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

To: i-node who wrote (682391)	11/2/2012 2:19:57 PM
From: combjelly	Read Replies (2) \| Respond to of 1573430

It is always expensive to dig your way out of a financial collapse. And it takes time. That has been proven repeatedly. Keynesian theory works just fine in the real world, repeating that it always fail doesn't make it true. What has failed is the Chicago School. It almost wound up wiping out the world economy. Again, because the same sort of no regulation, anything goes is what caused the Great Depression, the Long Depression and all of the various Panics of the 19th century. Cutting taxes on the wealthy is only weakly correlated to economic growth and increases in investment according to a recent study. All it seems to do is drive up income inequality. Which is very dangerous to an economy, especially one that is 70% driven by consumer spending. Things are turning around though. Despite the Republican attempts to torpedo the economy to gain political advantage.