Krugman heralds start of next depression

[gandalf]

Excellent points, jimmyle.

[briansd1]

[quote=gandalf]
So I don’t agree with Krugman, but I don’t know what the right approach is either, probably just a middle ground, enough stimulus to prop things up, don’t let it collapse, give things enough of a push to keep unwinding.[/quote]

And I agree with you, Gandalf and Jimmy.

The guys who are warning of/wanting a collapse don’t have a solution either. A collapse will not solve our society’s ills. It will worsen them and push millions into poverty.

Sure, there were economic mistakes in the past. We should not repeat them but we should solve the problems we are now facing.

Just because Bush and Greenspan overspent, cut taxes and squandered the boom time surpluses, doesn’t mean that future leaders are bound to repeat their mistakes. We do not need a depression to learn the lessons of the past; we are smarter than that.

[briansd1]

[quote=gandalf]
So I don’t agree with Krugman, but I don’t know what the right approach is either, probably just a middle ground, enough stimulus to prop things up, don’t let it collapse, give things enough of a push to keep unwinding.[/quote]

And I agree with you, Gandalf and Jimmy.

The guys who are warning of/wanting a collapse don’t have a solution either. A collapse will not solve our society’s ills. It will worsen them and push millions into poverty.

Sure, there were economic mistakes in the past. We should not repeat them but we should solve the problems we are now facing.

Just because Bush and Greenspan overspent, cut taxes and squandered the boom time surpluses, doesn’t mean that future leaders are bound to repeat their mistakes. We do not need a depression to learn the lessons of the past; we are smarter than that.

[briansd1]

[quote=gandalf]
So I don’t agree with Krugman, but I don’t know what the right approach is either, probably just a middle ground, enough stimulus to prop things up, don’t let it collapse, give things enough of a push to keep unwinding.[/quote]

And I agree with you, Gandalf and Jimmy.

The guys who are warning of/wanting a collapse don’t have a solution either. A collapse will not solve our society’s ills. It will worsen them and push millions into poverty.

Sure, there were economic mistakes in the past. We should not repeat them but we should solve the problems we are now facing.

Just because Bush and Greenspan overspent, cut taxes and squandered the boom time surpluses, doesn’t mean that future leaders are bound to repeat their mistakes. We do not need a depression to learn the lessons of the past; we are smarter than that.

[briansd1]

[quote=gandalf]
So I don’t agree with Krugman, but I don’t know what the right approach is either, probably just a middle ground, enough stimulus to prop things up, don’t let it collapse, give things enough of a push to keep unwinding.[/quote]

And I agree with you, Gandalf and Jimmy.

The guys who are warning of/wanting a collapse don’t have a solution either. A collapse will not solve our society’s ills. It will worsen them and push millions into poverty.

Sure, there were economic mistakes in the past. We should not repeat them but we should solve the problems we are now facing.

Just because Bush and Greenspan overspent, cut taxes and squandered the boom time surpluses, doesn’t mean that future leaders are bound to repeat their mistakes. We do not need a depression to learn the lessons of the past; we are smarter than that.

[briansd1]

[quote=gandalf]
So I don’t agree with Krugman, but I don’t know what the right approach is either, probably just a middle ground, enough stimulus to prop things up, don’t let it collapse, give things enough of a push to keep unwinding.[/quote]

And I agree with you, Gandalf and Jimmy.

The guys who are warning of/wanting a collapse don’t have a solution either. A collapse will not solve our society’s ills. It will worsen them and push millions into poverty.

Sure, there were economic mistakes in the past. We should not repeat them but we should solve the problems we are now facing.

Just because Bush and Greenspan overspent, cut taxes and squandered the boom time surpluses, doesn’t mean that future leaders are bound to repeat their mistakes. We do not need a depression to learn the lessons of the past; we are smarter than that.

[briansd1]

This is an interesting article on Ireland.

But unlike Ireland, the USA can borrow to cushion the economy with the promise of cutting back during the good times.

