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Politics : Formerly About Advanced Micro Devices

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To: SilentZ who wrote (465440)	3/20/2009 10:30:51 PM
From: Tenchusatsu	Read Replies (1) of 1573922

Z, > You may not believe in Keynesian principles, but this is all OK under them. In fact, we might need to spend more right now. So stagflation isn't a concern? > Red herring. The drain on national productivity when the Baby Boomers retire is going to crush Keynesian economics. Economics is anything but an exact science (despite Alghieri's demands for "proof"). There are no experiments you can run, except maybe in virtual environments (which itself is another subject). Economic theories work until they don't, which should warn anyone about the dangers of taking one school of thought to the extreme. The Obama administration is taking Keynesian economic theory to a dangerous extreme, and we're all going to pay for it sooner or later. And that's a shame, because believe it or not, I really like Obama and hope he proves to be a quick study on these issues. Tenchusatsu

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