Quote:
Originally Posted by Flame Of Liberty
|
The second article was about how the media depicts Obama vs. Reagan and even says in the article:
Quote:
|
Now, I'm not saying that Reagan was laissez-faire or that the economic recovery didn't owe something to a newly fashioned form of military Keynesianism
|
Admitting that the Keynesian policies at the time might have been effective. It also doesn't say anywhere that gov't spending led to the economic recession.
The first article lightly touches on it but actually says the loose lending policies of the Fed were to blame which is what I said above. Although I find this kind of funny:
Quote:
|
On account of massive monetary pumping, the growth in momentum of various key economic data is likely to strengthen in the months ahead. We maintain this may prompt Fed policy makers to consider curtailing the pace of monetary pumping, and we suggest that this will set in motion a new economic bust.
|
So maybe we shouldn't curtail the pace of monetary pumping? He pretty much says keynesian economics is the cause of boom and bust cycles. I might agree with that, but in the end we always come out better. Is having flatline growth better?
By the way has Lew Rockwell called MLK Jr. a fraud or a tool lately? I know that doesn't necessarily discredit his economic views, but him being against racial integration does make me question his intelligence.
I am not entirely against a conservative economic policy, in fact I think there are more than one solution to these problems. I will never vote for a conservative until they realize their social policies are f'in stupid.
