|
Good post Chas,
I certainly tend to agree that Keynesian economics seemed to be doing a pretty good job keeping thing moving along. Sure, there were good times and bad. But the current situation started with the massive deregulation in the 80s and in the admittedly brief time we've traveled this road things seem to be considerably less stable. I don't think it's a huge leap to say "maybe we should revisit that". One thing does seem quite clear- the assumption that markets and corporations will "self regulate" in a more open environment seems to have been incorrect. Reagan was just wrong. It didn't work. But the great tax lie is so strong we'll have a very difficult time getting people of a different mind back in office. "We need to be responsible with our money" is the exact line that kept Republicans *out* of power for so long. Now they've abandoned it entirely and instead promise everything under the sun.
Well, maybe Hu Jintao will figure it all out for down the road a bit.
Good Day Comrade!
Ed
__________________
Two days slow. That's what they are.
|