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#1 |
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Curio & Relic
Contributor
AKaholic #: 157099 Join Date: Apr 2011
Location: Missouri
Posts: 2,831
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It is interesting to note that the Professor Paul is worried about a "Depression", and how he thinks we should FDR our way out of it. WAM, I thought we were in a "Recovery"!?
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"A free people ought not only to be armed and disciplined, but they should have sufficient arms and ammunition to maintain a status of independence from any who might attempt to abuse them, which would include their own government." - George Washington |
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#2 |
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Tinfoil Asshat
AKaholic #: 6198 Join Date: Jul 2006
Location: Hell's Septic Tank
Posts: 5,818
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You know the establishment continues to push debt and deficits
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Carthago Delenda Est
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#3 |
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Curio & Relic
AKaholic #: 7184 Join Date: Dec 2006
Posts: 4,588
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So Krugman does in fact recognise its a depression?
Interesting. But still thinks the central bank inflating its way out is the answer? "Professor"...yeah... I think I'd be wanting my tuition back... |
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#4 |
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Senior Member
AKaholic #: 39372 Join Date: Apr 2009
Location: Radio-Free-Texas
Posts: 650
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This guy actually says "We're not even really sure where the line between money and non-money is"... Isn't this the problem with our fiat (fake) money? Its just printed paper that a monopoly bank (the Fed) has full control of to manipulate the way this guy or other liberals think is best? Money should be money, when I took economics, I was told that the most important contributing factor to the value of money is the people's confidence in its stability. A run-away, inflationary policy is the reason the Germans were using wheelbarrows full of it to buy a loaf of bread after WWI. You've never yet seen a picture of people burning/melting or throwing away gold or silver.
Glad to see Ron Paul burn down yet another lib-tard. Heck even Keynesian economics say that during "successful" inflationary periods, wages should go up proportionately to prices. What these guys are doing is the Ford and Carter model of "stag-flation". Nobody's wages are going up. |
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