If you look at every major attempt at fiscal stimulus in the 30 nations of the OECD since 1970, those predicated on increasing government expenditures were the ones that failed.
in particular, it's worth noting that in nations with higher debt, the multiplier actually ranges between zero and negative.
no, i want actual market efficiency to increase growth which drives up wages. artificially increasing somethings' price does not help the market as a whole, it just helps (so long as the government props that item) that particular sector. i want real growth, not a series of bubbles, and not a net-loss redistribution from one sector of the economy to another.So in other words, you want to keep wages low in order to boost them.
i see wishful thinking and a failure to appreciate unintended consequences in yoursI see the absurdity in your stance.
not at all. Unions move the price of their labor from where it would naturally fall. like any price floor, it detracts from demand.The term artificial is a misnomer.
yeah. so did encouraging subprime mortgages. remind me again how well that turned out?If unions change the supply/demand equation, then they do that. However, its just a change in the make up of the market, which is fundamental to capitalism.