Sunday, June 10, 2007

Liberals were wrong in the 1930’s

"Analysts of very diverse political hues concluded that the era of dynamic capitalism was over and that the United States and other "mature economies" had entered into a period of long-term economic stagnation. Some argued that there were no new technologies in sight for consumers to buy. Others feared that natural resources were nearing exhaustion, or that slowing population growth translated into a lack of consumer demand."

When are the Liberals ever right?

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