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Politics : Formerly About Advanced Micro Devices
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To: combjelly who wrote (614497)6/2/2011 10:30:56 PM
From: Tenchusatsu3 Recommendations  Read Replies (1) of 1578694
 
CJ, > Great example of what happens when you try to apply austerity measures before a recovery is complete.

So when is a recovery "complete"?

Bottom line is that the New Deal didn't work. Trying to argue that FDR didn't go far enough to prop up a flatlined economy is meaningless.

Besides, all you're doing is backing up Krugman's bogus logic, which is to boost deficit spending even more and/or reduce interest rates to below zero. This is where Keynesian economic theory breaks down, because there's only so much that monetary policy and artifical pumping can do.

> This stuff has been tried. Repeatedly.

I know that you tried to pull the "class struggle" card on me. Repeatedly.

Might want to stick to your point and leave it at that. All this "you don't know history" and "you must hate the middle class" nonsense makes you look like a fool.

Tenchusatsu
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