2012 Biotech Charity Contest Message Board

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Biotech / Medical : 2012 Biotech Charity Contest

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To: Chris08 who wrote (262)	6/25/2012 11:27:30 AM
From: Steve Lokness	1 Recommendation Read Replies (1) of 513

<<<<Krugman has been right about almost everything recently>>>> How would we know that? Krugman wanted three times the stimulus package that Obama did, so we have no idea what would have happened had Krugman got his way. Krugman is every bit as wrong - in my opinion - as those who think our slowdown is a result of overregulation. They both offer simplistic ideas to a complex problem. The ideas of Keynes help create the bubble. Remember the Bush 600$ cash checks in response to the first recession in his term - hard to get more Keynesian than that? And the wars? Keynes doesn't distinguish what government spends on - he just pushed the idea of lower interest rates and government deficit spending. We got that in a big way with the wars - well all of government really. And how did that work out for us?

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