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Flooded by Keynesianism

KYoung43 Wrote: Nov 03, 2012 9:24 PM
FDR learned in 1938 when his Secretary of Treasury Morganthau told him the economy was not improving. The Depression in the US was "Great" ONLY because FDR jumped in and increased the size of government, following Keynesian economics. LBJ did the same thing, as did Carter and Nixon and Bush. Keynes saw that his economic theories were wrong, but that doesn't stop the stupid Democrats and some less than conservative Republicans from pouring money at a problem and if it doesn't get solved, pouring MORE money into it. Sad, really.

Hurricane Sandy was an invader, one that splashed ashore with as much destructive power as any foreign (or perhaps interstellar) invader could hope to bring to bear against our coasts. Thus, in the opinion of economist Paul Krugman, the storm should help boost the American economy.

“If we discovered that, you know, space aliens were planning to attack and we needed a massive buildup to counter the space alien threat and really inflation and budget deficits took secondary place to that, this slump would be over in 18 months,” the Nobel Prize winning economist declared on CNN in 2011....