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lskarin (November 30, 1999 at 12:00 am)
Bankruptcy has nothing to do with it. People working now pay for those retired. You act as if SS were a bank. It is not.
Love your sentence that Keynesiam is a way for government (which you obviously hate) is a way to expand power. It is not obvious. Keynes' policies helped to get the world out of a depression. WW2 did the rest.
You might note that Japan's travails had a lot to do with balancing their budget in the early nineties when fiscal deficits were called for. Try Krugman.
corymd3470 (November 30, 1999 at 12:00 am)
The Social Security trust fund is a bunch of IOUs. It's bankrupt. If you can read or find a reference then look up David M. Walker. And look up Japan too.
Inflationary montary policy leads to bubbles. Government spending crowds out private investment and diverts future employment for the sake of waste production. Keyensianism is a way for government to expand its power and that's obvious.
Maybe you're too busy digging holes and filling them back in again to understand your position?
UWBADGER1 (November 30, 1999 at 12:00 am)
I guess if Nixon liked the idea then that proves that socialism is the way to go! Some people embrace principles not party politics and history showed that Nixon erred when he attempted Keyensian price controls.
lskarin (November 30, 1999 at 12:00 am)
Define "corrupt." I've just got onto this moronic morass of nonsense and I'd like to hear from you.
lskarin (November 30, 1999 at 12:00 am)
Ask what your fellow citizens think of Social Security.
Freedom and governemt? Do you know what a false dichotomy is? Maybe you better look it up. Assuming you can read or find a reference.
lskarin (November 30, 1999 at 12:00 am)
Hey -- yet another "conservative" automaton.
Even Nixon economists were Keyensians.
Blow it out your butt.
UWBADGER1 (November 30, 1999 at 12:00 am)
Keyensian economics simply have not stood up. They lead to economic hardship, tyranny by the state and eventually serfdom. Elitists like Galbraith make their ideas sound so matter of fact and logical but in reality they have simply caused more hardship than they have caused. If given the choice I trust freedom over government.
ChocolateExplosion (November 30, 1999 at 12:00 am)
critiqued by modern economists that led us into world wide disaster?
resesmilk2 (November 30, 1999 at 12:00 am)
uh, wasn't Galbraith a Keynesian economist?
yes, his ideas were definitely FAR from perfect, and though objectivity is a valuable trait... (not sure he had any) ...ANYONE who both, associates themselves with Keynesian economic theory, AND served under FDR, is a piece of shit in my book...
the problem is, most institutions brainwash students not to realize that the whole progressive movement-though its intentions were noble-has in fact been corrupt since the beginning of wilson's presidency
resesmilk2 (November 30, 1999 at 12:00 am)
yep |
