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To: politicket
Politcket, here's an article that may catch your fancy:

http://www.atimes.com/atimes/Global_Economy/KJ06Dj04.html

And here's an excerpt:

Keynesian spending creates a deficit that sucks all the available capital out of the grassroots economy and transfers it to the Treasury market. Easy funding terms from the Federal Reserve allow financial institutions to make money in government bonds while shutting off credit to the rest of the economy. It's classic crowding out, in which the government's misguided effort to spend its way out of recession pushes the productive economy deeper into the hole.
76 posted on 10/07/2009 5:12:43 AM PDT by Right_Wing_Madman
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To: Right_Wing_Madman
Politcket, here's an article that may catch your fancy:

Thanks for the link!

The author writes a good piece - but reaches the wrong conclusion.

We are not like Japan was during 1989. The Japanese went through "stagflation" during their lost decade. Stagflation is high inflation with high unemployment.

We are in deflation mode - negative inflation with high unemployment.

77 posted on 10/07/2009 11:42:26 AM PDT by politicket (1 1/2 million attended Obama's coronation - only 14 missed work!)
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