patsfan13

Chart with a definition of the different approaches, what is the best way to address our issues with deficits and having a robust economy.




I iew the Libertarian approach as the best by far.

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"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."

Patters

Hoover Keynsian? lol. Shows how disingenuous the makers of that chart were. Hoover, like Coolidge, cut taxes and government. Only after those libertarian policies failed miserably did Hoover react. His solution after the crash was to try raising taxes, but not increase spending. Hoover was a libertarian by and large, and drove us into the great depression. Our biggest libertarian age, the gilded age, was a time of 72 hour work weeks, child labor, horrible work conditions, and only a very small middle class. Libertarianism failed and gave rise to social movements that built the modern middle class.

Titus Pullo

This is your more persuasive argument against Ron Paul.

PatsFanInVa

Wow there are 2 kinds of burden in the world - and neither of them is the "burden" of greater polarization of wealth, or the "burden" of greater poverty, or the "burden" of higher or more persistent unemployment. No, the only possible "burdens" in the world are taxes and gubmit.

OMG! Look what happened! Libertarianism wins!

No wonder you iew it favorably.

This thread

Reduces the burden of irrelevant charts: No
Increases the burden of orwellian doublespeak: Yes
Succeeds in describing complex political responses to economic policy options:

patsfan13

Actually Hoover did increase taxes and spending he was very interventionist.

as documented here:

The Hoover New Deal of 1932 - - Mises Institute


http://mises.org/daily/2902

http://www.cato.org/pubs/policy_repo...cpr31n2-1.html

THe chart was developed by D Mitchell a senior fellow at the Caro institute.

__________________
"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."

Patters

Yes, Hoover increased taxes after the libertarian policies failed, AFTER the crash. His solution did not work. The wrinkle Keynsian economic brought to the crisis was to increase spending. The emphasis was not on increasing taxes (though taxes were increased). The things that "Hoover" was trumpeting, as the article puts it, were not being made into law, and their was a general belief during the Coolidge era was that all people needed to do was invest in the market because the market would never stop rising (the same sort of view that happened in the 1990s, though to a lesser degree). Libertarianism fed unregulated greed that collapsed the economy. And life sucked economically during the 1920s for most Americans. Remember the American middle class is largely a phenomenon of policies enacted during Roosevelt and followed up on after WWII.

wistahpatsfan

So...
A Libertarian, a Supply-Sider, a Keynesian walk into a bar...and it was empty! Get it?

Yeah, they also left out crushing population growth (connected to poverty and unemployment, of course) and climate instability.

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patsfan13

Actually in indistrialized economics we are facising a crusing population crash. See the birth rates for Europe, China, Japan, Russia.

__________________
"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."

wistahpatsfan

OK. But what about the rest of humanity and the planet? Myopic perspectives rarely serve us well in the long run. Do we just ignore the fact that the world's population- despite your specific focus on those northern economies- will double by 2054? Do you expect the rest of your brothers and sisters to sit pat and starve to death? Maybe a wall at the equator is needed.

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PatsFanInVa

liberal, conservative, and an independent walk into a bar. Bartender sez "Hey Mitt!" unfortunately nobody's left b/c it's the one the libertarian, supply-sider, and keynesian were just in...

tru dat