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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (438507)	8/2/2011 10:04:18 AM
From: skinowski	2 Recommendations Read Replies (1) \| Respond to of 793927

Keynesian economics work at the margins, under conditions where the markets perceive an economy as healthy on the whole but suffering from a temporary misstep. Where the rot is systemic, debt overwhelming and policy in shambles, no amount of stimulus will work. It will in fact make things worse because it has to be paid for. Exactly. Same may be true about the supply side mindset. It works well - but in the right place at the right time. For a long time now our politicians were expanding their programs and ambitions during periods of prosperity. During slowdowns, they would revert to Keynes and start spending even more. They need to consider learning some elementary math.