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(Washington Post)   Oh, look, another Rethuglican spouting off at the mouth about Medicare being unsustainable and people getting $3 in services for every dollar they put in and fark it, let's just sick the liberal fact checkers on him. See, I told you...oh, he's right?   (washingtonpost.com) divider line 754
    More: Obvious, Medicare, fact checking, John Barrasso, average wage  
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2705 clicks; posted to Politics » on 20 Mar 2013 at 12:24 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-03-23 09:24:29 AM  

lordjupiter: Now it seems the goalposts have been moved to governments relying on dynamics not totally in their control.   Well, that's life, pal.  NO government has total control over what happens with its economy.


The goalposts haven't moved.  I originally said that buying stuff doesn't help the economy, which I will stand by.  What helps the economy is investment in productive goods.

You are suggesting that the government could benefit the economy via a completely directionless cash injection, simply hoping that the money gets to some investor before inflation takes hold.  That is a pretty terrible fiscal policy for two reasons - one, you can't ensure that the money will ever get invested. - two, if it is invested, it is most likely invested in some program that is only successful because of the government stimulus.

To give you an example - suppose the government injected a large amount of cash through the military.  What would happen?  Well a great deal of money would be invested in the MIC.  We would have plants spring up throughout to the country.  We would have people invest money in building the supply chains.  We would have people invest money in the towns around these bases or factories.  There would be ton of investment, but it would all be geared towards the MIC.

So even though that cash injection was invested, it did not help the economy.  It created an entire sector, heavily invested in, that relies on continued government injections to survive.

That wasn't an analogy, just a real world example of your bullshiat theories not working.
 
2013-03-23 03:14:20 PM  
Well first you don't think buying things helps the economy, so you don't even understand the point of stimulus.  So "bullshiat theories" doesn't mean what you think it means.

/done feeding it
 
2013-03-24 10:44:26 AM  

lordjupiter: Well first you don't think buying things helps the economy, so you don't even understand the point of stimulus.


What is the point of the stimulus?  As far as I can tell, the vast majority of people in favor of it describe it as "getting money in the hands of the people so they can spend it and get the economy moving".  Spending doesn't fix an economy, investing does.
 
2013-03-24 03:52:39 PM  

MattStafford: Spending doesn't fix an economy, investing does.


You can't invest if there's no demand. If no one is spending money, there's no demand, and no investment. Capital by itself cannot do anything.
 
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