re: #17 DaddyG

re: #17 DaddyG

“We’ve got to spend our way out of this recession.” Ranks right up there with “I believe it is peace for our time.” and “I didn’t know it was loaded.” IMO

If you don’t want to spend in a recession, you are Austrian School Ron Paul territory. I am in agreement with Keynesian school. I was under the impression that Austrian school is fringe, and more or les snot viable in mainstream economic theory.

This is stuff is way way way more complicated than “don’t spend money”. We’re talking about a gigantic economy which already has artifical scaffolding all over it, treating a brutal popped housing bubble and a depressed job market and as something that can be righted by the purity of just “not spending money”. Doesn’t wash with me. Now I hve to take a shower

/I actually do have to take a shower, that wasn’t a figure of speech, heh