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#16
10-13-2011, 09:44 PM
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Multi-Quote| 10-13-2011, 09:44 PM | |
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#17
10-13-2011, 10:08 PM
Try imagining a way in which there is some truth to his statement. IE. some people will go hungry due to British austerity. Perhaps figuratively, perhaps literally. |
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#18
10-13-2011, 10:54 PM
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#19
10-13-2011, 11:56 PM
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British austerity not working
United States austerity not working Greece austerity not working Italy austerity not working List should increase by the end of the year. |
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#20
10-14-2011, 12:20 AM
Wait... the U.S. has implemented austerity measures? When was that? Joe Biden says Buy a Shotgun! Wackiness ensues! [youtu.be]
Keynesians have "stimulus spent" $16 trillion dollars. Where are the jobs? Are you on Obama's Little List? [youtube.com] The biggest tax no one talks about [washingtontimes.com] "George Ought to Help" [youtube.com] Keynes vs Hayek economics rap battle [youtube.com] How the GOP stole the nomination [examiner.com] |
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#21
10-14-2011, 12:23 AM
"Let's do more quantitative easing." "Excellent idea." You know what we need. More solar panel investing. Last edited by Deusxmachina; 10-14-2011 at 12:27 AM.. |
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#22
10-14-2011, 12:45 AM
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#23
10-14-2011, 02:26 AM
Great Britain, Greece, Italy, Portugal, Ireland, Spain, and Iceland have failed austerity measures leading some state governments to completely default. PIIGGS is the acronym for a failing Europe. |
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#24
10-14-2011, 05:21 AM
- Keynesians |
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#25
10-14-2011, 05:35 AM
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#26
10-14-2011, 05:40 AM
What would YOU propose they do to get their situation in order? |
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#27
10-14-2011, 06:52 AM
We have austerity too. It started off slow, through GOP anti-patriotic obstructionism in Congress. Then it ramped up after 2010, when anti-American Republicans took many statehouses and took all steps short of deploying troops to make war on the American people. God help us all if the worst among us, the Republicans, take full control of Congress or even the White House. |
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#28
10-14-2011, 07:07 AM
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#29
10-14-2011, 07:13 AM
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Looks like Europe is getting a bailout courtesy of US tax payers, let the games begin.
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#30
10-14-2011, 07:55 AM
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Austerity will never work in a debt based monetary system. Austerity will always cause deflation. Nearly all money is created as debt, therefore when you pay down debts you remove money from the system. The only way to "grow" this type of economy is to go further into debt.
The solution is to revamp the entire monetary system, short of that we (and any other similarly structured economy) will have to go deeper and deeper into debt forever, until we can't anymore. We're close to the can't anymore phase if not in the beginning of it. |
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