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Politics : Formerly About Advanced Micro Devices
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To: SilentZ who wrote (749000)10/23/2013 8:37:15 PM
From: combjelly  Read Replies (1) of 1572627
 
Correct. My economics professor pointed out that there are two types of economics, real economics and political economics. What you are seeing here is the results of the Republicans having adopted Austrian School in the early 1980s because it dovetails with their political goals. It doesn't matter if it results in a sound economy, just as long as it can be justified to cut taxes....

I bet your professors would be surprised to find out that Keynesian economics died out in the 1970s....
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