Posted on 07/17/2011 2:43:12 PM PDT by Koblenz
Listen up, sisters! Deficit hawks will eat your lunch, your kids, your jobs and your retirement.
An economy without a deficit is like a fish without water. Reducing the U.S. federal deficit will make unemployment and poverty worse–way worse. And that means that women’s economic condition will deteriorate even further.
Today’s deficit hawks (and way too many Democrats are flying with this flock), fundamentally and deliberately misinform by insisting on a fictional symmetry between private sector (household and corporate) bookkeeping and the U.S. federal debt.
(Excerpt) Read more at msmagazine.com ...
Cringeworthy and horribly stereotypical.
Basically this is just a stereotypical airhead woman, giggling that she doesn’t understand any of that checkbook balancing business—she just knows shopping! Tee hee!
Not true.
I’m an Economist by formal education and reject All that she postulates.
THe key thing to know about her is this:
She received her PhD in economis from the University of Massachusetts in Amherst, Massachusetts USA.
A more liberal college there never was.
She should be called a Marxist, not an economist. The old USSR was full of individuals teaching the principles of Marxism. The left in this country cannot be so direct. Instead of Marxists, we get feminist economists, labor economists, and government economists (even with Nobel prizes).
She is truthful on one level. The government has few restraints on creating dollars. With the dollar as the world’s reserve currency, we can pump the economy with money creation. Reducing government spending will create hardships in the short run.
Her unspoken assumption is that the world will continue to use the dollar as the reserve currency. The dollar will lose its status. It may not even be included in a weighted currency scheme. When the reserve status is changed, currency traders will attack the dollar with ferocity.
Her argument is essentially that the dollar will hold its value with almost no constraints on supply of dollars. Her argument violates the basic tenet of supply/demand that underlies economics. Inertia is keeping the dollar with purchasing power. However, there are strong forces acting on the world economy that will eventually overcome inertia. She is ignoring the gathering storm that will act to validate the law of supply and demand.
Just wow. True ignorance...
For those who want to see the math, Karl Denninger over at the Market Ticker does a pretty good job of laying it out, showing how we have been scammed by both parties over the years...
http://market-ticker.org/akcs-www?singlepost=2626292
That’s all you need to know.
Well, to be fair my Economics Professor in college had a PhD and very astute on what was going on and what was about to happen (just prior to the housing market downturn). His lesson plan was 180 degrees out from what this author stated. I tried several time to 'feel out' his political inclinations but he would resist letting it out. Found out later he was a conservative republican but didn't really know who to trust with that information.
Wait! Wait! I thought an economy without a deficit was like fish without a bicycle!
Dang liberals, they have too many acronyms and analogies! I always complain that that they can't think up new slogans...
Actually, there are people like Thomas Sowell who has a degree in Economics, so that isn’t the issue. I think we need to look closer at the “gender studies” side to see where the moonbattery lies...
Hahah.....GMTA...
So sorry. I couldn’t understand what she was saying. I don’t speak “Stupidb*tch”.
Most of the comments are rippin’ her a new one!
“... Didn’t really know who to trust..”
Yeah. I think my point (mostly) still stands. Unless one is content picking the specks out of the pepper.
At first I thought this is satire. Then I saw that this was an economist. Then I realized that this must be one of those economist that is surprised when the economic results are published each month. Maybe this is one of the economists that has been advising Obama to just print more money.
Really sad.
This meme is the one Marxists will use to steal all the "wealth" of the nation.
After all, wealth and money are artificial constructs anyway, used by the "rich" to exploit everyone else.
The truly alarming aspect of this thinking is that it is held by over 100 million people in the USA.
We'll be so rich our wallets won't even be able to hold our money.
We will have money to burn.
We won't even bother to pick up what we drop.
Maybe we'll go full Zimbabwe so everyone can be trillionaires and quadrillionaires. Since Obama has already declared that millionaires and billionairs are evil, we'll just have to skip right over that. We'll be rich because we spend more than we have.
This is a direct, knowing lie, doubly so by an economics professor. The Fed is private corporation that loans currency to the US at interest. THAT'S THE DAMN PROBLEM.
But she's a feminazi writing for NOW - what she lies about over economics is nothing compared to what she lies about over Islam. Women have never had such hate-filled, murderous enemies as what Leftist feminists actually are.
I don’t understand how a person this stupid can even use a keyboard
So, I’m guessing she voted R last cycle because each and every dem voted to NOT raise the debt ceiling while W was in office....
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