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Politics : Formerly About Advanced Micro Devices

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To: SilentZ who wrote (695607)1/27/2013 1:09:23 PM
From: tejek  Read Replies (2) of 1574852
 
>I mean, it's so easy for Keynesians to just print money out of thin air in order to pump up or slow the economy down, isn't it? It's like the 1970's didn't happen.

It's also like the last four years didn't happen. You told me in 2009 that we were on the precipice of massive inflation... still hasn't happened.

Its the most bizarre aspect of conservatism. Even when you show them to be wrong, they don't believe you. For the past 4 years, the greatest danger to the American economy has been deflation and yet, the right has screamed inflation since 2008. In the meantime, deflation continues to be the biggest threat.

And then we have the UK.......run by a conservative PM.......who has done pretty much what the right wanted done in this country. The results? The UK is headed for its third recession since 2008:

guardian.co.uk
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