When have conservative economic policies ever worked?

[Anarchist420]

Chang argued that the 'poor' economic policies of those so called backward regions gave better returns than they were in the decades of free market capitalism. The economic policies of those countries who 'made it' are crudely characterized as capitalist but they are not, their govt actively supported an industrial policy to beef up their economy. No one is saying communism is the answer so your NK example is moot.

I had thought NK was communist. Okay, so they're mercantilist and most people are still very poor in NK (as well as China). Mercantilism doesn't work either. We have it here.

The powers that be decreed that the IMF will be headed by a European and WB will be led by an American. Any big decision or hot issues by the IMF will always need an ok by America and is basically an appendage of the Treasury. The IMF/WB pushed financial liberalization which is a Wall Street agenda across emerging economies in Asia which caused the Asian crisis.

Did those Asian countries use a central bank? Central banking is mercantilist and not free market. Jacksonian economics is free market. Greenbackism is the one that's far left. Also, those Asian countries' governments that you're talking about had to agree to the terms of the IMF... so I think what happened was that the western elites benefit from their IMF placing those terms on poor countries and the IMF is diverting resources to wasteful, well connected private enterprise (not free) in the west. Don't forget that Keynes advocated the WB and the IMF.

 

[Pr0d1gy]

They were working fine until Clinton's stupid ass repealed Glass-Steagall.

 

[MooseNSquirrel]

If you came up with data that proved me wrong you would be a magician.

Tax Rates:
http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=213

Deficits:
http://www.davemanuel.com/history-of-deficits-and-surpluses-in-the-united-states.php

Um, do you even understand what you posted?

You basically just gave us an example of how when taxes were very high deficits were very low.

And then Reagan happened, and the rest as they say, is history.

 

[Drako]

If by "conservative economic policy" you mean:

Spending less money than what you take in.

Then it works every time. :biggrin:

 

[MooseNSquirrel]

Made it possible perhaps. It certainly didn't compel people to sell food. That is squarely to the credit of the profit-motive.

No food, no store.

I don't think it's inaccurate to say that democrats favor a regulated market whereas republicans favor a deregulated market. One favors a freer market than the other. I didn't say one was communist.

I dont think thats accurate at all.

Regardless, my original point stands, Republicans are not the the sole advocates of the free market.