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Joined: 07/29/2008
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The Politics of Fear

Well you if you have the time perhaps you could spell check then repost for me. Spelling is a lot more important than having a grasp of the essential idea.

expatriate's picture
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Location: Arizona
Joined: 10/26/2002
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The Politics of Fear

To bad you're failing at both.

CVC
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Location: Kansas
Joined: 03/04/2006
Posts: 3586
The Politics of Fear
expatriate wrote:
To bad you're failing at both.

Shame on You! You shouldn't pick on Civet like that. Especially, when his Obama is not doing so well with cabinet picks. Another one bit the dusk today. His commerce secretary realized who the man behind the curtain was and quit.

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Joined: 07/29/2008
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The Politics of Fear

Just curious if in that socialized higher education I paid for did you take any macro economics?

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The Politics of Fear

I took macroeconomics, and you didn't pay for it. Believe it or not, there are people in this country that provide for themselves, instead of expecting a Nanny State to do it for them.

I recommend you consider taking classes in logic and political science.

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The Politics of Fear

I took macroeconomics

Just curious, did you remember any of it, like that guy Keynes or did you just decide they were teaching you hogwash. I thought you went on the govt tab?

Do you read any economist with regularity, or at all? Not criticising, most people don't, even your buddies at Fox, MSNBC, and CNN, but just wondering.

http://mediamatters.org/items/200902110027

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The Politics of Fear

Yes, I remember Keynes. The question is do you remember Adam Smith?

Keynesian economics is good to a certain point. If the economy slows, increase government spending to stimulate it. However, this concept has its limitations. I doubt Keynes envisioned government turning into a monstrosity with insatiable appetites that had it borrowing huge sums of money every year, regardless of economic conditions. There's not a bottomless pot of money, and at some point Keynes starts to fall apart. Our national debt is currently well over $10.7 trillion and growing at a rate of $3.4 billion PER DAY. Every citizen's share of this debt is now over $35,000. Service of that debt is a drag on our economy. Getting another credit card may enable you to buy nice things and give you a short-term illusion of success, but in the long run you're making your situation worse.

The question that needs to be asked of Keynesian economics is at what point does the government stop being the lifeboat and start being the anchor?

As for your accusations about my grasp of the subject, I just can't take a guy seriously that looks to Wikipedia, Media Matters, and KOS for his economic analysis over the Wall Street Journal.

As for me and my education, I know what it's like to spend foodstamps and feed my kids government mac & cheese. My first two kids went to Head Start. Back then, my wife worked day shift and I worked nights -- we handed off the kids at shift change. My family is now blessedly comfortable, and it's not because of social programs -- it's because I busted my butt to get where I am, rather than waiting for my check every month like a lot of other Head Start parents.

Oh, and by the way, along the way I picked up a Master's Degree in Public Administration. So despite your efforts to pigeonhole me, I do know what I'm talking about.

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Location: Florida,USA
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The Politics of Fear

Dang it expat!!
I was wanting civetcat to tell us all about Keynes, see if it matches Wiki.
He should have also known that all of Keynes ideas were controversial and not really proven under a free market system.
He also recommended Deficit spending by the Government during times of economic downturns to try and create or maintain full employment.

I wonder if he has ever heard of that Marshall guy?

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