Another “Breaking Windows Helps The Economy” zealot reporting in.
Why not spend a quadrillion dollars and pull the entire world out of this global economic quagmire?
That makes perfect sense as government spending is figured as part of the GDP. In other words, the huge increase in spending under King Barry is masking the fact that we are actually still in recession.
Fact: Projections are notoriously off to the extreme low side
Fact: 2 Trillion has been spent in the last 2 and 1/2 years, and Jobs continue to be lost at the rate of 398,000 per week (can you imagine that is being hailed as an improvement).
Quote: “Government can not solve the problem, Government IS the problem.”
Warren Mosler is a liberal economist who is running for Sen Dodd’s seat in Connecticut!
Is “Pragmatic Capitalism” anything like “compassionate coservatism?”
Thats the way it goes, numbnutz. Should we end up like Greece, Portugal, Spain, France? Stagnation forever and 20 % unemployment? No thanks, Mr Pragmatist.
Time to live within our means. Destroying the value of our currency and individual savings is no way to go through life, son.
If Walter Mosler is a capitalist, it is of the crony capitalist type.
True free market capitalists understand the danger of government control of massive parts of the economy. This is the very heart of the fascist economic model. Far too few understand this.
The only way to build a true wealth-building economy is to get it out of the hands of government.
Bingo! Besides that we aren’t going to default on our debt, we have enough cash flow to pay our immediate obligations.