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Flooded by Keynesianism

Moonbat Exterminator Wrote: Nov 03, 2012 12:34 PM
Cont ..not create wealth,it merely diverts wealth from the private sector by confiscation or borrowing. Printing more currency does not create wealth, it merely devalues existing wealth. The last time the Fed gubmint collected more revenue than it spent was 1957, so we're long past the point of siminishing returns.

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....