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I agree with what Achilles has said. Ultimately, you can only grow if you have increased technology & productivity. A retailer economy has about the same productivity no matter what. The argument that by buying chinese you reduce costs for everything and thus have more to invest ONLY makes sense...

Let's pretend that Rick Santelli knows what he's talking about. Since he's on TV, he earned his way to the top right? He's not stupid, he knows more than he lays on. Now pretend you're Rick Santelli, trying to help or voice the dissatisfaction of millions of americans. Now take a look at...

Why would she say those things publicly?

He does bring an interesting subpoint that so much of our behavior is controlled by this invisible man-made concept of debt. What if..

Aw, you don't agree with him? Tell everyone else who is reading what is wrong in those statements. Do you consider ignorant hicks with 2 american flags the biggest patriots? What do they even know of the constitution?

I don't really trust Time in any way, how was it done? Did they have 30 people you could vote for? Greenspan should be much higher, as should secretary of treasuries.

You can't say they don't work, it's not like they will produce growth but if money is being spent on basic things like stimulus checks or prolonging unemployment benefits, the effects are concrete. No they're not. Look how brazen the bankers are to demand trillions to save their jobs. Look how...

There is a difference between oil upstarts that have to build everything at a high cost, that might have to develop less attractive land and Suncor or Syncrude that have been around for so long they will have lower cost structures. I don't know anyone working for those personally, but I believe...

True and the ball was really dropped with the deregulation of finance about 10 years ago. Not only banks too big to fail, but also billions lost in scams and fraud, the overall economy has been weakened considerably. But that is done and over, if we don't spend the stimulus, the economy...

I don't see the point of this, it's not like they will run on solar power tomorrow. This should also put pressure on the stupid PM we have in Stephen Harper. The stimulus bill is not all that bad. Yes, it's temporary and won't solve anything, but it will easy off any GDP decline long enough...

Wow good article. If what it says is true, then my whole conception of what I thought of economics will change. The counter argument though is that what worked in the 1980s, increased leverage, cannot work anymore. At some point, interest payments will become too great. We simply need to...

If you ever want to put a face on who these mysterious elites are, look no further than Koch industries. They are it. Multi generational, insanely rich, secretive, politically involved, think tank owning slimeballs.

This is such an empty threat, I'm sure there are many people willing to take their jobs. Smarter too, a lot of these guys are just politicians.

The high quality folk in the politics & religion section had nothing to add to your topic huh :p

Good stuff of course. Interesting the ex chief economist of the IMF is on this side of the fence, I mean why? Why change when you're so far, or why waste so much time at the IMF. His solutions seem really simple too. Yes, this has nothing to do with saving the banking system. They can easily...

Sure, it's actually a pretty famous or interesting fact to learn that no matter where on the economic spectrum, people can have the same basic selfish destructive needs. This is not unique to the rich, and a lot of people at the bottom secretly wish they were those rich folk. The internet mania...

Wow, their imports really dropped. So much for "no protectionism". I bet there was plenty of that in China. 17% drop in exports, that is scary. By comparison, Japan had a 10% drop in overall production before reporting these GDP numbers. Yeah, it certainly looks bad for China.

I was just thinking about it, it's hard to say how much China will fall. One thing that Japan had going against them was the strength of the yen. That killed their exports. So their exports and domestic economy were both crushed. China? Probably has a weaker domestic economy, but how is...

lol. I linked to a story about Japan about a week ago, I think their extremely weak consumer economy is at fault for this. Poor people don't spend, poor people with no job security spend even less. If you're going to have 30% of your population on extremely insecure and low paying jobs with...

Haha, they are rogue traders because you can't catch them. Next they'll try to pass a law preventing money-greedy individuals from becoming investment bankers.