...taking water out of one end of the pool and, after taking your cut, pouring the rest back into another side of the pool. How does tax-and-spend benefit anything except the government industry?
We are in a depression in the United States but the depression was interrupted by some economic stimulus that actually made the problems worse. Now as the stimulus is wearing off the depression is resuming with a vengeance because government is interfering with the correction.
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The source of our misery is government and the solution is free markets, capitalism. That when we did have that a long time ago our economy thrived and we created a lot of wealth which we have since dissipated with redistributionist socialist programs that have been layered onto the economy.
We need to go back to what made us great; not what is bankrupting us.
Zero jobs last month — a net change of zero job growth? It was just announced that last month’s unemployment is still above 9% — despite the nearly five trillion dollars in Keynesian pump-priming, the near zero interest rates, the expanded unemployment and food stamp support, and the government takeovers and subsidies of businesses.
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In the last 30 months, the Obama administration has created a psychological landscape that finally just seemed, whether fairly or not, too hostile to most employers to risk new hiring and buying. Each act, in and of itself, was irrelevant. Together they are proving catastrophic and doing the near impossible of turning a brief recovery into another recession.
GDP = C + G + I + NX
where:
"C" is equal to all private consumption, or consumer spending, in a nation's economy
"G" is the sum of government spending
"I" is the sum of all the country's spending on capital
"NX" is the nation's total net exports, calculated as total exports minus total imports. (NX = Exports - Imports)
A day after purchasing managers reported an "unexpected" slump in manufacturing, another surprise report shows consumer spending falling for the first time in nearly two years. Double dip, anyone?
Despite the largest Keynesian spending splurge in the history of the planet, the economy continues to founder.
No. I do not believe in getting trapped in a pattern when you recognize the pattern. The child-actor are obvious. I am kind of a student of the patterns of the universe. When my partner, James Lassiter, and I came to Hollywood, I said, "I want to be the biggest movie star in the world." We observed that of the top ten movies of all time, ten were special effects or animation. Nine were special effects or animation with creatures. Eight were special effects or animation with creatures and a love story. So we made Independence Day. When you see the , you just try to put yourself in the position to get lucky.
"From the perspective of a rational person -- in other words a progressive -- we shouldn't be talking about spending cuts at all now," Krugman said during a roundtable discussion on ABCNews' This Week With Christiane Amanpour. "We have 9 percent unemployment. These spending cuts are going to worsen unemployment. It's even going to hold the long-run fiscal picture because we have a situation where more and more people are becoming permanent long-term unemployed."
Simple questions:
::Why is it that the recession in the early 30's became the great depression after Keynesian expansion?
::Why was there a recession in 37 (until recently a recession second only to the Great Depression in severity) after years of enacting Keynesian solutions?
::If WWII was an example of Keynesian success why was it immediately followed by the recession of 45 at the war's end?
::If Japan executed one of the greatest Keynesian experiments in modern history then why do they languish in a perma-recession.
::If the US invested it's own round of Keynesian based solutions beginning in 2008, then why does the US seem to be entering it's own perma-recession in the same way that it did during the great depression and in the same way that Japan has?
::If Keynesian Theory is intended to "kick-start" an economy out of recession, why was there a greater rate of growth after recessions prior to the use of Keynesian solutions?
Keynesian solutions have racked up an impressive pattern of extending recessions. Only the most credentialed among us can pass off the stupidity of arguing otherwise otherwise as intellectual thought.
Why not leave our children and grandchildren with debt? Why do they get to be the special generation with no debt? Has helicopter parenting progressed so far that we can't even run a deficit to save the economy? Why do our hearts ache more for future generations than they do for the millions of people who are unemployed right now?
Why?
Because it shifts real loss to subsequent generations for the mirage of a repaired economy today. As Dr. Brod has said in reference to the recession of 1937 which was second only to the current recession in severity after the Great Depression:
...what we saw in the 1930s is that fiscal stimulus worked while it was tried, and didn't work when it was pulled back.
In other words we traded real debt for no lasting gain. Keynes failed, FDR failed. The nation suffered.
We saw it again with the conclusion of WWII which was followed not by boom but by bust in the recession of 1945.
And in the most glaring example there is Japan which continuous the feel good Keynesian stimulus that has resulted not in boom, but a full generation of economic stagnancy. In Japan we see firsthand the real loss that was transferred to the unborn when Japanese leaders chose Keynesian solutions.
Those unborn are now young adults enduring the fiscal abuse metered out by elders who asked themselves:
Why not leave our children and grandchildren with debt? Why do they get to be the special generation with no debt?and chose poorly.
Duke Energy filed Friday for an overall 15 percent rate hike, its largest such request in North Carolina in at least 20 years.
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N.C. residential rates would go up 17 percent, adding $19 to the average $97 monthly bill. Commercial and industrial rates would rise 14 percent.
...all of the equations in neoclassical economics are rubbish. The differential equations describe nothing. Economics is not about mathematics, it is about the human being.
Sources close to Paul, who is in his 12th term in the House, said he will unveil an exploratory presidential committee, a key step in gearing up for a White House race. He will also unveil the campaign’s leadership team in Iowa, where the first votes of the presidential election will be cast in caucuses next year.
“‘Daddy, is it really true that people used to fly to the Moon when you were a boy?’ It shook me, because that’s how a Dark Age begins.”
China appears to be getting ready to cut its USD reserves by roughly the amount of dollars that was recently printed by the Fed, or $2 trilion or so. And to think that this comes just as news that the Japanese pension fund will soon be dumping who knows what. So, once again, how about that "end of QE" again?From Xinhua:
China's foreign exchange reserves increased by 197.4 billion U.S. dollars in the first three months of this year to 3.04 trillion U.S. dollars by the end of March.
Xia Bin, a member of the monetary policy committee of the central bank, said on Tuesday that 1 trillion U.S. dollars would be sufficient. He added that China should invest its foreign exchange reserves more strategically, using them to acquire resources and technology needed for the real economy.
He created a deeper recession, and delayed the recovery. The consequence is soaring numbers of Americans enduring unemployment, foreclosures and bankruptcies. This is the Obama Misery Index, and it is at a record high. It’s going to take more than new rhetoric to put Americans back to work — it’s going to take a new president.
Gonzalo Lira:
What I do know is, One, a hyperinflationary event will happen, following the crash in Treasuries. Two, commodities will be the go-to medium for value storage. Three, all asset classes will collapse in short order. And Four—and most importantly—civil society will not collapse along with the dollar. Civil society will stumble about like a drunken sailor, but eventually right itself and carry on with a new normal.
Today Dr. Brod gave us the generational redistibutionst's argument for Keynesianism:
In most cultures leaving a stronger, wealthier tomorrow to subsequent generations would be a source of pride.
Only in liberalism would such success be a source of envy.
How best to remedy the inequity of the rising standards of living that benefit unborn generations?
Keynes and its generational redistribution, of course. Diminishing tomorrow for today through debt.
The result being the uniform equity of no rising standard of living across generations. Heck, we know it works, just look at Japan and it's success with Keynesian sourced generational redistribution otherwise known as Japan's 20 year recession.
Ultimately arguing for Keynes' generational redistributionist qualities is an admission of Keynesian born economic stagnancy and failed growth policy.
Bugs can be features to the socialist.
Insidious.
out