In fact, during periods of uncertainty, the US Dollars becomes the safe haven for investors. We can borrow from investors for cheap (rather than printing at the Fed) to finance stimulus spending to get us out of the recession.

Once we are out of recession, we can begin to restore fiscal balance with cuts in spending and tax increases.

Rather than being rewarded for its actions, though, Ireland is being penalized. Its downturn has certainly been sharper than if the government had spent more to keep people working. Lacking stimulus money, the Irish economy shrank 7.1 percent last year and remains in recession.

[briansd1]

This is an interesting article on Ireland.

But unlike Ireland, the USA can borrow to cushion the economy with the promise of cutting back during the good times.

In fact, during periods of uncertainty, the US Dollars becomes the safe haven for investors. We can borrow from investors for cheap (rather than printing at the Fed) to finance stimulus spending to get us out of the recession.

Once we are out of recession, we can begin to restore fiscal balance with cuts in spending and tax increases.

Rather than being rewarded for its actions, though, Ireland is being penalized. Its downturn has certainly been sharper than if the government had spent more to keep people working. Lacking stimulus money, the Irish economy shrank 7.1 percent last year and remains in recession.

[briansd1]

This is an interesting article on Ireland.

But unlike Ireland, the USA can borrow to cushion the economy with the promise of cutting back during the good times.

In fact, during periods of uncertainty, the US Dollars becomes the safe haven for investors. We can borrow from investors for cheap (rather than printing at the Fed) to finance stimulus spending to get us out of the recession.

Once we are out of recession, we can begin to restore fiscal balance with cuts in spending and tax increases.

Rather than being rewarded for its actions, though, Ireland is being penalized. Its downturn has certainly been sharper than if the government had spent more to keep people working. Lacking stimulus money, the Irish economy shrank 7.1 percent last year and remains in recession.

[briansd1]

This is an interesting article on Ireland.

But unlike Ireland, the USA can borrow to cushion the economy with the promise of cutting back during the good times.

In fact, during periods of uncertainty, the US Dollars becomes the safe haven for investors. We can borrow from investors for cheap (rather than printing at the Fed) to finance stimulus spending to get us out of the recession.

Once we are out of recession, we can begin to restore fiscal balance with cuts in spending and tax increases.

Rather than being rewarded for its actions, though, Ireland is being penalized. Its downturn has certainly been sharper than if the government had spent more to keep people working. Lacking stimulus money, the Irish economy shrank 7.1 percent last year and remains in recession.

[briansd1]

This is an interesting article on Ireland.

But unlike Ireland, the USA can borrow to cushion the economy with the promise of cutting back during the good times.

In fact, during periods of uncertainty, the US Dollars becomes the safe haven for investors. We can borrow from investors for cheap (rather than printing at the Fed) to finance stimulus spending to get us out of the recession.

Once we are out of recession, we can begin to restore fiscal balance with cuts in spending and tax increases.

Rather than being rewarded for its actions, though, Ireland is being penalized. Its downturn has certainly been sharper than if the government had spent more to keep people working. Lacking stimulus money, the Irish economy shrank 7.1 percent last year and remains in recession.

[Nor-LA-SD-guy]

[quote=gandalf]Things aren’t going to collapse, but I don’t expect anything to improve anytime soon either. We’re looking at stagnation, slow and sideways, fits and starts. It’s going to take a long time for things to unwind.

Keynesian fiscal / monetary policy can play a role in buffeting business cycles, but the government (both CA and Feds) expanded spending wildly during the good years — and cut taxes to boot. (Fucking retards.)

It’s the exact opposite of what Keynes prescribed. And it’s contributed heartily to an unsustainable debt overhang in the larger economy, which limits our policy options and contributes to currency risk.

Yeah, dollar crisis, massive bank runs, that would definitely precipitate the next big depression. America will be collectively sucking on dirt if that ever happens. Really not a good outcome, pareto failure.

