Skip to comments.Michael Pento Favors Depression vs. More Stimulus: Dan Greenhaus Can't Believe It (Video at link)
Posted on 08/13/2010 12:50:23 PM PDT by USALiberty
Pento: The government can have only a negative effect on the economy. Government is vacuous entity...We should cut taxes aggressively and cut spending aggressively. To make impotent the government and give the private sector and the free market as much power as possible so we can grow our way to of this fiscal mess as soon as possible while we strengthen our currency.
Pento: The economy needs to go through a severe, hopefully truncated, depression. Have it now, have it in the safest and quickest fashion so you can get onto a real and viable recovery.
(Excerpt) Read more at finance.yahoo.com ...
We need to STOP THE SPENDING NOW and let the economy become tempered in the FIRES OF THE FREE MARKET. It'll get hot and a lot of slackers, welfare recipients and union slugs will get burned. But that's what it's going to take to preserve LIBERTY!
We need to have the guts to say it. BRING ON THE SHORT DEPRESSION! America will be better off in the long run.
stimulas is making sure we have depression
sounds about right to me
Pento is absolutely right. No WONDER YAHOO doesn’t understand.
Could’ve done this in the fall of 2008. Either Bush or 0bummer could have done it.
Lots of blame to go around.
We’d have been done with our Big Recession by the Fall of 2009. IMHO. Which I suggested at the time.
Yes he’s right. No, it won’t happen. Politicians are not about to stop interfering with markets. The worse things get, the more action people will demand from government, even as they blame government for the problems.
Debt is deflationary. The math cannot be denied!
I doubt I’ve ever seen a more stupid article.
Debt is deflationary, right up to the moment when Government tries to pay for it with a printing press.