Oh snap......can't wait for Veta's response!

Fresh off the newsstand! Keynes the job creator!

JOBLESS CLAIMS RISE TO 8 MONTH HIGH
http://finance.yahoo.com/news/US-data-hints-at-slowdown-in-rb-1852891451.html?x=0

I guess we should thank the makers of lamborgini for pontiacs too.

Lamborgini doesn't make shitty cars like keynesian economic policies don't make shitty economies. A truly orthodox Keynesian fiscal policy, like what was seen in the 50s is impervious to serious depressions intrinsically. I could blame Reagan for letting the bull loose but frankly the argument would be lost on you as I'm sure it has been many times over. I would rather we keep repeating the lessons of the 1930s until people get it right.


So yah I truly hope more people think like you dead so much so that we elect another Hoover.

Cue Ad Hominem! Check!

BO has left the building! It's a wrap.

Deregulation left us the mess we have, one of the main reasons Canada is in good shape is because they had smart financial regulations, mostly put in place by a liberal government, but I don't really know what liberal/conservative means to Canadians.

America has a unhealthy habit of regulating something and instead of fixing the regulation if it seems to harsh or causing too many unintended results we will either scrap the whole regulation and oversight or add to the regulation and oversight with new rules that a better instead of tailoring what we already had to work.

Heavy deregulation of certain sectors has made the cycles of our economy much more volatile.

http://en.m.wikipedia.org/wiki/Ad_hominem

If it wasn't clear I wasn't even making an argument. If you read between the lines maybe I was suggesting tax rates of 35% for the top 1% as opposed to the 90% we had in the 50s are in a large part the cause of the decline we are witnessing.

But yah did you skip school when they taught you ad hominems, can anybody even believe this guy's argument after demonstrating his lack of education?

/end example ad hominem

BO; I stand by my post. Keynes is on its way out.

I know you like to point your finger at Reagan and deregulation; but the seeds were planted long before. Banks took risks because they knew that they would be bailed out; that is Keynesian policies that lead to this.

If you deregulate banks AND let them FAIL when they over leverage (etc); then they stop over leveraging (etc) to avoid failure... duh.

The brilliance of this whole issue; is that it will play out right here for all to see. Gold will skyrocket; dollar will die; food will be expensive; stock market will be crazy volatile; all of this will happen; and soon. Then you will be left with the failure you have created and it will be clear (hopefully) that you are wrong.

EVERYBODIES BUY GOLD.

couldn't have said it any better than your last post deadcode

"I know you like to point your finger at Reagan and deregulation; but the seeds were planted long before. Banks took risks because they knew that they would be bailed out; that is Keynesian policies that lead to this."

God I don't know if you're serious or not. Do you know why you don't hear about the great "X" bubble of 1950 or 1960 or 1970? Do you know why there was no banking disasters since the 1930s? It's because we had regulations in place that didn't allow the banks to do what the fuck you're describing. It would literally be impossible for the credit crisis to have occurred with the old regulations we had. But you know what, Reagan's advisers (all from wall streets especially goldman sachs) told him to deregulate the shit out of the financial industry. Voila! We had all kinds of wall street schemes to make money, it made such a great impression on society that they made a movie about it, called Wallstreet, in the 80s.

Want some anecdotal evidence of what I'm saying? Evidence presented: http://www.youtube.com/watch?v=QTcL6Xc_eMM&feature=player_embedded



"If you deregulate banks AND let them FAIL when they over leverage (etc); then they stop over leveraging (etc) to avoid failure... duh."

Inherently you should realize that if you did that the entire economy would go under. And banks know that, and they paid the neo-cons to deregulate everything (no conservatives voted to suddenly deregulate/fix an industry that wasn't broken, the banks paid them to). If we didn't bail out the banks like we were forced to we would have had another great depression. Luckily Bush was smart enough to at least attempt to do that, albeit with a really shitty TARP act. Obama did a better job, but frankly neither addressed the issue which is deregulation. And I don't even know if it's possible to regulate the industry now with all the influence/lobbyists they have on the inside of our government.

"The brilliance of this whole issue; is that it will play out right here for all to see. Gold will skyrocket; dollar will die; food will be expensive; stock market will be crazy volatile; all of this will happen; and soon. Then you will be left with the failure you have created and it will be clear (hopefully) that you are wrong."

I necessarily disagree that things will get bad, I think they have to before we ever actually face the problem which is the deregulated banking industry. But se la vi, I look forward to the next super progressive president whenever that finally happens.