https://www.youtube.com/watch?v=qxK... Have no fear, <Captain Hindsight> is here! https://www.youtube.com/watch?v=4Rk... and https://www.youtube.com/watch?v=B-k...
<Those who fail to learn from history are doomed to repeat it … and we’ve known that for a long time. <>>
" The economy was collapsing, and try as they might, the policy makers only exaserbated the problem. Yet people continued to believe in the government they had not elected due to fraud and bribes from corporations. Only a few dozen homeless people in each city made any noise, and those movements never gained any traction. We would like to note here there was a blog called "Zero Hedge" that did well to predict the coming @#$%pacalypse, but it appeared to be only mainstream as far as trading ideas went. It's culture never fully caught on to the status quo...."
-Future Famous Historian, 2020
From the book, <"Hindsight">
<<Captain> Obvious saves the Day! <<>>>
I'm only here coz my flux capacitor is broken.
As an Austrian economist, you just have to laugh!
Reality is that every dollar the the government borrows to spend on government consumption is a dollar that would have been borrowed by businesses to purchase plants and equipment which is the real source of growth.
<So the threshold is not 90% its 0%. <Empiricism is totally useless in a world where variables are interrelated, parameters and interrelationships change, and key variables are un-measurable expectations.>>
OhioChessFan: <A search for the Holy Grail has a better chance of success than an accurate measuring of crowding out. <Even if the economists could figure it out, the politicians would mess it up.>> Yep!
In my many years I have come to a conclusion that one useless man is a shame; two is a law firm and three or more is a government.
<The trouble with being a cynic these days is it is so much work to keep up. <>>
<I hate being late, but I'm so good at it.>
Hindsight strikes again: http://2.bp.blogspot.com/-MGWrhsfcG...