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  • Posted by 6 years, 11 months ago
    September 7th is the 10th anniversary of the Fannie Freddie fail. Will trumpets blare on CNN with the headlines that Osama is dead, and Fannie Mae lives?
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  • Posted by CTYankee 6 years, 11 months ago
    Er, um, don't you mean; "Keynesian" = "Screwed-up"? I've always considered those terms to be synonymous.
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  • Posted by Herb7734 6 years, 11 months ago
    Anyone who tries to run anything, not to mention a nation, based on Keynesian economics is bound to fail from the outset. Its like the practice of letting blood in order to cure a disease. It does the opposite.
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  • Posted by $ blarman 6 years, 11 months ago
    Human arrogance at its finest and yet another example of why central planning will always fail.
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  • Posted by term2 6 years, 11 months ago
    In addition, this whole unbalanced trade thing is due to abandoning the gold standard. So now, we put up with ridiculous tariffs that wont work to cover over the fact we have printed money to pay for Chinese goods. We print, they hold on it it, and therefore inflation of the us dollar is delayed. The chickens will come home to roost however, and the inflation the government created will come back in force- causing probably some additional actions to cover THAT over.
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  • Posted by mia767ca 6 years, 11 months ago
    1st treasury secretary under Obama..Geitner...wrote book...they came within 48 hours of shutting down the ATMs and closing the banks in late 2008, before someone made them realize that that would be the end of civilization
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  • Posted by $ jbrenner 6 years, 11 months ago in reply to this comment.
    The real reason why we haven't heard Keynes mentioned in a while is that the left has to continue to fake reality.
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  • Posted by freedomforall 6 years, 11 months ago in reply to this comment.
    Because the left has to concentrate on fake news about Trump instead. Can't confuse the masses with reason or history.
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  • Posted by 6 years, 11 months ago
    It's very clear Keynes' influence is alive and well, even if we don't hear his name as much. Krugman is still spewing at the NYT, almost every economist in the country analyzes Fed policy and fiscal policy initiatives, and GDP.
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  • Posted by $ jbrenner 6 years, 11 months ago
    I haven't heard Keynes mentioned in a while. Gee, I wonder why.
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  • Posted by 6 years, 12 months ago
    Yes, and it seems there have been 57 economic "events" since the Fed was created that can be attributed to the softening of US currency.
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  • Posted by freedomforall 6 years, 12 months ago
    This was predicted by everyone who opposed the Federal Reserve act in 1912-1913.
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