YOU OUGHT TO BE ABLE TO LEARN SOMETHING JASON. ITS NOT AS IF WE HAVEN’T GONE OVER THIS MANY TIMES. THERE IS NO GETTING AROUND THE NEED FOR AN INDUSTRY POLICY TO DEAL WITH THE DEFICIT IN PROPERTY RIGHTS.
WHAT IS YOUR SOLUTION? PUT UP WITH THE DEFICIT IN PROPERTY RIGHTS IN THE HOPE THAT YOUR IGNORANCE OF ECONOMICS WILL SEE YOU THROUGH?
THIRD PARTIES MUST NOTE THAT JASONS LEFTIST-REVERSAL HERE IS NOT JUST A CASUAL THING. IT AMOUNTS TO AN OBSESSIVE HATRED FOR PROPERTY RIGHTS AMONGST HIS THIEF-ECONOMICS NEOCLASSICAL COTERIE.
Good to see someone at Catallaxy has finally shown that spending cuts is the way to deal with a recession. Perhaps Sinclairs writing gig will force him back to serious study in his field. His intellectual capital was beginning to look pretty worn. Perhaps whittled away a bit from his time as an administrator.
This point ought to have been driven home again and again and again. Monetary policy may depend on circumstance. But always a recession needs spending cuts.
And its not just about quickly restoring private industry dynamism. Its about avoiding the runaway suicide that the US is now in.
Hummm… I see you are still around arguing with those who won’t accept reality. Where have you been Graeme? I hoped you weren’t in the area of the wild fires. All Australia has my condolences on that tragedy. God bless all who have been affected.
As for economics… trickle up poverty is not my idea of an answer. If one works and earns their way to having cash and property, they should be allowed to keep what they earn. If you are hopelessly in debt, you need to tighten up the belts and stop spending so much. It’s just common sense.