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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (614461)	6/2/2011 7:40:46 PM
From: combjelly	Read Replies (1) \| Respond to of 1578190

"So you don't think boom and bust cycles are a fact of life?" No. At least not like they were before the government started taking an active role in managing the economy. "You would have to ignore all of modern history to make that assertion." Nonsense, Tenchu. Do you know anything about pre-WWII history? The busts back then were not the mild slowdowns we have been calling recessions. To compare them to recent history and call them the same or even similar is, well, ignorant. "especially the "depression within a depression."" Great example of what happens when you try to apply austerity measures before a recovery is complete. Thanks for the supporting evidence. What it wasn't was a normal boom/bust cycle. Which totally undercuts your thesis here. "An unprovable statement, but it sounds like you want to go back to the New Deal." Of course. The New Deal worked. More importantly, the safeguards put in during the New Deal kept us safe for decades and provided an environment that supported the post war expansion. Not a bad track record. "What does this have to do with the middle class?" That you ask this question shows how little you know about the issues. During the 1800s, when the economy had gotten big enough that the various Panics and Depressions would wipe out what little the members of the middle class were able to scrape together since the previous bust. The wealthy, who had enough resources to weather the busts, would then buy up much of it at pennies on the dollar. Thus shifting more and more of the wealth upward until everything collapsed in the Great Depression. "I think it's time for you to take a break from the computer." I think it is time you should take a break from your computer and learn some actual history instead of the comic book version it seems like you did learn. This stuff has been tried. Repeatedly. We have a good idea of what works and what doesn't. It isn't some blank slate with the Right proposing bold new ideas. They are old and they have been tried. And they have led to failure. Repeatedly.