Wednesday, April 9, 2008

Yet Another Empirical Refutation of Conservative and Libertarian Views of Economics

This is what happens when you de-regulate markets and lower taxes to the extent that conservatives like Bush Jr. has done. How many times do we have to run the experiment? It happened under Nixon, it happened under Reagan, it happened under Bush I, and now it has happened under Bush II. But of course, they're ideologues. Their views are impervious to evidence.

Back to FDR's New Deal, folks. That demonstrably worked. Or better, let's move to the economic plans demonstrated to make people better off in today's economy -- e.g., that of Germany, Switzerland, Holland, etc.