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That's a funny thing, as in not funny at all actually. In the latest issue of Real-world economic review, Richard Koo comments that it has proved extremely hard for peace-time democracies to maintain stimulus programs over time. As soon as the slightest green shoots are noticed, stimulus is stopped and the recession returns.

However, he also notices that there is nothing as corrosive to democracy as sustained depressions. Well then say I, this resolves the problem! With the disappearance of democracy, the political problem of maintaining a stimulus disappears, as we see the advent of massive military Keynesianism. Yay. :p

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Wed Dec 14th, 2011 at 10:23:32 AM EST
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