RE: Russia Doesn't Want Any More Dollars
April 27, 2011 at 11:24 am
(This post was last modified: April 27, 2011 at 11:27 am by reverendjeremiah.)
(April 27, 2011 at 10:51 am)theVOID Wrote: Yeah, because their Keynesian economic policies are looser than a french whore nearing retirement age, Bernanke dumps hundreds of billion dollars of new money into the system every year, just by adding zeros to a spread sheet - It doesn't add wealth, it just changes the ratio of dollars:goods/services
And the Austrian school would fuck our economy up even worse if we stopped everything and switched over to it. If the Libertarians had their way and got everything they wanted the unemployment rate would be damn near 25% from all the government branches they would shut down, and thats just from government work. Shutting down the department of education would slap another 7% onto the mix. Then all of the companies losing their government contracts on top of all of the work stopping because of the pulling back of stimulus dollars.
The govt is abusing the Keynesian system by using it WAY too much for small things.
The last thing our country needs to do is move to the extremes in this situation, as it would break consumer confidence with us world wide.
Our country needs more moderation when it comes to economics. We need to bump up the taxes for the rich 10 or 15 percent more instead of extending more tax breaks. We need to pull out of these middle east wars and we need to cut the millitary back by 15% and shut down some of our over seas bases.
That would be a GREAT start. Right now the rich are making sure the rich are not affected by the recession, and that is going to destroy our tax system in the long run. We need SHARED sacrifice across the board.
(April 27, 2011 at 11:20 am)theVOID Wrote: You need to get off Bernanke's cool-aid, Chuck.I personally avoid using the word "cool-aid" in political and economic discussions. It turns peoples attention off and offends them.
