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Politics : Formerly About Advanced Micro Devices

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To: SilentZ who wrote (574533)	7/1/2010 1:46:24 PM
From: Tenchusatsu	Read Replies (2) of 1575874

Z, > He predicted that it might help a bit but that it wouldn't be enough. And he was right. Maybe you can understand better than Alghieri. What Krugman advocates is MASSIVE deficit spending. Like on the order of WWII. zFacts.com advocates essentially the same thing: zfacts.com You don't see a problem with massive deficit spending? We aren't even in WWIII, and no one wants to bring about that scenario. Krugman, Soros, and other so-called "Keynesians" think that all you have to do is spend trillions of dollars that we don't have, and you can avoid a double-dip. Unfortunately, history is not on their side. No one has ever demonstrated that voluntary massive deficit spending can bring any economy out of a depression. The only two examples are WWII and Reagan deficits. WWII is something no one wants to replicate, and Reagan economic policies reflected anything but what Keynes would have advocated. Here's a wonderful article that only scratches the surface of what we face (and why more deficit spending may not produce the intended results): businessinsider.com The bottom line is that Krugman may be right in his observations, but his suggested remedies are just plain impractical. Tenchusatsu

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