re: #421 kirkspencer

Again: they aren’t following a Keynesian model. If they were the stimulus would have been larger and in immediate/direct instead of delayed/indirect avenues.

Again, the Keynesian economists said that what was put out would result in stagnant to extremely slow growth.

Cut off the tail and paint it yellow, but a gator still isn’t a dog whatever you call it.

Isn’t that the same argument people use to explain how another economic theory didn’t fail? It wasn’t implemented correctly”. We were told that a trillion dollars in spending, on shovel-ready projects, would keep unemployment from hitting 8%. We were told that for every dollar of spending we would get a return of $1.60. The multiplier never showed up, our growth rate was just downgraded “unexpectedly” again, unemployment is still 10%, and we’re running a very real risk of having our bond rating dropped. I don’t see the argument for more spending with those results.