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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHuzzah! 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
TDale313
(7,820 posts)Beearewhyain
(600 posts)Jack Sprat
(2,500 posts)Beearewhyain
(600 posts)gtar100
(4,192 posts)Because I for one won't let them forget it.
Beearewhyain
(600 posts)Who said what
nxylas
(6,440 posts)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?