Sure. And it also gave us the modern internet, with all of it's increases in efficiency and increased ability to exchange goods and services. The economic impact of Tech Development was
significantly larger than just the losses realized when the Tech Bubble burst.
.....sort of. The global bubble currently is debt-oriented, and especially present in countries like China.
Also agreed, it is only one indicator. The large numbers of those who are out of the workforce semi-permanently or permanently, and the loss of net worth on the part of American households suggest strongly that the picture is significantly more mixed.
Myself, I have about 25% of my long-term savings accounts currently sitting in money market funds. If I'm right, and we're headed towards another significant readjustment, I'll be well positioned to buy. If I'm wrong, I won't lose all the gains :shrug:
....no. Our current doldrums are part of the result of attempting to endlessly prop up demand. What we need to do is let bubble assets depreciate, instead of continuing to try to pump up a balloon with a hole in it.
NAFTA made
America better off, not just the wealthy. It was another one of the smart things that Clinton did - good point.
It put more workers into it, boosting production.
:lol: a formula dependent on pretending that the dollar appears from "nowhere".
Let me know if you are ever able to find a keynesian claim on such a high multiplier effect that includes a cost-benefit analysis of pulling that dollar out of the economy before the government puts it back in.
:shrug: they are pointing out that the argument that government spending is productive is based on a false premise, one that is demonstrated when you take it to its logical conclusion.
You are correct that trickle-down is a false notion, but only because it is a strawman argument made up by free trade's opponents.
no prob - we've all been there.