I secretly want the economy to crash.

[Theben]

Originally posted by Provost Harrison
Yeah, but they're stupid like that

Still bitter from losing your empire?

[MRT144]

i can see wanting a recession to root out inefficiencies and force companies to ammend their business model. hoping for another great depression is just childish.

[Cort Haus]

Originally posted by Theben
Still bitter from losing your empire?

Not PH. He's not an empire sort of chap.

[Arrian]

$2,500.00 per month for rent

That's almost my mortgage payment. Wowza.

-Arrian

[siron]

Re: I secretly want the economy to crash.

Originally posted by Ecthy
What does this make me? A terrorist?

An average East German.

[VetLegion]

Originally posted by Barnabas



The approach of Bush for avoiding a recession is absolutely Keynesian, he will spit 145 thousand million dollars so that yankee carpenters and plumbers can keep spending above their means.

I actually agree with Bush and I would do the same.

What bothers me is that first world countries do that and no one minds, but when third world countries face an economic crisis and the state tries to give the economy a stimulus, they get called populists (to say the least offensive thing) by the economic magazines, the imf etc etc


I think third world countries should stop following the advices given by the first world, and should start following the examples given by the first world.
No rich country tries to get out from a recession by increasing taxes, firing state employees, less spending and all the things required in structural adjustments.


Thanks God daddy state is always there to save capitalism from its periodical crises

I don't know if you're missing the differences on purpose or you just spend too much time in Latin America perusing leftist newspapers

1. Third world countries don't use spending as an anti-cyclical policy, they just spend spend spend while they can. How do you suggest they spend countercyclically when they manage to get into debt crises even without that?

2. The difference between USA and Argentina is that USA can still pay its debts. Since it is so, nobody can dictate it terms for new borrowing.

The problem with the third world is not hypocrisy of the economic magazines, IMF etc. The problem with the third world is lack of social capital. Something that, unlike money, can't be imported.