patrick.net

Reality says

I have had 2 serial long term GF's (plus a couple short-term ones in between) since 2008. They were very hot

Pics please!

bob2356 says

Reality says

No, it is not in the con business like Keynesians.

Keynesians (not that anyone has actually implemented what Keynes wrote)

What Keynes wrote had been implemented even before Keynes wrote it. Nazi Germany was on a massive Keynesian program, from building Autobahn to military buildup, before Keynes wrote his book. Italian Fascists did it even earlier.

and Austrians are both in a con game. Austrian translates into plutocratic oligopoly, Keynesian translates into welfare state.

Keynesianism leads to both oligopoly and welfare state. There is no contradiction between welfare and aristocracy . . . after all, it was Bismarck the consummate aristocrat who introduced the very first modern welfare state, in order to uphold the social status of the aristocrats and to tax / put down the upstarts in the market place.

zzyzzx says

Not when you have an epic sized trade deficit like we do!

As of fourth-quarter 2013, the trade deficit was a mere 2.2% of GDP. This is due to fracking/shale energy production, increased use of service (as opposed to manufactured) products by aging baby boomers, and increased consumption of onshore goods.

2.2% is quite low.

(Source: The Economist, January 4th issue)