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Politics : Formerly About Advanced Micro Devices

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To: combjelly who wrote (865625)6/29/2015 8:42:59 PM
From: RetiredNow3 Recommendations

Recommended By
locogringo
THE WATSONYOUTH
TideGlider

  Read Replies (2) of 1575797
 
You spout complete bullshit:
If it wasn't abundantly clear that it is a galactically stupid idea, the European countries who went full austerity during the recovery proved it. Every one of them, without fail, slid back into recession. Sometimes more than once. And there was a direct correlation between the degree of austerity and how badly their economies suffered. -combjelly
Prove it with facts instead of misguided opinion. As for this quote:
While there was a glimmer of Keynesian economics in the beginning, i.e. the stimulus, we have been full retard Austrian School for the most part ever since. - comb jelly
That is also complete bullshit. From Mar'09 to Jun'15, US debt has increased from $10.9T to $18.2T. That's an increase of $7.3T, or $1.2T per year on average in stimulus spending. In addition, the Fed has increased the money supply through QE from $800B to $4.5T. That's an increase of $3.7T, or $600B per year on average. Therefore, the total Government and Fed stimulus into our economy since Mar'09 has been $1.8T per year ($1.2T + $600B). There is no fantasyland on earth that would consider $1.8T of annual economic stimulus to be austerity measures. Then of course, you can add to that 6 years of 0% interest rates.

All of the above facts show that you are an unabashed Keynesian idiot. Go drown your sorrows with Krugman. Your brain no longer functions properly.
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