dgingeri
Distinguished
[citation][nom]icemunk[/nom]He seems like a pretty fun guy, too bad he's shackled by the Republican (Regressive Party) held House of Representatives.[/citation]
yeah, we should all just spend our way into more debt than our annual income and become like Greece, unable to pay our bills.
my biggest gripe against Obama is his belief in Keynesian economics, which were proven to be detrimental in the 60's and 70's in both Europe and the US. Yet he still believes its the best way to go. A firm government hand on economic systems just bankrupts them. trying to impose behavior on any economic system will just cause it to grind to a halt.
The proper economic theory for world economics (although not perfect, but far better then Keynes' theories) is a guided free market with laws requiring honesty in accounting, and severe penalties for violating those laws. a free market can only succeed if the players are playing honestly.
yeah, we should all just spend our way into more debt than our annual income and become like Greece, unable to pay our bills.
my biggest gripe against Obama is his belief in Keynesian economics, which were proven to be detrimental in the 60's and 70's in both Europe and the US. Yet he still believes its the best way to go. A firm government hand on economic systems just bankrupts them. trying to impose behavior on any economic system will just cause it to grind to a halt.
The proper economic theory for world economics (although not perfect, but far better then Keynes' theories) is a guided free market with laws requiring honesty in accounting, and severe penalties for violating those laws. a free market can only succeed if the players are playing honestly.