brian0918 Posted December 8, 2008 Report Share Posted December 8, 2008 (edited) This weekend Obama announced "the largest infrastructure-spending package since the 1950s", on the mistaken belief that increased government spending and employment will lead to increased production and stimulate the economy. More likely, though, is a replay of the results of the increased spending of Hoover and Roosevelt - turning a "market adjustment" into a sustained depression. How many centuries will it be before economists and politicians stop trying to have their cake and eat it too? Edited December 8, 2008 by brian0918 Quote Link to comment Share on other sites More sharing options...
Steve D'Ippolito Posted December 8, 2008 Report Share Posted December 8, 2008 How many centuries will it be before economists and politicians stop trying to have their cake and eat it too? I hope the answer to this is not more than 2. I think they've been trying for about 1 1/2 so far, at least the economists have. Politicians have been doing it for a lot longer. They've resorted to either looting via conquest or debasing the currency to prop up a fundamentally unproductive system and/or finance wars of conquest *at least* since the Persian empire. The Soviet Union lived off of looting its conquests and foreign aid, and the US government is running the printing presses at full blast. (Don't the things ever overheat and shut down?) Quote Link to comment Share on other sites More sharing options...
AndrewRyan Posted December 20, 2008 Report Share Posted December 20, 2008 This weekend Obama announced "the largest infrastructure-spending package since the 1950s", on the mistaken belief that increased government spending and employment will lead to increased production and stimulate the economy. More likely, though, is a replay of the results of the increased spending of Hoover and Roosevelt - turning a "market adjustment" into a sustained depression. How many centuries will it be before economists and politicians stop trying to have their cake and eat it too? I smell another depression coming on... Quote Link to comment Share on other sites More sharing options...
SD26 Posted December 20, 2008 Report Share Posted December 20, 2008 I smell another depression coming on... Not sure about that. Times were actually really tough then. Too many people with DVD players, cell phones, and all kind of nice things yet. Let along having food. Still, I think I'll look for a cash job to reduce my tax load. Quote Link to comment Share on other sites More sharing options...
AndrewRyan Posted December 20, 2008 Report Share Posted December 20, 2008 I'm not saying another depression is assured, I'm just saying government interventionism is what caused the last one, and more intervention is being planned now. Quote Link to comment Share on other sites More sharing options...
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