Keynesian econonics is the popular brand of economics in this country because it's so obviously right, isn't it? "I want to believe."
It is. It's still the predominant economic paradigm. It's the supply-side wack-jobs like David Stockman who set it back a generation by getting lying, or perhaps just gullible, elected officials to spread his lies. Now it's not enough for Stockman (and Bonner and Stansberry) to spread their lies, they have become about actively attempting to destroy the U.S. economy by selling their thoroughly disproven theories as truth.
Check the income inequality charts - income inequality, the enriching of the top 1%, took off in the 1980's and has continued to the point we have the same inequality as 1929. That spells depression. 99% have less to spend, that spells a dismal economy. It's pretty much just common sense. The top 1% spends billions on ads telling us more money/power for them is good for us [the 99%]. Does that make sense to you, given the last 35 years? Of course, if you're all in on bullion, the worse the economy, the better, right?
"You'll see green alligators, and long-necked beasts, some humpy back camels and some chimpanzees; some rats and bats and el-ee-phants, but sure as you're born, you're never going to see no u-ni-corns." Actually, the unicorns went extinct when they suddenly all became Austrian School believers and, well... they tore their lower GI tracts all up when inserting their cabezas you know where.
At LEAST three straight nights of Flying Monkey nightmares the first time I saw "Oz" as a kid. I still can't look at pictures of Dr. Oz, or Frank Oz. I even have Miss Piggy issues, and I'm not even Semitic.
You would have puked in your dreams if you suspected (as some have) the Wizard of Oz movie was a metaphor for the Free Silver movement.
I've often read that, but also read that it was a coincidence that was made up after the fact - like the 1963 Dallas Region 11 "Kennedy Assassination" FRN's. I haven't studied it well enough to have an opinion one way or the other. Plausible though. The "Emerald/Ruby" v. "Gold/Silver" equivalence troubles me. Too cute. You realize the Free Silver camp was the pro-inflation one, right?
"I don't often smack around Austrian Schoolers, but when I do, I like to do it on CoinTalk. Stay uneducated, my friends."
Thank you. Also I read through this thread 12 more times and I have two things to say. Now that I've thought about it, you've thought about it too much. And I'm gonna be honest I have know idea what's going on, but it sounds like you might be having fun or something so carry on.
Call it the old high school debate team captain syndrome. Class of '73. And committed student of Keynesian economics. Class of '77. The goldbugs and silver stackers are also Class of '77, 1877. Don't fret. I make relentless fun of the members I serve behind their backs, too.