Contract from America

[Here4Good]

Read the article. It's not about Keynesian economics or government spending, it's about price-fixing and wage-fixing.

"Recovery came only after the Department of Justice dramatically stepped enforcement of antitrust cases nearly four-fold and organized labor suffered a string of setbacks, the economists found."​

I think everyone agrees that government attempting to set wages and prices was a failure. It was stopped by a Supreme Court decision.

 

[sarawind]

Read the article twice. My reply was regarding Ugabuga's post which I may have misunderstood. I took his post to mean he believes the way out was FDR's way - spend, spend, spend - which has been proven a failure. Krugman believes in the Keynesian policies.

The Contract has good ideas but is, of course, incomplete. Expecting perfection from a new 'party'' when the parties we have now are still working on getting it right is unrealistic.

 

[beachFool]

This is apparently the contract the Tea Party is asking candidates to sign to get the TP support...

so what do you all think? Florida Senate Candidate Marco Rubio has signed on, according to the TP leader from Denver.

http://www.contractfromamerica.com/

I would put more credence in Marco's pledge to balance the country's budget if he balanced his personal budget first.