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Author Topic:   Keynesian Economics and Recession Counter-Measures
nwr
Member
Posts: 6412
From: Geneva, Illinois
Joined: 08-08-2005
Member Rating: 5.3


Message 70 of 83 (579937)
09-06-2010 6:38 PM
Reply to: Message 68 by Straggler
09-06-2010 5:50 PM


Re: Deficit Reduction - UK And Beyond
Straggler writes:
If we all deficit reduct at the same time is that a recipe for global recession gone mad?
It is probably a bit more complex than that. However, I do think that we are heading in the wrong direction.
If I go by what I have heard on economic analyses over several decades, there are two things that cause problems for the economy:
  1. too much consumer spending - consumers ought to save more;
  2. too much consumer saving - consumers ought to spend more.
I sometimes wonder whether there is even more double talk and self contradiction in economics than there is in biblical literalism.

This message is a reply to:
 Message 68 by Straggler, posted 09-06-2010 5:50 PM Straggler has not replied

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 Message 71 by jar, posted 09-06-2010 6:52 PM nwr has seen this message but not replied

  
nwr
Member
Posts: 6412
From: Geneva, Illinois
Joined: 08-08-2005
Member Rating: 5.3


Message 77 of 83 (580672)
09-10-2010 3:06 PM
Reply to: Message 76 by Minnemooseus
09-10-2010 2:59 PM


Re: Killed by productivity
Minnemooseus writes:
Nobody's going to jump on that statement?
Perhaps people want to avoid violating rule 10

This message is a reply to:
 Message 76 by Minnemooseus, posted 09-10-2010 2:59 PM Minnemooseus has seen this message but not replied

  
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