Obama The End Of The Business Cycle
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oh the cycle is over alright its boom boom boom boom boom then busttttttttttttttttttttttttttt
tttttttttttttttttttttttttttttt tttttttttt -
it's not boom and bust
it's sow and reap
END THE FED
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This man is a mental midget.
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The central bankers are essentially price setters. It is their inability to set prices correctly (no central planner could ever do this correctly) that causes the boom bust cycles. The only way to end these cycles is to end the central bank. That is not going to happen, short of a Soviet style collapse.
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the new deal started in 1931, the great depression ended between '41-'44. seems like a lot of lag if it actually helped anything.
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Its sounds so sweet when he says it. just wait until it is implimented. We'll surely all be worse off because of it.
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I can't wait for the 2.5 million new jobs that Obama will create in the economy. This flow of money from the private sector towards the government sector will be just we need in order to plant more trees in or cities, flowers in our parks, install better drinking fountains at football stadiums, and better looking stop signs, and stop lights. Oh the "New Deal" will be sweet for America.
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Exactly. He idolizes FDR and is studying up tirelessly on the policies he implemented during his reign in the depression era.
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The bromides of the 1930s have come back into fashion. The markets have "failed," the government must step in, all our problems are due to the lack of regulations: Washington knows best, and will take things in hand.- cf. "The Resurrection of the Socialist Idea" by Justin Raimondo
It's so gratifying to see this oratory genius look like such a clueless and utterly hopeless ass when he talks about economics. The poor guy hasn't the foggiest idea about what the business cycle is or what are its causes. He's simply reading, in all his rhetorical glory, the helpless ramblings of his Keynesian advisors.
Go read Mises or Hayek you totalitarian twit!
CauseAndEffectPost 3 years ago 11
Funny, the Federal Reserve was organized and empowered to "end the boom and bust cycles." Maybe we should think about undoing the damage of centralized planning before adding new ones.
We're so doomed.
buddjas1 3 years ago 10