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Oscar Night Open

511
kirkspencer2/28/2011 8:57:30 am PST

re: #503 RogueOne

I would argue that the 2 times it’s been tried in this country, it failed to get the intended response. If you’re argument is going to be based on the idea that it would have worked if we had spent more then shouldn’t we have at least a hint that it might work in our 2 attempts?

According to Keynes:

In theory it will work. In the real world we get the results we’ve already seen, failure.

What 2 attempts?

Its half-stepped application was working through the 1930s, and the almost entire application via our entry in WWII worked extremely well. Its guidance worked well for almost every recession since, with the exception of the stagflation in the 1970s — and the monetarists were just as wrong in their predictions. Again, the predicted effect of our half-step measure this time was to stop the plunge and go into a stagnant-to-slow increase; as is happening.