 |
|
|
|
Friday, November 11, 2011 - 01:15 am  Here's the explanation.
| |
| Friday, November 11, 2011 - 03:34 am In Strawman We Trust.
| |
| Friday, November 11, 2011 - 11:34 pm Hi Laguna. Do you believe in austerity in these times? 'In order to generate the additional revenue necessary to sustain these spending allocations, an additional [ZERO] percent surtax will be levied against [ENTERPRISING CAPITALIST HEROES] receiving annual gross adjusted income in excess of $1,000,000 [WHICH HONESTLY ISN’T ALL THAT MUCH].' Hey. you cant bite the hand that feeds you. I know.........Its all F@~KED UP.
| |
| Saturday, November 12, 2011 - 01:26 am The hand that feeds me is the farmers; the house, the builders etc., not the ones that make the profit or own the means of production. If everyone overnight worked-to-rule and exchanged labour for our needs, we could feed ourselves. Sustainability is the way forwards and it is the only way to feed everyone in times of boom and decline.
| |
| Saturday, November 12, 2011 - 04:40 pm Believe is the right word. I do not believe in the "expansionary austerity" nonsense. No self-respecting economist does. Contractionary policy can only be contractionary when there are already unemployed resources in the economy - unemployment and "low" interest rates. It only mates well when the economy is already near potential output or when economic partners are growing and there's a devaluation of its currency. Now that is obvious for everyone to see, so they now justify austerity as some moral punishment. That is even more nonsense. I'm still waiting for a competent ECB.
|
