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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: studdog who wrote (89576)11/2/2008 1:12:08 PM
From: NOW  Respond to of 116555
 
<I suspect that one way or another we are going to get massive deficit spending sooner or later>

Uh, i think the answer to that one is already in. We have had massive deficit spending, have massive deficit spending, and will have massive deficit spending



To: studdog who wrote (89576)11/2/2008 5:02:42 PM
From: ajtj991 Recommendation  Read Replies (2) | Respond to of 116555
 
Um, there hasn't been a real surplus in the US budget since 1960. All other "surpluses" since then have come from the government trusts like Social Security, which should never have been combined with the general budget in the first place.



To: studdog who wrote (89576)11/2/2008 7:09:56 PM
From: mishedlo  Read Replies (3) | Respond to of 116555
 
You probably need to read a book on Austrian economics.

I assure you the policies of FDR were a complete failure as are Keynesian policies in general. I have not read it yet, but I did just order "Failure of the New Economics", an analysis of Keynesian Fallacies by Hazlitt.

Mish