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<p>[QUOTE="V. Kurt Bellman, post: 1983725, member: 71723"]You need to get a bloody clue, Doug. ONLY Keynesianism is worth a darn among economic paradigms. Not just 30 years ago, but now, and into the imaginable future. As it becomes "fashionable", among some, the neo-econo-cons, to turn from Keynesian prescriptions, all we do is accelerate our swirly down the porcelain fixture.</p><p><br /></p><p>Yes, collective sovereign debt does have an unsustainable tipping point. On that the neo-econo-cons are correct. But the fact is that we are nowhere near it if we just recommit to re-progressivizing our tax code and commit to economic growth (yes, smoke-belching domestic industrial growth) to the exclusion of all countervailing concerns. Of course, if there is not enough collective will to do that, and protecting the wealth of the present-day incumbent wealthy is all we care about (which we all know is all that Reaganomics ever really was) then, yah, inflation is about all we've got. Their choice.[/QUOTE]</p><p><br /></p>
[QUOTE="V. Kurt Bellman, post: 1983725, member: 71723"]You need to get a bloody clue, Doug. ONLY Keynesianism is worth a darn among economic paradigms. Not just 30 years ago, but now, and into the imaginable future. As it becomes "fashionable", among some, the neo-econo-cons, to turn from Keynesian prescriptions, all we do is accelerate our swirly down the porcelain fixture. Yes, collective sovereign debt does have an unsustainable tipping point. On that the neo-econo-cons are correct. But the fact is that we are nowhere near it if we just recommit to re-progressivizing our tax code and commit to economic growth (yes, smoke-belching domestic industrial growth) to the exclusion of all countervailing concerns. Of course, if there is not enough collective will to do that, and protecting the wealth of the present-day incumbent wealthy is all we care about (which we all know is all that Reaganomics ever really was) then, yah, inflation is about all we've got. Their choice.[/QUOTE]
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