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Beearewhyain

(600 posts)
Sat Mar 2, 2013, 01:42 AM Mar 2013

Huzzah! Austerity will be Raining it's Blessings Upon Us

Now I know that so many of you have listened to "other" economist that have said that austerity and budget cuts to reign in the deficit during an anemic economy is a bad idea but have faith. Every Austrian economist says that Government is bad (M'Kay). Government is the problem! So now we get to see first hand how glorious cutting Government is. Why, from what they have said, prosperity should be showering on us almost immediately, because, you know, confidence or something.

However, if we don't see immediate and sustained economic prosperity immediately following this action then I think that we should stop taking these budget scolds seriously and maybe look to some folks that have been, you know, correct in their predictions up to this point. Specifically the Keynesians. Yeah, I am looking at you CNBC/FOX/FOX Business etc.

Also, I am not going to let you make excuses either. None of this "the sun got in my eyes" or "the grass was wet" or "there is an institutional economic bias" or other such nonsense. No, all of you who have said, categorically, that bigger government is ALWAYS bad and smaller government is ALWAYS better; you better fucking own it.

Done with my rant now and gonna play some xbox.

B

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Huzzah! Austerity will be Raining it's Blessings Upon Us (Original Post) Beearewhyain Mar 2013 OP
Awesome rant. n/t TDale313 Mar 2013 #1
Thanks! n/t Beearewhyain Mar 2013 #5
Damn good rant. Bravo! nt Jack Sprat Mar 2013 #2
And to you gratitude Beearewhyain Mar 2013 #6
Right on. They damn well better own it. gtar100 Mar 2013 #3
Let us all not forget Beearewhyain Mar 2013 #7
That's not how economics works nxylas Mar 2013 #4

nxylas

(6,440 posts)
4. That's not how economics works
Sat Mar 2, 2013, 03:50 AM
Mar 2013

The Austerians have been proved consistently wrong for the last 30 years, and yet are still taken seriously by those in power and their stenographers in the "mainstream" media. Why should they stop now?

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