Jonathan Barth - Aug 25 video blog
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You need a surplus to ride out a recession well.
Government's only surplus is the forced labor of productive people. Real good time to push more of an incredibly expensive, liberty destroying takeover of health care.
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Nice blog Jon. My only contention would be that as far as national debtt; you can't expect ANY president to reduce our national debt DURING a recession as bad as the one we are still in. Just not gonna happen. Especially a Keynesian but Classical likewise.
Bernake and Geithner, I couldn't agree with you more. Experience is one thing, as is bipartisan representation, but these two were in power when the financial services industry tanked and "The Great Recession" began. .
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Nice video.
Enlightened1
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Hey man, glad you watched. Yea we can definitely agree on Bernanke, Geithner, and Paulson... these guys were absolutely clueless.
On the subject of Keynes: well, I used to subscribe to it, but over the last year I've become disillusioned by it. Look at the Great Depression - Keynesianism was used and it took us over a decade to get out. Keynesianism also rests on the assumption that there will always be borrowers to lend us money. How do we know that China will continue to lend us money?
jebarth3 2 years ago