WillowTree
Diamond Member
- Sep 15, 2008
- 84,532
- 16,092
- 2,180
How The Demand-Siders Ruined The U.S. Economy
Now consider that this pathetic recovery was achieved by a ridiculous increase of 54% in the U.S. public debt (from $9.3 trillion as the recession began in late-2007, to $14.3 trillion today) and of 211% in the Feds monetary base (from $825 billion to $2.5 trillion), which serves as latent rocket fuel for rising inflation rates. These numbers would be horrific enough were they merely the inadvertent fallout of otherwise reasonable and well-meaning public policies; but in truth the results are the inevitable result of two highly-acclaimed, widely applauded but deadly policy approaches: Keynesianism and Monetarism.
How The Demand-Siders Ruined The U.S. Economy - Richard M. Salsman - The Capitalist - Forbes
After reading this pay close attention to what they are saying.in dc.. more borrowing, more spending will get us out of this.. utter Bullshit.
Now consider that this pathetic recovery was achieved by a ridiculous increase of 54% in the U.S. public debt (from $9.3 trillion as the recession began in late-2007, to $14.3 trillion today) and of 211% in the Feds monetary base (from $825 billion to $2.5 trillion), which serves as latent rocket fuel for rising inflation rates. These numbers would be horrific enough were they merely the inadvertent fallout of otherwise reasonable and well-meaning public policies; but in truth the results are the inevitable result of two highly-acclaimed, widely applauded but deadly policy approaches: Keynesianism and Monetarism.
How The Demand-Siders Ruined The U.S. Economy - Richard M. Salsman - The Capitalist - Forbes
After reading this pay close attention to what they are saying.in dc.. more borrowing, more spending will get us out of this.. utter Bullshit.