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View Diary: The U.S. has learned nothing from Europe's deadly obsession with austerity (105 comments)

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  •  Its almost like the politicians are ignoring the (3+ / 0-)
    Recommended by:
    JerryNA, Ian Reifowitz, RenMin

    most basic concepts of economics....How do we measure an economy?.....GDP......How do we measure GDP?...
    GDP = (G)ovt spending + (C)onsumer spending + (I)nvestment spending + Net Exports

    In a simple algebraic equation...the burden of proof is on the people who would have us believe that you can decrease one of the integer variables and somehow get a increased result....Thats not how math works.....

    Now, I can understand why the Cons don't trust math, they want nothing more than for the economy to suffer so they can try and regain the senate, but for the love of god Dems, you need to put  a stop to this

    #MMT
    neweconomicperspecttives.org

    "The Earth is my country and Science my religion" Christiaan Huygens

    by Auburn Parks on Mon Apr 08, 2013 at 04:54:32 AM PDT

    [ Parent ]

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