[Peace-discuss] Liberal radio pushes deficit scam

[E. Wayne Johnson]

"...since people with familiar with economics would likely argue that 
current deficits are too small..."

That is certainly the Keynesian view.

Some would argue that Keynesianism is fundamentally flawed but I doubt that
either Austrianism or austerity is going to save the system.

It's very difficult to force prosperity by throwing money at it.  The 
money tends to find its way into
the deeds of the greedy rather than into projects that work toward 
mutual benefit in the society.

At this point I dont think the American economy will respond to anything 
short of the equivalent
of a 2x4 applied to the cranium.  The question is if the American people 
are clever enough, ambitious
enough, and brave enough to bring to justice the real criminals and 
release the present incarcerates, most of whom are relatively
innocuous .





On 8/20/2010 12:33 AM, C. G. Estabrook wrote:
>  Thursday, 19 August, on NPR's "Morning Edition's top of the hour news 
> segment, Carol Van Dam described federal deficits as 'out of control' 
> ... This is an especially bizarre comment since people with familiar 
> with economics would likely argue that current deficits are too small 
> given the falloff in private sector spending associated with the 
> collapse of the housing bubble."
>
> http://www.cepr.net/index.php/blogs/beat-the-press/npr-joins-the-tea-party?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+beat_the_press+%28Beat+the+Press%29&utm_content=Google+Feedfetcher 
>
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