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<blockquote data-quote="BananaCat" data-source="post: 2147133" data-attributes="member: 62462"><p>This is true. It's the Bananacat reason for failure. Corporations rely on the idea government will intervene and bail them out when they get in trouble based on Keynesian economics and so they take free risks. These expectations also make stimulus actions by the government ineffective. Why do you think the prime rate has been less than 2% for decades? When the Fed even hints of raising the prime rate, the stock market threatens to crash itself. </p><p></p><p>Friedman-like policies made the corporations the beasts they are today. Economic policy today has been pushed so far right by our neo-con and neo-liberal legislaters that a democrat 40 years ago is now considered a socialist/communist. Democrats today are only liberal in regards to social policies.</p><p></p><p>So there you have it. In practice, corporations today are on permanent welfare from the Keynesian ideas of government. And corporations are minimally regulated by Friedman ideas of government. We have the worst of both worlds for our economy and it has blatantly redistributed the wealth in this country.</p><p></p><p>I think it has a lot to do with corporations.</p></blockquote><p></p>
[QUOTE="BananaCat, post: 2147133, member: 62462"] This is true. It's the Bananacat reason for failure. Corporations rely on the idea government will intervene and bail them out when they get in trouble based on Keynesian economics and so they take free risks. These expectations also make stimulus actions by the government ineffective. Why do you think the prime rate has been less than 2% for decades? When the Fed even hints of raising the prime rate, the stock market threatens to crash itself. Friedman-like policies made the corporations the beasts they are today. Economic policy today has been pushed so far right by our neo-con and neo-liberal legislaters that a democrat 40 years ago is now considered a socialist/communist. Democrats today are only liberal in regards to social policies. So there you have it. In practice, corporations today are on permanent welfare from the Keynesian ideas of government. And corporations are minimally regulated by Friedman ideas of government. We have the worst of both worlds for our economy and it has blatantly redistributed the wealth in this country. I think it has a lot to do with corporations. [/QUOTE]
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