05-20-2016, 12:54 PM
(05-20-2016, 07:08 AM)Odin Wrote: This is the same kind of rationalization Fundamentalists use when their latest prediction of Jesus coming back fails, or orthodox Marxists who think the revolution is right around the corner, for that matter.
There is a limit to everything. I you would bother looking at the economic data you would realize that GDP growth last quarter was abysmal, labor participation rate is down and unemployment applications are up. Then there is the small matter of retail sales increased by %0.5 unadjusted by inflation. These are all things that happen in a recession and its happening in a close to zero percent interest rate out of the Fed.
All of these things tell me that we are simply running out of room to kick the can.
Democracy is the theory that the common people know what they want, and deserve to get it good and hard. -- H.L. Mencken
If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Ludwig von Mises
If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Ludwig von Mises