By using this site, you agree to our Privacy Policy and our Terms of Use. Close
sperrico87 on 02 January 2013
Edit Thread
mrstickball said:
SpartenOmega117 said:
Metallicube said:
So we're gonna settle the problem of debt with more debt? Sounds logical to me... -_-


I don't think the United States was ever not in debt


There were many, many times the US was in significantly less debt than they are now.

Also, your other statement about Keynesian economics is wrong. We've had many times where government spending contracted and growth was rapid. Look no further than the 1990s: The government tightened up how much it spent over the whole decade, and we had a lot of growth. Comparatively, the 2000s saw rapid growth in government, and we ended on a horrible note in regards to the economy.


Metalli was being sarcastic, and it wasn't a Keynesian statement, it was very much a pro-Austrian economics statement, about how ridiculous it is that so many people think we can solve our debt problem by spending even more money.  It's nutty.