lyniebell
Join date : 2009-05-04 Posts : 151 Location : Pittsboro/Silk Hope Age : 70
| Subject: "economists on the left and right agree" Ya Right! Tue Jun 09, 2009 9:56 am | |
| April 17, 2009 Not All Economists Agree by Peter Schiff In a speech this week summarizing his administration's economic policies, President Obama grossly overstated the support these policies enjoy by claiming, "economists on the left and right agree that the last thing the government should do during a recession is cut back on spending." There are a great many economists who were surprised to learn that, apparently, they now agree with the President. Reading straight from the Keynesian playbook, Obama justified the creation of multi-trillion dollar deficits by asserting that the government must fill the spending void left by the contraction of consumer and business spending. As one of those mythical economists who do not agree with the President, I argue that it is precisely this type of boneheaded thinking that got us into this mess, and it's the reason we are now headed for an inflationary depression. Read all of the article here: http://investingheros.blogspot.com/ | |
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