Quote from: ChrisC on June 10, 2012, 02:57:58 AMKeynesian Economics will never work. You just can not keep printing money until it looses it's value to the point of being nothing more then worthless paper. It has been getting at that point over the decades now anyways. You can Tax the rich into oblivion and it still will not fix the problem. When will we get it that the current ways of doing economics does not work. Suppose it will take a global crash possibly. Look at Europe. They are not getting it over there. The Greeks are now using Gold, Silver and Bartering and it seems to be working quite well. The inception of the FED in 1913 started this mess, FDR extending The Great Depression, Nixon getting rid of the Gold Standard and on and on. I will trust Peter Schiff any day of the week over a Twat like Krugman, Greenspan and Bernake.
I have a feeling that most here do not want Keynesian economies to go away
It is in human nature that we are lazy, and lazy people always want easy money - and printing money is always much easier than having to work for it
Same as those in perpetual welfare - why do you need to go to work, and work hard, everyday when the government will give you free money anyway?
It's "I need to get my share of Free Lunch" syndrome, and most will prefer to believe in Krugman's idiotic ideology than to use than own brain to think
Even the Nobel prize committee is filled with those who do not mind to get money for nothing - they gave Krugman a Nobel Prize for economy, didn't they?
I do not foresee a bright light at the end of the tunnel - and at the rate we are going, with near zero interest rate and governments creating billions and trillions of dollars out of thin air - this whole thing is getting worse by the day and one day this thing just gonna crash
What will happen I do not know.
I don't have a crystal ball for that, but I can tell you that it will not be pretty
Even stock markets are getting in the act - Asia's stock market indexes have shot up today after learning of the so-called "good news" - that the European Union gonna lend Spain yet another 125 Billion dollars (100 Billion Euros) to shore up their banks
Don't they ever learn that what they are doing is to pile more and more cards on a house of cards?
But I digress ....