re: #133 aagcobb

Enough stimulus is enough to get the economy growing at a rate that will get us back to full employment within a reasonable time (by which I mean not 0% unemployment, but a job market in which a person who wants to work fulltime and is capable of doing so can get a job within a reasonable period of time). The stimulus isn’t going to cause significant inflation. It is very worthwhile to stimulate the economy to generate jobs, because long term joblessness destroys lives.

OK, you’ve established the goal for the outcome of the stimulus, so now how much money, in dollars, will it take to actually accomplish the goal? Could there ever be a point in which we stop spending because it’s too much? If the goal hasn’t been met after say one trillion dollars? Ten trillion? Fifty trillion? Presumably the goal would be achieved well before we spend ten trillion dollars stimulating the economy, but suppose it hasn’t?

If all it takes is stimulus spending to create jobs and grow the economy, what’s wrong with Greece? Seems like they spent a lot of money and are now in deep trouble. This causes you no worry at all?