| Welcome to Europeia! So what the heck is Europeia anyways? Can I join? So, I came here representing another region? I do not want to become a citizen. Where should I go? What offices are there for people to be elected into? What is there for me to do in Europeia? That answers most of my immediate questions. What if I have any more? |
| Conservatives Dooming the World? | |
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| Topic Started: Nov 9 2014, 01:10 AM (53 Views) | |
| Rach | Nov 9 2014, 01:10 AM Post #1 |
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At Least 5% Sugar
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![]() Front page of the recent Bloomsberg Businessweek. It has become abundantly clear that austerity does not work. Governments tightening proverbial belts has simply resulted in everyone else tightening their own belts and slow economic growth with low inflation. This has put countries in an awkward cycle where they are unable to balance their budgets because of the lack of economic growth caused in part by austerity. Recently, Bloomberg Businessweek came out fully in support of the economics of John Maynard Keynes. The title of the article itself was “Man of the Moment. Why John Maynard Keynes is just the economist we need to get the world’s economy humming again”. Nobel Prize winner Paul Krugman, a self-avowed Keynesian and a writer for the New York Times also has re-iterated similar lines for the New York Times. Krugman in fact says that North America and Europe have been even worse than Japan in that while Japan has had tepid growth for a while, that Japan spared its workers the pains that North America and Europe have inflicted. Furthermore, Krugman lays the blame in America nearly solely on the feet of Republicans for blocking further stimulus packages and in particular the blocking of a large infrastructure and pothole bill this year. I think there is a lot of truth to this, in particular because it would seem that many of the things that fiscal conservatives in the States have been arguing for do not make sense from a historical perspective. Companies and individuals are not spending or investing at levels needed to grow the economies of North America and Europe to their full extent. Furthermore, there is a pretty intelligent point by Krugman that states that governments are not corporations. While I do not agree with everything Krugman advocates for, there is a certain logic that business people tend to be bad economists. Due to their successes, people tend to think that the lessons for a corporation are the same for a country. When in fact a country would be nothing like a company even from a point of magnitude let alone the multiple other differences. Clearly, in the States especially this has caused great damage as the conservatives repeatedly try to push an agenda that does not work based on this flawed notion. Somehow, conservatives in the States have managed to not only sabotage the economic recovery by opposing most forms of stimulus but also convince people that it is the Democrats fault. This feat is remarkable. Hopefully while in charge the Republicans can be a bit more productive and sensible. Links Why John Maynard Kenes's Theories can Fix the World Economy Triumph of the Wrong |
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♥ Love and Kindness are never wasted ♥ The 2011 President of the Year Queen of Balder Unofficial Navy Girl | |
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| North East Somerset | Nov 9 2014, 01:48 AM Post #2 |
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Wheels within Wheels
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You're completely missing the point. This is all about QE ending, and NY objecting. But QE isn't the long term solution, and it doesn't create real economic growth. It was just a way of stopping total financial collapse. Now the banks are back on their feet, the Govt is pulling the plug on more free lunches for them. They are squealing. Japan and Europe are about to unleash a new era of QE, and US banks/funds want a piece of the action. |
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Curriculum vitae Character references | |
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| Cpt.Carrot | Nov 9 2014, 05:05 PM Post #3 |
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Boogy Woogy Bugle Boy of Company "B"
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Can one trust the theories of a man who managed to commit suicide by Americans? |
Drummer Captain Carrot! ![]() "Though I try to cheer my comrades and be gay."HEM be silly My reputation & other quotes That's right Hodge-podge of stuff
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