Senin, 29 Agustus 2011

Economists: you should keep spending beyond your means to help the economy

People still don't get it. At least some. The boom that came during much of the 90's and 00's wasn't built on true wealth but rather on debt. It was artificial and any economist worth their salt would tell you not to go back to the mirage. Yet there are those that deluded enough with Keynesian economics to suggest we simply reinflate the bubble all over again:
Economic experts say that while you need to be careful, you should not allow yourself to be spooked by the economic swings.
In other words, spend more, even beyond your means, and save less:
But don't worry.Since consumers have cut back, Obama will force you to spend more anyway. When the government goes into massive deficit spending, they are basically taking your money and mine and pissing it away to artificially prop up the GDP. Of course, we'll be stuck with a huge credit card bill. Just remember this: Flashback: Obama in 2008: Adding $4 Trillion to National Debt ‘Unpatriotic’

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