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The Keynesians Get Their Wish
American Thinker ^ | November 06, 2010 | Peter Raymond

Posted on 11/06/2010 11:32:14 AM PDT by Hotlanta Mike

The Keynesians finally got their wish. The Federal Reserve plans to inject $600 billion of the most caustic debt imaginable into the economy. This is the Agent Orange of monetary policies that has the potential to wreak financial havoc.

(Excerpt) Read more at americanthinker.com ...


TOPICS: Government; Politics
KEYWORDS: debt; fdr; governmentfail; keynsianism; liberalfascism; obamafail; obamunism; socialism
"Unfortunately, with the student pilot who fancies himself an airline captain currently at the controls, the prospects of avoiding a financial crisis that could dwarf FDR's man-caused disaster of the 1930s would be a miracle at this point."
1 posted on 11/06/2010 11:32:14 AM PDT by Hotlanta Mike
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To: Hotlanta Mike

I have seen this coming, I call it the Great Fall


2 posted on 11/06/2010 11:35:36 AM PDT by GeronL (http://libertyfic.proboards.com <--- My Fiction/ Science Fiction Board)
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To: Hotlanta Mike

Keynesian theory has been thoroughly refuted every time it is implemented. Why is it that something isn’t so unless a liberal agrees?


3 posted on 11/06/2010 11:38:24 AM PDT by Constitutional Patriot (Socialism is the cancer of humanity.)
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To: Hotlanta Mike

Nobody believes in this anymore. They are ideologically opposed to supply side solutions, and they have no imaginations, are scared stiff, so they robotically go about doing the only thing they know how to do - print money.


4 posted on 11/06/2010 11:39:11 AM PDT by DManA
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To: Hotlanta Mike

Keynesian theory has been thoroughly refuted every time it is implemented. Why is it that something isn’t so unless a liberal agrees?


5 posted on 11/06/2010 11:39:11 AM PDT by Constitutional Patriot (Socialism is the cancer of humanity.)
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To: Hotlanta Mike

The People spoke last Tuesday and said “We will not be slaves.”

Then, the Fed spoke and said, “Yes, you will and there’s nothing you can do about it as a voter.”

Lock and load, America.


6 posted on 11/06/2010 11:39:46 AM PDT by Bryanw92 (Obama is like a rocket scientist....who's trying to do brain surgery with a hammer.)
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To: Bryanw92

In January Geitner and Bernanke must be called to account by the new Congress. The middle class and retirees are at great risk, just ask Argentinians.

http://www.time.com/time/world/article/0,8599,189393,00.html

http://www.guardian.co.uk/world/2001/dec/23/argentina.sophiearie


7 posted on 11/06/2010 11:53:21 AM PDT by Hotlanta Mike (TeaNami)
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To: Hotlanta Mike

When this ultimately fails, with the idiot socialist economists finally realize the failure(s) of their ideology? Will then then go out and burn every single book on Keynesian “economics?”


8 posted on 11/06/2010 11:53:57 AM PDT by ThunderSleeps (Restore santiy to DC, send obama, Reid, and Pelosi on vacation.)
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To: Hotlanta Mike

Sounds like Carteresque stagflation to me, not Zimbabwe.

The sky won’t fall, but can the Republicans avoid blame for Obama’s actions? The Fed won’t have to print cash to buy Treasuries if Boehner really puts us on the 2008 budget. Businesses won’t be afraid to stay open if Obamacare is defunded and/or repealed. Opposing earmarks is a great symbol, but the substance of the budget is what’s important.


9 posted on 11/06/2010 11:54:46 AM PDT by mrreaganaut (Coolidge for President!)
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To: Hotlanta Mike

This will be the end of the US dollar, folks.

What they have done is buy us maybe 6 months if there is no black swan event.

Use that 6 months to prepare for very bad times for a long time.


10 posted on 11/06/2010 11:59:08 AM PDT by Ghost of Philip Marlowe (Prepare for survival.)
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To: Hotlanta Mike

*


11 posted on 11/06/2010 12:13:41 PM PDT by PMAS
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To: Bryanw92

>The People spoke last Tuesday and said “We will not be slaves.”
>
>Then, the Fed spoke and said, “Yes, you will and there’s nothing you can do about it as a voter.”
>
>Lock and load, America.

That about sums it up.


12 posted on 11/06/2010 1:07:25 PM PDT by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: berdie

later


13 posted on 11/06/2010 1:28:11 PM PDT by berdie (qill)
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