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6/15/2011

should the debt ceiling be raised, or should government spending be cut?

Clint

6/15/2011 02:59:47 am

Fed Chairman Bernanke warned that the debt ceiling must be raised to avoid late payments on bond interest and principle. In my opionion, government spending can't be reduced at this time because GDP growth is vulnerable and slow. We must maintain strong aggregate demand and a stabile US T-Bond.

Mike

6/18/2011 01:44:23 am

MIKE

6/18/2011 01:49:03 am

WE SHOULD BE DISOLVING THE FED. WE SHOULD BE CUTTING SPENDING IN THE 100'S OF BILLIONS AND SHOULD ABSOLUTLY NOT RAISE THE DEBT CEILING. WE NEED TO LET THE FREE MARKET WORK IN THE WAY IT WAS INTENDED TO WORK NOT BASED ON FED MANIPULATION AND DEVALUING OF OUR CURRENCY.

Clint

6/18/2011 08:04:13 am

Thanks for the comment Mike. Are there any other economic topics you would like to discuss at this time?

MIKE

6/24/2011 01:34:27 am

CLINT, IF WE KEEP PRINTING MONEY THE WAY WE ARE WE WON'T BE WORRYING ABOUT T-BONDS, BUT ABOUT INFLATION THAT WE HAVEN'T SEEN SINCE THE WEIMAR REPUBLIC IN GERMANY JUST BEFORE WWII. WE NEED TO RETURN TO AN AUSTRAIN STYLE ECONOMIC MODEL WHICH HAS ALWAYS DISPLAYED SOUND ECONOMIC PRINCIPLES. IF WE CONTINUE TO SPEND MONEY WE DON'T HAVE GDP WILL TANK ANYWAY.

Clint

6/24/2011 09:13:14 am

What was the Austrian economic model like?

MIKE

6/24/2011 10:06:29 am

THE AUSTRIAN ECONOMIC MODEL WAS DESINGED BACK IN THE LATE 19TH AND EARLY 20TH CENTURY. I'M SURE YOU HEARD OF THE ECONOMIST LUDWIF VON MISES. EVEN LATER AND THE MORE RECENT MILTON FRIEDMAN. IT'S A PURE FREE MARKET APPROACH TO ECONOMIES AS OPPOSED TO A CENTRAL PLANNED ECONOMY IE: CENTRAL BANK. WE NEED TO GET BACK TO THE FREE MARKET AND LET GOOD OLE' SUPPLY AND DEMAND PREDICT THE MARKET TRENDS NOT A MANIPULATED CENTRAL BACK PUSHING A DEFLATION AND INFLATION BUTTON AT WILL. IF YOU GOOGLE AUSTRIAN SCHOOL OF ECONOMICS YOU'LL SEE THE MODEL THEY USE. I REALLY THINK IF THE GOVERNMENT WOULD GET OUT OF EVERY LITTLE FACIT OF OUR LIFE AND MAKE THE GOVERNMENT RUN LIKE YOU AND I RUN OUR OWN BANK ACCOUNTS THINGS WOULD BE A LOT MORE SOUND. GOOD DIALOGUE CLINT. P.S. WITH A MA IN ECONOMICS I'M SURE YOU ALREADY KNOW THE AUSTRIAN ECONOMIC MODEL, BUT I'M HAPPY TO GIVE YOU A REFRESHER.

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10/25/2022 04:34:36 pm

Great read thaankyou

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