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Reply by lwllms

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Posted on Progress under Nobama

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lwllms

544 posts in 1937 days


#1 posted 07-08-2012 08:53 PM

Progress? I think it all boils down to economics. It’s easy to remove the emotional political baggage from all this. It all basically boils down to two economic schools of thought. Do you support the ideas of John Maynard Keynes or those of Milton Friedman? Personally, I would prefer the Nation follow Keynesian economics, it has a track record of some success. Reagan, most subsequent Republicans and many Democrats prefer Milton Friedman’s theories. Reagan’s attempt to apply Friedman’s theories took us from being the World’s largest creditor nation to being the World’s largest debtor nation in less than eight years. We’ve gone downhill since while trying to apply Friedman’s austerity ideas. I think it’s time to return to Keynesian policies where a proactive government can stimulate the economy because it works.


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