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Old 11-03-2009, 12:53 PM   #22
Melidan
The love child of Ayn Rand and Barry Goldwater
 
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Join Date: Feb 2008
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Default Re: A Malthusian Catastrophe, Black Swan Event in the Forth Turning during a Kondratiev Winter skipping down the Road to Serfdom

Quote:
Originally Posted by tom the pit leader View Post
my econ TEACHER tried to tell us that because GDP is up, and inflation is 0, and the jobless rate is stablizing at 9.9%, that we have achived our macroeconmic goals.

I was not able to tell him that he was full of shit.
Tell him Keynesianism is bullshit.. Austrian Economics ftw!
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