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Message: <blockquote data-quote="mlund" data-source="post: 4349583" data-attributes="member: 50304">Sorry, but you're just inviting more corrections to misstatements about economics when you make politically biased statements like this:This is factually incorrect. You can only even remotely posit this statement being true is when you redefine the academic and literal meaning of "recession" into politically biased Newspeak. The NBER is pretty much the academic authority on this sort of thing. We are not in the midst of a recession that started in 2000, regardless of how politically advantageous such a counter-factual narrative might be to some parties."Recession," is not interchangeable with "I'm not happy about the way the economy is playing out."Considering the distinction between political attitudes towards capitalism vs. scientific theories of economics, I'd say that's factually and historically incorrect. More accurately, there are two major schools of political thought as it relates to capitalism, labeled (often times mistakenly so) as "liberal" and "conservative" in the United States (once you get out of the U.S. those words have a different meaning in some areas).Nevermind the fact that "economic Liberalism" and "political policies of so-called 'liberals' as they pertain to economic policy" are ridiculously at odds with one another.Most of the controversial economic theories going around are socio-political theories about how to influence markets, rather than the more grounded scientific fundamentals of economics. Just because everyone and their dog has an "economic theory" doesn't mean those theories are equally valid as say - fundamentals of supply and demand, price points, and elasticity.Sticking to the practical and statistical science of economics rather than the politically charged rhetoric addressing the merits and flaws of capitalism would probably be best. - Marty Lund</blockquote>

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