Caputh wrote:
Disco Boy wrote:
Caputh wrote:
New IMF study suggests that Keynes is correct and austerity a failure in a recession.
http://www.businessinsider.com/imf-admi ... ong-2013-1I knew the above report was mostly bogus as soon as I read this:
"...According to Keynesian theory (which got us out of the Great Depression)..."
I think they meant, "...According to Keynesian theory (which got us into the Great Depression)..."
And of course, this current Housing Bubble Crisis would have NEVER happened if we truly lived in a Capitalist Economy with free markets and/or free market principles (without almost no Government interference and no bailouts), like US Presidents Harding & Coolidge adopted - which of course contributed to the MASSIVE economic boom of The Roaring Twenties (as did Mussolini's Italy of the early-mid 1920s). A Mixed Economy (which is what we live in today) is one of the primary reasons for this economic mess. And it's a shame most people don't even know that we don't technically live in a Capitalist Economy.
And as long as most people remain politically ignorant and continue electing these Corporate whores (like Romney, Obama and the like), Corporatism will always be able to grease Government and indemnify themselves instead of the public & reign supreme...and grab their bailout money too, after they're allowed to create bubble crisises...
Just to stress, the above link is an (admittedly partisan) report on the IMF study. The actual IMF study can be found here:
http://www.imf.org/external/pubs/ft/wp/2013/wp1301.pdf. It's rather long, though.
Some people might argue that, once again, you are representing an economic-historical theory (what some might call a possibly well-founded opinion) as
FACT here. Just to make clear again - there are other well-founded opinions around, some of which can be found summarized here:
http://en.wikipedia.org/wiki/Causes_of_ ... Depression.
I do find it rather interesting that you appear to be suggesting that Mussolini's Fascist economic policy is something to be emulated - though perhaps you aren't and I'm misinterpreting again.
Give me a break. We've already been over this.
Re-read my posts from page 37 of the Ron Paul thread:
viewtopic.php?f=10&t=19887&p=563990#p563990A rope leash wrote:
The USA is emulating Mussolini's economics. It goes like this: profits to the corporations, losses to the people. Every time we bail out a bank or corporation, we are following this elitist play card..."screw the people, give it all to us".
Or else.
Well, I guess you're referring to the majority of Mussollini's reign? Because technically, from 1921-1925, Alberto De Stefani (Mussolini's Minster Of Finance) helped Mussolini adopted free market principles in Italy, which contributed to a major economic boom, similar to The Roaring Twenties in the US. And it wasn't because he necessarily liked the idea. It was established to get the public back on his side. Otherwise, he may not have lasted much longer. But once Mussolini ended the system of free market principles in 1925 and fired Stefani, everything went back to shit in Italy, just like it was right after World War I...
The above info is included in the link I posted for Caputh (which he initially posted) to re-read on page 37 of the Ron Paul thread...
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ONE NATION UNDER SOCIALISM
Because of Obamination's spending & socialist BS, America and much of the world will endure one of the worst depressions in history in
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