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cthulu2016

(10,960 posts)
Thu Apr 26, 2012, 11:39 AM Apr 2012

Darwin and Keynes

Two men with basic ideas that various types of conservatives and primitives and magical thinkers simply knew must be wrong and thus shall always be wrong.

Meanwhile, the evidence supporting these basic ideas just keeps rolling in, piling higher and higher. And it just doesn't matter! "I do not share a common ancestor with a cat and government borrowing cannot stimulate private hiring... it's common sense."

Here is some common sense in action. Britain suffered a huge demand collapse and responded with austerity... smaller government.



Awesome!

Meanwhile, here in the US governments have sought to address surging unemployment by... wait for it... firing people! That will certainly reduce unemployment because smaller government equals teh awesome. It's common sense!


(The spike was temporary census hiring)

Paul Krugman says, "If public employment had grown the way it did under Bush, we’d have 1.3 million more government workers, and probably an unemployment rate of 7 percent or less."

We human beings around the globe have been working around the clock to turn a bad recession into an intractable depression because the tool set we know works, that all experience and evidence confirms, simply cannot be right because it disagrees with the hunches and prejudices of people who prefer ideology to empiricism.

Two relevant Krugman blog entries:
http://krugman.blogs.nytimes.com/2012/04/25/american-austerity/
http://krugman.blogs.nytimes.com/2012/04/25/camerons-remarkable-achievement/

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Darwin and Keynes (Original Post) cthulu2016 Apr 2012 OP
European austerity and GDP cthulu2016 Apr 2012 #1
... cthulu2016 Apr 2012 #2
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