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Re: Keynesianism called dead

By: fizzy in ROUND | Recommend this post (0)
Sat, 11 Jun 11 11:24 PM | 48 view(s)
Boardmark this board | De's Test Board 		Msg. 33406 of 45651
(This msg. is a reply to 33405 by clo)
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So why don't the Democrats -- Obama, for instance -- take the lead in getting us back to "manufacturing & creating goods"?

They could start by pushing to RESCIND Clinton's NAFTA and re-institute Glass-Steagall.


I have come to realize that men are not born to be free. Liberty is a need felt by a small class of people whom nature has endowed with nobler minds than the mass of men. -Napoleon


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Re: Keynesianism called dead
By: clo in ROUND
Sat, 11 Jun 11 6:56 PM 		Msg. 33405 of 45651

Decomp,

Our economy is consumer based.

This model makes us like a mammoth conglomerate, needing to consume more & more, & once the money source is cut off we fall off the cliff.

Until or unless we get back to manufacturing & creating goods, we are toast.
I don't see any other way out of the morass we are in.
Do you? clo

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