The Mudcat Café TM
Thread #148840   Message #3460949
Posted By: Bobert
03-Jan-13 - 02:34 PM
Thread Name: BS: Fiscal Cliff
Subject: RE: BS: Fiscal Cliff
I agree, dick...

In a fragile recovery 99% of economists will tell ya' to spend... I mean, this is what is taught in college economics courses across the country...

The 1% flat-earth economists who go their degrees from MOU (Mail Order University) say, "Pull back the reins"...

In 1937 the MOU and the Republicans badgered FDR into pulling back on the reins... If you look at GNP graphs from that decade you will plainly see that pulling back on the reins set the economic recover6y back a couple years...

BTW, this is called "Keynesian Economics" after the economist John Maynard Keynes who the flat-earthers, of course, hate...

B~