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Boiling Point for Keynesian Economics (Part 3 of 3)
In the first two parts of this series, we identified fundamental economic weaknesses that running a Keynesian based economy have brought us. So the next question is figuring out when the critical point will be, and what it will look like. In short, we’re looking at it as we speak.
Let’s start with the ‘when’ of the equation. To put it in its simplest form, the critical point our Keynesian economy will be when the U.S. completely lacks the ability to sell any of its debt, and consumers are unable to take on any more debt.
Using the three farmer analysis in…
20Nov2008 | Oxbury Research | Comments Off | Continued
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