This article from Slate does a very decent job at explaining how bad the economic situation is and will most likely remain so for the foreseeable future. Then near the end, the classic Keynesian slip, “That is not to say that there is nothing to be done, of course, or that the current state of affairs is inevitable. More stimulus or more aggressive monetary policy could help the economy, boosting employment and keeping the self-sustaining recovery going. But such measures are unlikely, given Congress’ concern with the debt ceiling and cutting spending [Emphasis mine].” Print more money? Great idea–bring on hyper-inflation!
Sean Dempsey
Sean Dempsey moved to New Hampshire as one of the first 100 ‘Free Staters.’ He supports unabashedly shouting the liberty message from the rooftops. No pale pastels; Sean believes Libertarians need vibrant and bold messaging and that the freedom message is not something by which to be embarrassed.
http://loudcanvas.com
Related Articles
“America’s Egypt Problem” by Jack Hunter
Posted on Author Lysander
http://www.youtube.com/watch?v=-Qm8eFTgddY&feature=feedu
Progressive Glenn Greenwald Continues to Make Sense
Posted on Author Lysander
Ignore progressives on economic matters and they can make a whole lot of sense, with Glenn Greenwald clearly being the best that I have found. In a recent commentary of his, “The Patriot Act and Bipartisanship,” he continues to remain consistent in his defense of civil liberties and non-partisan outing of hypocrisy while recognizing his […]
Drowning in Debt: Neither Party Recognizes the Danger
Posted on Author Sean Dempsey
“Under democracy one party always devotes its chief energies to trying to prove that the other party is unfit to rule — and both commonly succeed, and are right.” ~H.L. Mencken