So wouldn't letting consumers spend, since they spend money more efficiently, lead to even more jobs than government spending?
Sure it can.
No it can't. Where is government going to get the money? Hello?!?
Not in a recession, because they won't spend it. They'll hold onto it because they are scared of losing their jobs. And more important, as the critics like to point out, this is borrowed money the government is spending. Consumers don't have all that cash and can't or won't go borrowing it.
Not in a recession, because they won't spend it.
They'll hold onto it because they are scared of losing their jobs.
Not in a recession, because they won't spend it. They'll hold onto it because they are scared of losing their jobs. And more important, as the critics like to point out, this is borrowed money the government is spending. Consumers don't have all that cash and can't or won't go borrowing it.
Loaned money doesn't come from thin air. In the end, there has to be a physical backing for loans.
Not sure what you mean.
Once the economy is better, you'll have tax revenue to pay it back.
It's about time you stopped reading that whacky rag. Not all of the money has been received yet.
I spewed beer all over my monitor when I read that!...:rofl
Incredible!!!
I spewed beer all over my monitor when I read that!...:rofl
Incredible!!!
They just have no clue whatsoever do they?
Yeah, I'm the one with no clue. Right.
You guys have an actual argument?
Think what you must to get to sleep at night Misterman, but from where I'm sitting the irony is HILARIOUS. And sadly, the joke is on you.
Yeah, so, anyone got an actual substantive argument? Or are you all just those argument from ignorance types?
I'm sure there's alot of things you are stunned to learn.
It's basic Keynesian theory. You don't have to agree with it, but it's hardly something new.
And it's a deeply flawed idea. You can't get something from nothing. Government spending NECESSARILY decreases private spending.
You clearly don't understand the theory. It's one thing to disagree with it, but you don't even get it.
Government spending doesn't decrease private spending. It puts cash that is sitting around anyway, not being spent, and spends it.
So you're saying that it takes money away from savings? Then tell me genius, how do the people whose savings just got depleted react?
Nobody's savings is depleted.
The government borrows money to get it out in the economy again. It works just like with a bank. You put your money in, and someone borrows it and spends it on business activity. Nothing unusual about that, and nobody's savings is depleted.
Genius.
it takes money sitting around not being spent and spends it?
Nobody's savings is depleted.
The government borrows money to get it out in the economy again. It works just like with a bank. You put your money in, and someone borrows it and spends it on business activity. Nothing unusual about that, and nobody's savings is depleted.
Genius.
Until those loans don't get paid back...
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