The Beginning Of The End Of The American Empire?-uncommon Common Sense

Discussion in 'Politics' started by Revmitchell, Apr 22, 2008.

  1. Revmitchell

    Revmitchell
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    ......Most people, especially economists, are surprised—even shocked—to discover these facts, primarily because they don’t bother to study economics properly and just accept Ivy League Socialist propaganda at face value. They can’t seem to understand the fact that the recovery from the Great Depression was "very weak": Simply because this data contrasted sharply with both Keynesian Monetarist and neoclassical theory and popular beliefs that state that there should have been a booming robust economy. The weak recovery is puzzling to the Neoclassical economists as well to the Monetarists because the large negative shocks that they believe caused the 1929–33 downturns, including monetary shocks, productivity shocks, and banking shocks all become positive after 1933." Thus, according to their theories, the economy during a depression is somewhat dead, like the Frankenstein monster, but is then "shocked" back into becoming a living, breathing dynamic economy by lowering interest rates, increasing credit and money supply as well as demand augmentation by massive government spending. The monetary base increased more than 100% between 1933 and 1939, making the case that such a "monetary shock" should have returned the economy to normalcy, according to some well-known macroeconomists who once proclaimed that "positive monetary shocks should have produced a strong recovery, with employment returning to its normal levels by 1936."

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  2. EdSutton

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    Well, considering the miniscule, insignificant, small little trivial, annoying and overlooked point that the United States of America is, was, and and has always been a Constitutional, Representative Republic in two main forms, and is not, was not, and never has been an Empire, of any sort, your point is ...??? :rolleyes:

    Ed
     
  3. poncho

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    We're a "superpower" that borrows money from tiny countries to wage global warfare.

    What kind of an empire would do that?
     
  4. JustChristian

    JustChristian
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    The real point of this article hasn't been mentioned.

    BAILING OUT HOME OWNERS
    Congress’ attempts to bail out homeowners is just a red herring to cover up who are the real beneficiaries of taxpayer largess, the World’s major Banks, Brokers and Institutions. Bernanke, Paulson and company will end up having to inject $2 trillion and in the process destroy our currency. History repeats and as I predicted as far back as two years ago, we will see the “New Deal of the 21st Century” as we repeat the exact same mistakes today that we did back then. By the way, while we are at it lets get the heads of our failed oversight agency’s to draw up new rules and regulations, giving them more power than they already had up until now. That should do the trick, once again, doing more of the same.

    The point is that economic policy under the current administration is just as dangerous as the policy described during the depression. Why should we have bailed out Bear Sterns and homeowners who bought houses they couldn't afford? In a true capitalist society Bear sterns (and others) should have gone down. So who's supporting Marxism?
     

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