08-11-2019, 11:20 AM
(05-14-2019, 08:22 PM)Hintergrund Wrote: The yuge crash is still coming. It's been postponed, but will come with interest.
Economic inequality is as severe as it was going into 1929 and 2008. If you thought Hoover a poor match for an economic meltdown, then wait till you see Trump. If Hoover did not know what Keynes had to offer, Trump fully repudiates Keynes.
America needed to learn a hard lesson about the unreliability of Supply-Side economics. Privatize, monopolize, and reward the gougers with tax cuts and regulatory relief!
All eras are times in which people find out the hard way the lessons that people learned the hard way about eighty years earlier. We did not make a more just and equitable society except on LGBT rights. Monopolies and cartels still dominate the American economy.
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.