So I don’t agree with Krugman, but I don’t know what the right approach is either, probably just a middle ground, enough stimulus to prop things up, don’t let it collapse, give things enough of a push to keep unwinding.[/quote]

I agree with this for the most part Gandalf, there has to be a middle ground, seems just like politics , economics seems to gather extremist from both sides. (I am getting really tired of extremism that seems so prevalent now days).

Things will not be better if there is a collapse.

[Nor-LA-SD-guy]

[quote=gandalf]Things aren’t going to collapse, but I don’t expect anything to improve anytime soon either. We’re looking at stagnation, slow and sideways, fits and starts. It’s going to take a long time for things to unwind.

Keynesian fiscal / monetary policy can play a role in buffeting business cycles, but the government (both CA and Feds) expanded spending wildly during the good years — and cut taxes to boot. (Fucking retards.)

It’s the exact opposite of what Keynes prescribed. And it’s contributed heartily to an unsustainable debt overhang in the larger economy, which limits our policy options and contributes to currency risk.

Yeah, dollar crisis, massive bank runs, that would definitely precipitate the next big depression. America will be collectively sucking on dirt if that ever happens. Really not a good outcome, pareto failure.

So I don’t agree with Krugman, but I don’t know what the right approach is either, probably just a middle ground, enough stimulus to prop things up, don’t let it collapse, give things enough of a push to keep unwinding.[/quote]

I agree with this for the most part Gandalf, there has to be a middle ground, seems just like politics , economics seems to gather extremist from both sides. (I am getting really tired of extremism that seems so prevalent now days).

Things will not be better if there is a collapse.

[Nor-LA-SD-guy]

[quote=gandalf]Things aren’t going to collapse, but I don’t expect anything to improve anytime soon either. We’re looking at stagnation, slow and sideways, fits and starts. It’s going to take a long time for things to unwind.

Keynesian fiscal / monetary policy can play a role in buffeting business cycles, but the government (both CA and Feds) expanded spending wildly during the good years — and cut taxes to boot. (Fucking retards.)

It’s the exact opposite of what Keynes prescribed. And it’s contributed heartily to an unsustainable debt overhang in the larger economy, which limits our policy options and contributes to currency risk.

Yeah, dollar crisis, massive bank runs, that would definitely precipitate the next big depression. America will be collectively sucking on dirt if that ever happens. Really not a good outcome, pareto failure.

So I don’t agree with Krugman, but I don’t know what the right approach is either, probably just a middle ground, enough stimulus to prop things up, don’t let it collapse, give things enough of a push to keep unwinding.[/quote]

I agree with this for the most part Gandalf, there has to be a middle ground, seems just like politics , economics seems to gather extremist from both sides. (I am getting really tired of extremism that seems so prevalent now days).

Things will not be better if there is a collapse.

[Nor-LA-SD-guy]

[quote=gandalf]Things aren’t going to collapse, but I don’t expect anything to improve anytime soon either. We’re looking at stagnation, slow and sideways, fits and starts. It’s going to take a long time for things to unwind.

Keynesian fiscal / monetary policy can play a role in buffeting business cycles, but the government (both CA and Feds) expanded spending wildly during the good years — and cut taxes to boot. (Fucking retards.)

It’s the exact opposite of what Keynes prescribed. And it’s contributed heartily to an unsustainable debt overhang in the larger economy, which limits our policy options and contributes to currency risk.

Yeah, dollar crisis, massive bank runs, that would definitely precipitate the next big depression. America will be collectively sucking on dirt if that ever happens. Really not a good outcome, pareto failure.

So I don’t agree with Krugman, but I don’t know what the right approach is either, probably just a middle ground, enough stimulus to prop things up, don’t let it collapse, give things enough of a push to keep unwinding.[/quote]

I agree with this for the most part Gandalf, there has to be a middle ground, seems just like politics , economics seems to gather extremist from both sides. (I am getting really tired of extremism that seems so prevalent now days).

Things will not be better if there is a collapse.

[Author]

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