{"id":27500,"date":"2011-07-27T22:43:33","date_gmt":"2011-07-27T22:43:33","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/ambrose_evans-pritchard-flee_to_mars_if_america_commits_worst_error_1931\/"},"modified":"2011-07-27T22:43:33","modified_gmt":"2011-07-27T22:43:33","slug":"ambrose_evans-pritchard-flee_to_mars_if_america_commits_worst_error_1931","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=27500","title":{"rendered":"Ambrose Evans-Pritchard&#8211;Flee to Mars if America commits worst error since 1931"},"content":{"rendered":"<p>Should America embark on such fiscal contraction at a time when economic growth has already slipped to stall speed, and debt deleveraging continues with a vengeance, I would like to flee to Mars for safety.<\/p>\n<p>Yes, there is such a concept as an \u201cexpansionary fiscal contraction\u201d\u009d, as in Ireland (1980s), Denmark (1990s), arguably Canada (1990s), and the UK after both 1932 and 1993, but in every successful case this was accompanied by monetary loosening. That card has already been played this time.<\/p>\n<p>Should America instead opt to evade these fiscal cuts by actually defaulting on debts accumulated by self-indulgent baby boomers, I would also like to flee Mars because such an outcome might be even worse.<\/p>\n<p><a href=\"http:\/\/blogs.telegraph.co.uk\/finance\/ambroseevans-pritchard\/100011129\/flee-to-mars-if-america-commits-worst-error-since-1931\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Should America embark on such fiscal contraction at a time when economic growth has already slipped to stall speed, and debt deleveraging continues with a vengeance, I would like to flee to Mars for safety. Yes, there is such a<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=27500\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,50,209,670,582,589,595,592,149,671,617,675,616,151,667,618,673,596,669,584,672,668],"tags":[],"class_list":["post-27500","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-international-news-commentary","category-americau-s-a","category-budget","category-consumerconsumer-spending","category-corporationscorporate-life","category-credit-markets","category-currency-markets","category-economy","category-federal-reserve","category-house-of-representatives","category-medicare","category-office-of-the-president","category-politics-in-general","category-president-barack-obama","category-senate","category-social-security","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-the-national-deficit","category-the-u-s-government","category-the-united-states-currency-dollar-etc","category-treasury-secretary-timothy-geithner"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/27500","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27500"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/27500\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}