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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: bruiser98 who wrote (99917)11/25/2008 8:09:37 PM
From: Robin Plunder  Read Replies (1) of 110194
 
"KEYNES was a great economist and a great speculator. Folks who became "Keynesian" didn't realize that he believed in running deficits during bad times and surpluses during good times. They only understood the first half of the first part, and ran deficits all of the time.

We also have to remember that any country that followed Austrian economics soon saw their govt. disappear under the "tough love.""

The abuse of Keynes view was to be expected, anyone who would think a politician would take away the punch bowl would not be too bright.

Robin
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