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Re: Sunday ramblings--The New Robber Barons!

By: Cactus Flower in ALEA | Recommend this post (0)
Sun, 02 Dec 12 6:15 PM | 79 view(s)
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Msg. 12039 of 54959
(This msg. is a reply to 12038 by faul)

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hi doma,

there you go again.

we have discussed this ad nauseam.

your solution is what?

gold isn't an economic solution. it is a form of currency with an extremely variable value and a poor record as a medium of exchange.

austerity? like that is working so well! austerity has had a multiplier higher than one during this crisis. by cutting costs a country's gdp loss increases. there is nothing much more to say than that.

the stimulus actually worked. qe actually hasn't had the immediate hyper-inflation effect you and others predicted.

how much wrong does it take for you to see that your ideas have not worked out and that the zero lower bound has significance?

economic policy is contextual. the time to tighten things up is during the recovery phase. that's to say when gdp growth is resurgent.


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The above is a reply to the following message:
Re: Sunday ramblings--The New Robber Barons!
By: faul
in ALEA
Sun, 02 Dec 12 5:12 PM
Msg. 12038 of 54959

Obama....the greatest robber barron?

Obama 2006 on the debt limit.......

"The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a Sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. ...Increasing America’s debt weakens us domestically and internationally. Leadership means that 'the buck stops here'. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and Grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."

Obama 2012....after having overspent $7 Trillion in
4 years is now looking for an Unlimited Debt
Ceiling....that way they can rob you unlimited
but tell you...."hey,you voted for it"...lol!


Now it's also the case that in Oppositon the
Conservative party of the UK also called
Quantative easing a sign of failed leadership and policies.....guess what they did once they got
into Power??Massive QE....!!

Anyone see a pattern????

But they all know the electorate are stupid with
memories of a goldfish and are easily fooled....

You just voted for unlimited debt on you,your
children,grandchildren and many generations
unborn...............debt slavery to the unborn
and born.

That's how you all used your freewill...............


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