Quote:
Originally Posted by Iowa_Flames_Fan
Wait.... you'll have to explain to me how government overspending caused the recession. I've heard a lot of talk about sub-prime mortgages, deregulation of the banking industry, credit default swaps, over-leveraged banks and unregulated exotic investment instruments. Is that all nonsense? The big bugbear is actually government spending?
Because if you have proof of that assertion, that's a real game-changer.
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Living above your means and hoarding debt like there's no tomorrow (because as Keynesians say, the debt "doesn't matter" because "we owe it to ourselves." ouch).