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TrollBuster9090

(5,954 posts)
5. I think you're right about the economic advisers.
Sun Sep 16, 2012, 05:30 AM
Sep 2012

Fire Bernanke and put KRUGMAN in charge of the FED. That's what I say.

If you're going to constantly be ACCUSED of being a Keynesian...YOU MAY AS WELL BE A KEYNESIAN!

Keynesian economics actually WORKS, but it's rarely ever been tried. Keynesian economics calls for lowering taxes, lowering interest rates, borrowing money and increasing govt spending during busts to re-inflate the economy. It also advocates doing the exact opposite of all those things during BOOMS in order to moderate bubbles! The first part is easy, the second part is hard.

So, what politicians typically do is...lower taxes, lower interest rates, borrow money and increase spending during both busts AND booms! Well, sorry guys, but that's not Keynesian Economics. That's Keynesian STRAW-MAN-O-NOMICS!

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