These are the people who said that there was no housing bubble, that there was no danger of financial crisis, and then that a financial crisis would not impact the real economy. These are the same people who said they needed a multitrillion dollar bailout of the financial industry, or we would get severe trouble in the economy.
Rival explanations — for example ones that claim government deficit spending doesn't help an economy — fit the evidence far better.
"Socialism and legislation seem to be inevitably connected if socialist societies are to keep alive."
Over two decades before the Spanish Jesuit de Mariana, George Buchanan arrived, for the first time, at a truly individualist theory of natural righ
The European experience, in fact, suggests that governments play absolutely no role in stabilization.
On the contrary, free enterprise and limited government have a proven track record and sound theoretical underpinnings.
The true tragedy of a fiat money regime is that bogus economic growth by way of monetary and fiscal stimulus can go on only until either the collapse of hyperinflation brings an end to the artificial boom or the amount of accumulated debt makes state bankruptcy inevitable.
Ultimately, he and the woman are caught, imprisoned, and tortured. In the end, he is sincerely repentant of his crimes and is completely devoted to the all-encompassing government that has done him all this harm.
"Social democracy is still here in all its variants, defining our entire respectable political spectrum, from advanced victimology and feminism on the Left over to neoconservatism on the Right. We are now trapped, in America, inside a Menshevik fantasy, with the narrow bounds of respectable debate set for us by various brands of Marxists. "
Whether or not the US economy is "turning Japanese" is still an open question, but is becoming ever more likely as fake fixes are delaying painful economic adjustments.
