On 17/01/2010 7:46 PM, bpuharic wrote:

Ever hear of Japan's "Lost Decade"?
Keynesian Economics practiced to the letter by the government of Japan.
It didn't work.

it's still going on. and it has nothing to do with keynesian
economics. it has to do with the mercantilist policies of japan

Has lots to do with it. Government is up everyoines arse over there.
In any case, Keynesian or not, it is similar to what the US is doing
under Omama. Artificially low interest rates without a balance on
savings. Debtor, debt monger economy. Government bailouts... same deal
with Asian eyes.

Will beget the same results. A prolonged crappy economy with dwinding
wealth. Work harder and get less.

Actually, Japan has never truly recovered. It's economic problems have
persisted
for much longer than a decade. But, our government is now trying exactly
the same thing.

we've had 30 years of free market fundamentalism with the greatest
economic inequality of any country in the western world. social
democracies in europe have per capita GDP's equal to ours, while they
maintain a safety net we only dream of.

But the individuals average net take home is signifigantly less. When I
was overseas in Europe, they got paid less, took home even less. It
isn't "free". Why do you thing people hate Americans? Because you are
rich *******s by comparison. That is how they see you.

and the rich here are richer than anywhere else while the middle class
pays for their mistakes

The average middle class wealth is higher no where else in the world
than it is in the US. Ditto quality of life.

But that is changing.

The answer is jobs. Re-vitalize the US manufacturing sector. Institute
tariffs on anything
imported.

tariffs don't work. they never have.

If people have to pay twice as much for an inferior product, they will
cut back on buying the product. Simple math. If the family only has
$1000 to spend on "stuff" after taxes, utilities and morgage, jumping
the price to $600 from $300 just means they will buy less.

Credit only go so far to cover.

It is also why a falling dollar is dangerious, watch gasoline double, a
major component of workers costs as well as business.

Keynesian Economics is valid in an open, balanced and fair trade market. It
has no application to the
current problems. The academics need to get their noses out of the books
and take a
look around them.

keynesian economics saved the US from a 2nd 30's style depression.
friedman's monetarism caused the collapse

Not sure it has ever worked out, cite one example where people live as
well as Americans and have practiced keynesian.

Oh, you mean Obama really did bet the whole freaking farm on an untested
theory? OMG....