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Politics : Formerly About Advanced Micro Devices

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To: Tenchusatsu who wrote (465443)3/20/2009 10:42:40 PM
From: SilentZ  Read Replies (1) of 1573915
 
>So stagflation isn't a concern?

Not really. Deflation is more of a concern than inflation right now.

>The drain on national productivity when the Baby Boomers retire is going to crush Keynesian economics.

Baby boomers have kids, and those kids will have kids. We'll get past it.

>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.

We're far from taking it to an extreme.

-Z
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