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Originally Posted by Snake Doctor
Perhaps, but for now it's the theory backed by most of the world's leading economists.
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There are a lot from the Austrian school, but Keynesian economics is the standard... for now.
Quote:
Originally Posted by Snake Doctor
The problem I have with the way people interpret Keynes is that they think deficits don't matter, ever.
I think deficit spending should be reserved for extraordinary economic situations like this one, and of course for war, when your survival as a nation is at stake.
Otherwise, I think budgets should be balanced and debts should be paid off. Running a deficit during times of peace and prosperity is ridiculous IMO.
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I agree completely, but Obama, Bush, Cheney, and I would guess most members of the Senate and House do not agree unfortunately
