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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (257878)	7/1/2010 8:38:05 AM
From: neolib	Read Replies (2) \| Respond to of 306849

Agreed with all you wrote but this: the busts keeping getting bigger the more keynes' policies are thrown at the problem. because one sided keynes is not keynes. We are not using keynes theory. He pointed out that governments must run surpluses in the good times. When we have good times, we vote ourselves tax decreases, so even the "small people", but especially the "big people" can keep more of their hard earned money. The state I live in, Oregon, has even enshrined this stupidity in the constitution. If Oregon runs a surplus in a given year, it mails refunds back to all the citizens to zero it out. There is of course no symmetrical law that when it runs a deficit, it should automatically tap all the citizens bank accounts.