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Spot The Difference: It's Keynesian Idiocy Groundhog Day, All Over Again
if it doesn't work at first, as this headline from December 2014 shows...
... just hope nobody remembers it a year later, when China took advantage of the abovementioned "room for easing" and cut rates 6 times with absolutely no effect - for the economy that is which overnight reported its worst deflation numbers in years - and plow on with the Keynesian idiocy of doing more of what hasn't worked, praying that this time it will be different, as this identical headline from November 2015 confirms.
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you are missing 6 other years
Quote Yogi Croesus: "It's kick-the-can-down-the-road, all over again".
Easing everyone into poverty
Not the bankers.
The Easing Economy, will go on for 1,000 years.
Yes but it will work and in year 1001 you're going to finally admit that it was totally "worth."
Is this the same promise as the thousand year reich?
Insanity: doing the same thing over and over again and expecting different results
Albert Einstein
This is the most misused quote from Einstein.
He said it to ridicule the idea of the Modern Physics of Quantum Mechanics, a valid and descriptive science.
Einstein was the last of the Classical Physicists.
But he was wrong when he said it. God does play dice with the Universe.
You'd not be posting it here on this page if Quantum Mechanics did not work.
Quantum Mechanics is a theory. It may be better than classical theories (ie. make humans more adept at controlling the world around us) but that doesn't make it right.
" We print, therfore we are '
It was easy for keynesian economic theory to worm its way into naitonal politics, because they are for all intents and purposes, identical. A failed government program is never cancelled, instead its political sponsors claim it was underfunded and keep it going. Sound familiar?
no worries - moar chinese smog! (this time next year)
More lunatic rants from the deranged far-right nut cases.
By the way how's Greece doing? Everything is fixed in Puerto Rico and Illinois is paying out its lottery winners, right? I'm sure that if Europe and Japan and China and Brazil and the US could just QE one more time everything would be fine.
Perhaps if the .01% in the world would just buy that 3 or 4th house this "upstairs downstairs" economy would really kick in.
Perhaps China could build another 20 ghost cities and malls and the 900,000,000 making $10 a day could buy some real estate. Remember if no one has lived there for 5-7 years its still NEW. Don't worry about the upkeep properties take care of themselves.
The crede of the 21th century: THERE'S ALWAYS MORE ROOM FOR EASING!!!
Those headlines belong in 'Websters Dictionary', under the definition of insanity.