John Pitera's Market Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : John Pitera's Market Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Cactus Jack who wrote (10136)	10/2/2008 9:10:22 AM
From: Terry Whitman	1 Recommendation Read Replies (2) of 33421

>Isn't a recession necessary to make the economy stronger in the big picture? < That's the Austrian School in a nutshell. The Keynesian model, which is what the U.S. and most others have followed for the past 50 years says that government spending and control of the money supply can prevent large economic contractions. There are many examples where gov't intervention has likely helped, but at the cost of devaluation of the currency, and a heavy burden on the taxpayer. There are also examples of where incessant gov't meddling and huge expansions of the money supply did not work. The best example of this is the Japanese experience of 1985- present. mises.org My mentor told me years ago that demographically, Japan was about 10 years ahead of the U.S.A. Major trends that occurred 10 years ago in Japan, should be similar to today in the U.S. Unfortunately, if we continue to implement the Japanese Keynesian methods, we should expect similar results. In fact, it is unclear whether their secular bear market has even ended yet, 18 years later.. finance.yahoo.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next