Thread: White people...
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  #66  
Old 05-12-2016, 07:08 PM
Raev Raev is offline
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Join Date: Sep 2014
Posts: 2,290
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Quote:
Originally Posted by Lune
Modern conservative ideology is largely based on a set of simplistic, widely-discredited economic principles, such as Austrian economics.
Please no more silly appeals to authority. Austrian economics has quite correctly predicted that all of this central bank stimulus would fail. Keynesian economics is what is discredited IMO.

Quote:
Originally Posted by Lune
Raev says the things that made America great were limited government and individual liberty, and yet the golden age of our civilization occurred in the middle of the last century when even conservatives recognized the need for a safety net, expansive regulations, and government intervention in general
If it was the golden age, that implies things got worse immediately after, which doesn't really say good things about their policies, does it? The free market and individual liberty part was what powered America to the top of the world through the early 1900s. Then the banks got the Federal Reserve going, and government expanded hugely while Roosevelt was busy turning an ordinary recession into a Great Depression then World War II, and things went down from there.