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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: NOW who wrote (31657)5/4/2005 8:49:10 AM
From: Knighty Tin  Respond to of 110194
 
Well, that particular article was blaming Keynes, hence my argument. Basically, the author said that just because Keynes said to only run budget deficits during depressions and recessions and to run surpluses during good times, he is still to blame for politicians only doing the first part and ignoring the second. It is like somebody recommending that you sprint at the start of The Boston Marathon to get away from the crowd, and then settle down to your race pace while readers tried to sprint the entire race. It would not be the adviser's fault that racers dropped dead after a mile or two. <G>