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Politics : Formerly About Advanced Micro Devices
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To: combjelly who wrote (749856)10/28/2013 12:01:53 AM
From: tejek  Read Replies (1) of 1576858
 
So Keynesian school. - modeled the what the economy would do under the circumstances with accurate projections.

Austrian School - got everything as wrong as they could. Maybe even a little more than is possible.

Of the majors, the US has one of the best economies in the world at the present time and MM still insists we got it wrong. He insists there is inflation when there is none; that commodity prices are spiraling out of control when in fact they are stable; that deficits are growing when in fact they are coming down.

MM has a formula that he follows that insures his theories are right even when they are wrong. It seems that is a conservative malady............no matter what the facts say they believe there are WMDs in Iraq and the president was born in Kenya. Genetics? Environmental? Low IQ? All of the above? I am not clear what the problem is.
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