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View Diary: GOP pledge reduces deficit less than Obama's budget (92 comments)

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  •  Um (0+ / 0-)

    the few serious economists out their are worried about Deflation. "Inflation worries" is FED code for "screw over the working class we want more!"

    And btw "peak oil" is a friggin laughable myth based on nothing.

    And Jesus said to his disciples, "Truly, I say to you, it will be hard for a rich man to enter the kingdom of heaven.

    by cdreid on Fri Oct 01, 2010 at 08:36:27 AM PDT

    [ Parent ]

    •  Ummm, even Krugman sees it coming (0+ / 0-)

      Krugman talks of disinflation, then inflation, which is the right approach.  As long as we have a FED, there will be NO prolonged 1930's style deflation.  The FED will always step in.  Gold wouldn't be where it's at if the rich money was concerned about deflation.

      •  We have deflation RIGHT NOW (0+ / 0-)

        so where the fuck is the fed?

        The question is not whether the chickens needed replacing, the question is whether the fox should have been guarding them in the first place.

        by happymisanthropy on Fri Oct 01, 2010 at 11:52:53 AM PDT

        [ Parent ]

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