Sassy Paul Ryan gets wonkalicious, and sends a little love Chris Christie’s way.
He really gets going at about 3:00.
We’re having this great debate about the 1930s — and a lot of revisionist history is occurring. Hoover started with the stimulus spending. Hoover gave us tax increases, then FDR finished up and did the same thing.
What happened in the 1930s, I would argue, is higher tax rates, protectionism, demagoguing business with bank populism, and then more uncertainty in the economic climate, more uncertainty among economic producers and small businesses as to what’s coming ahead. What do you think we’re doing right now? We’re doing all of those things. We’re repeating the same mistakes that took a tremendous crash and a recession and turned it into the Great Depression.
What I worry about here is because of government policy, State and Federal, we may get our own lost decade scenario just like the Japanese got. Because of the carry trade, because of the Fed, and because of all of the dangerous fiscal policy — higher taxes, more regulations, explosion in spending — we could have our own slow-growth, no-growth, managed-decline lost decade scenario.
I love it when you say “fin-reg,” Paul Ryan.
Wonkalicious … oh, that is the perfect word.
Oh, baby. Talk economics to me. Tell me again how “the government is inserting itself as the dominant player in the marketplace .”
In fact … maybe you’d better show me. I’ll be the marketplace.
Oh he is so sassy.
eta: I never liked RDJ, but with his post-prison “coming out” as a conservative … I could be tempted to reconsider. Maybe it’s time to rent Iron Man 2.