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Give me one example.

The Recession of 1982 was not solved by government spending. First of all, it was caused by Volker's tightening the money supply to squeeze hyper inflation out of the economy. The top marginal tax rate was cut from 78% to 28% and that encouraged investment rather than tax avoidance. Tax cuts...

If Reagan had gotten his way, spending on entitlements would have been smaller. He didn't get his way.

Sorry about double posting. I always find it sort of funny when people say "markets are wrong". Market participants take into consideration information available at the time they are making decisions. When the information changes, market participants change their decisions. This doesn't...

Wasn't this totally predictable?

Oh, and as for corporate tax rates in Europe being higher than the U.S..... The average corporate tax rate in the EU is 26% - compared to 39% in the U.S. But you just keep thinking that taxing prosperity is going to get you more of it!

The top marginal tax rate stood at over 90% after WWII, until Kennedy reduced it. The average tax rate <i>actually</i> paid by the top 20% of earners? 23%. In fact, the average tax rate paid by everyone was 23%. And <i>That</i> is why you did alright. As a matter of fact the rich and the...

Data? On what do you base this assertion? And if that data includes FICA, don't bother. For workers making less than about 113K (can't remember the exact number), they get back slightly more from social security than they put in. For workers who pay more, they collect significantly less...

Of course the market loves Obama's stimulus. It represents a transfer of wealth from taxpayers to shareholders. Thing about wealth transfers (as every socialist country has learned) is that more will not be created to transfer in the future. Also, how is doing the same thing Bush was doing...

Those are all maintained by the government. And they're crumbling. See where I'm going here? As for the levies in New Orleans...apparently they got the earmarked money and the city of New Orleans decided not to use it for the levies but to build a greenway instead. Consequences for...

Great idea. Why are you under the impression that if somebody doesn't want to bail out people who make shitty cars that nobody wants they are willing to bailout banks? Speaking for myself, the "systemic risk" is overblown BS designed solely to give politicians more power and incompetent...

"loses". Pet peeve.

The UAW looses all of its members. The UAW henchmen have a problem with that.

Great. Now, if only we can stop government from implementing the Depression era economic central plans which deepened and lengthened the GD we won't actually have a long and deep depression (which is what the short and quick, non-government helped recessions were called before Hoover and FDR...

EXACTLY! The UAW doesn't <i>need</i> the auto companies because it's so huge and has bribed so many politicians that it can force congress to rob taxpayers to pay its members. Gotta love unions.

Actually, depressions happened every decade or so. Why? How large is your sample size for the Keynsian model and show me ONE incident where the outcome of central planning was better than the outcome of the market righting itself. Remember to include Japan France The Great Depression...

Krugman is no longer an economist. He's now a political hack. His academic work is very different from his public blathering, incidentally. However, Marxist economists won the Nobel Prize before. They would only award Hayek a prize if he shared it with a Marxist economist and they only...

Oh, he'll work for a $1? Sure, that'll solve everything. Too bad the unions still expect taxpayers to pay them $79/hour (or whatever outrageous wage they're making) for either producing a crappy product or sitting around twiddling their thumbs all day since they can't be fired. There's only...

1.) Moneterists - A re-inflation of an asset bubble will only happen if the deflation is a result of an asset bubble in the first place. That was not the case during the 20's. The stock market got a bit overvalued, but the crash did not cause the deflation. Around the time of the crash the...