mame
Well-Known Member
You are the one who harbors misconceptions, sir.left to their own and market forces, they will correct themselves with minimal damage. thats why cutting taxes and getting the fuck out of the way is always the best remedy. get govt out of the way and let consumers figure which services, products etc, that they and their family need and are willing to pay for.
Austerity and tax cuts are not the answer. We are in a liquidity trap, in which the banks aren't lending, businesses aren't investing and consumers are saving rather than spending. This is the exact scenario in which non interventionalist monetary policy is ineffective - therefore the government must spend to spur growth.
My evidence for this is Japan's "lost decade".