not now!
You and I both know this goes deeper than economic theory.
Oh and… need i remind you HOW we survived 2008? lol… I would LOVE to see how the austrians would’ve handled that one. Free Market craaaaaaash and burn.
austrian…ludwig von mises was a genius. Austrian v keynesian is freedom v govt control and freedom always wins in economics
Neither…one is the product of big government thinking big government can solve it if it gets bigger (kind of a self-fulfilling prophecy if you will).
The other is an outdated approach, that can’t rely on statistical measures, meaning it can’t measure itself if it is working or not…it just is.
Neither work…
So far there has not been a credible economic theory that deals with the global economic situation and how to stimulate the service economy during a recession. Monetary policy has failed as has Keynesian because the stimulus that was tried was mostly monetary policy. The main problem is without a manufacturing base the velocity of money is to slow to inflate the economy due to foreign leakage. You are creating jobs overseas not here because a job created here the products bought come from overseas.
Von Mises FTW
Keynes acolytes: how’s that ‘hands-on approach’ workin’ out for us now? Problem is, whose hands r we talkin about……?
@ Daniel “So far there has not been a credible economic theory that deals with the global economic situation and how to stimulate the service economy during a recession.”
What qualifies a theory as “credible?” The Austrian school approach has not been TRIED, so how do you know it could not work? Also, perhaps jobs are being deliberately exported. Perhaps that’s part of an overall policy to de-industrialize the US and put us under the bootheel of the international banks who are working to consolidate the global financial system even further.