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We don't have a revenue problem, we have a SPENDING problem

#22
(This post was last modified: 05-09-2015, 08:18 AM by EricC85.)

Quote:Cute video... all opinion and no real facts on the actual theory... the theory is sound. The problem is how the politicians implement policy...


You don't have to be Keynesian, lol, it's existing just fine. You also don't have to believe in newtonian physics, but gravity is gonna keep your butt firmly planted on your couch! :-)


What's this Austrian thing you speak of? Please explain that

It's is a funny video I'll post more on Austrian economics later I gotta do some stuff this morning but in short Austrian economics is the argument that monetary policies can only be manipulated short term by the state with a compounded increase of inflation as a result, there is simply no way that Keynesian polices such as QE can avoid inflation.

 

Before I run outside for the day I'll link a more serious explanation of Austrian economics it's long but Glenn Jacobs does a REALLY good job breaking it down.

 

https://www.youtube.com/watch?v=l8xphl-CyvU

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We don't have a revenue problem, we have a SPENDING problem - by EricC85 - 05-09-2015, 07:26 AM



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