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View Diary: Stephen Colbert rips apart debunked austerity economics paper (62 comments)

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  •  Economics is more an art than a science, but... (5+ / 0-)

    basic laws of physics, as experienced in daily living, DO APPLY, such as:

    Newton's Third Law

    Law III: To every action there is always an equal and opposite reaction: or the forces of two bodies on each other are always equal and are directed in opposite directions.

    If the economy is NOT MOVING toward prosperity, it must therefore be moving in the opposite direction, toward austerity.

    Generally speaking economic growth, prosperity, is measured by positive reports of GDP. While, on the other hand, economic contraction, austerity, is measured by negative reports of GDP.

    My personal preference is to see the economy moving toward prosperity.  However, there are many destructive politicians out there who want to dismantle government and the best way for them to do that is through austerity, by whatever means or faulty reports may be necessary.

       

    *Austerity is the opposite of Prosperity*

    by josmndsn on Wed Apr 24, 2013 at 07:40:07 AM PDT

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