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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: PAST who wrote (31338)	6/3/2005 8:52:30 AM
From: zonder	Read Replies (4) of 116555

Friedman's statement I called demonstrably false is: "Deficits are the only thing that keeps this Congress from spending more". It is demonstrably false that deficits keep Congress from spending more: US has had increasing deficits for quite a while now, and yet Congress has been approving additional spending. Therefore, deficits do not keep Congress from spending more and the above statement is false. QED. how would you go about demonstrating that no Member of Congress has exerted, individually or collectively, self-constraint due to the size of deficits? "Self-constraint" is not a part of the statement I called "demonstrably false", and as such, I feel no need to demonstrate anything related to Congress' "self-constraint" or lack thereof.

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