Wednesday, June 16, 2010

Are Government Debts Leading us to a Keynesian End?

6/11/10 Economists on Fox Business News discuss what happens when governments accumulate too much debt and can no longer use Keynesian tools to boost artificial economic growth.

3 Comments:

At 6/16/2010 12:00 PM, Blogger Jb said...

My thoughts exactly. I agree 100% with the guest.

I don't buy into the idea that we can continue to borrow forever any more than I believe we can base an economy on a non-renewable resource forever. We need major economic and energy reform NOW.

Obama touched on this last night but I thought his speech was weak: there's no leadership, no passion, no plan, and no urgency.

Thanks, Randy.

 
At 6/16/2010 5:39 PM, Blogger 45north said...

LA Times:

Another galactic reform out of Hyde Park.

http://latimesblogs.latimes.com/washington/2010/06/obama-speech-react.html

The one thing Obama did not do was put a tax on oil! Pretty simple to do. Effects would be immediate conservation of energy. We do it in Canada.

The plan is to stay in power.

 
At 6/16/2010 7:52 PM, Blogger Randy said...

Great link 45North - I missed the President's speech, but looks like the linked article covered it pretty well... If it weren't so damned serious, I'd say our whole corrupt system is nothing but a laughable joke...

At this point in life, I'm actually becoming numb to many of the world's serious issues - concerns that typically get followed up with partisan political bickering, a coverup of some sort, or an idiotic decision that completely defies logic and / or the common sense test. What have we become - Is there hope???

 

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