June 2010
3 posts
Historcial Empirical Evidence Simply Refutes This...
unsolicitedanalysis:
Why the United States and Europe can’t cut their way to economic prosperity
In the United States, a different set of factors is driving the trend. With unemployment high and long-term interest rates near record lows, inflation under control, and Democrats poised to suffer losses in the midterm elections, further stimulus would seem to be a no-brainer. But the same...
The New Right Prosperity Story II
unsolicitedanalysis:
…We have, time and again, decided to pour debt into aggregate demand instead of fundamental economic systems like education or infrastructure. I don’t understand why the blame for this process is being laid upon a nebulous “corporate America.” Moreover, I don’t understand how your protectionist theories and vague New Deal fetishization produce a...
The New Right Prosperity Story
unsolicitedanalysis:
Without the cost impact of free trade, what do you think the lifestyle of those tied to the balls/chains would be?
I’ll also point out that Southeast Asians - for some reason depicted with racist imagery here - are slaves of their own nations. China, for example, purchases debt using tax revenue. Its currency policy robs the savings accounts of its workers of purchasing...