A stimulus proposal to fight recession
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Uploaded by TheRealNews on Feb 11, 2008
More at http://therealnews.com/c.php?c=080201YT
Dean Baker: We need to put money into the hands of people who will spend it quickly
Thursday February 7th, 2008
- 23 likes, 2 dislikes
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We don't want anyone to pay for it!? OMG! This guy is insane, we will not be able to run deficits forever!
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..and you jim dot com thing is just a pr site, he says nothing that has any meaning outside of cheerleading for a system that creates massive gaps between the rich and the poor. Why has Americas wealth nearly doubled since 1980 and yet the middle class makes no more on average than it did back then? And debt is much greater for working folks as well?!?!?!? you folks have no argument when it comes to these things. Stop!
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ck out the ha-joon chang lecture on youtube, the 1 hr long one...its good. I'd be interested in your take on what he says...
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I don't have time to go through it all, but I can try to appeal to your sense of logic: Free trade between nations is the same economic principal as "free trade" within your area, your town, your city, your state, the entire US, the world. Logically, factually and empirically I doesn't "end" at some drawn up border. Read a great Hazlitt-chapter for about tariffs at: jim . com / econ / chap11p1 . html (remove spaces)
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My comment was made with the slight hope that you would see how ridiculous your statements were. It obviously failed. In the very simple, logical and classical book "Economics in one lesson", author Henry Hazlitt points out what fallacy many people, including you, make: You see the short term effect on a single individual, company or industry and fail to se the long-term effect on the whole economy.
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No, i won't agree to disagree. I am going to fight you people until things change.
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OK. You think marketing and free trade is unproductive -- I don't. Agree to disagree.
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Shows about fancy looking people running around on an island eating bugs does nothing good for the economy but make people fat and stupid. You're arguments a based on nothing but marketing and pr from fancy groups like the Heritage Foundation and Freedomworks. Marketing as it now is suppresses and creativity and merely spends the money that is saved from offshoring jobs. You have a lot of powerful people on your side, but very, very little truth.
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Besides, about 80 % of marketing costs is for purchasing media space, which means much of it funds movies, newspapers, sports, TV-shows, radio shows.
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Your figure is incorrect, and your logic is nonsense. The "broken window" theory of economics, the notion that if you break a window, it creates a job in the glass manufacturing/repair industry, has been well and truly discredited. Such sucks money from the PRODUCTIVE economy. That money is better spent on other, more productive enterprises. The government is 'broken windows', to the extreme. Once you trim down government, that money stays the economy and actually does PRODUCTIVE things.
lastnymleft 4 years ago 5
And what about the dollar? Nary a mention! THAT"S the real economic question! The Fed is printing money hand over fist, destroying the dollar, and spiking inflation. REAL inflation is running at about 10%, not the 2-3% the government tells us. REAL NEWS, how about examining why they are lying about the inflation rate? This guy, Dean Baker, is not a mad scientist, he's a mad socialist! A shill for the NWO. Talk to someone that knows the UNDERLYING cause, and will tell you the TRUTH - Dr Ron Paul.
lastnymleft 4 years ago 4