View Poll Results: Does governnent spending produce economic growth?

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  • Yes

    241 68.08%
  • No

    13 3.67%
  • Sometimes

    100 28.25%
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Thread: Does governnent spending produce economic growth?

  1. #161
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by imagep View Post
    No there's not. The same money can be spent over and over again. When money is taxed out of the private sector, it's immediately spent back into the private sector.
    That's interesting. I had no idea that government employees worked for free.


    The issue is less whether or not money is moving, it is what is it moving to. Resources have multiple alternative potential uses, some of which are less productive than others. So if the government takes the money that I was going to use to invest in a business and uses it instead to A) pay federal workers B) lose some C) open up the Congressman John C Smith Bridge To Nowhere, then it has taken resources and moved them down the scale in terms of desirable uses.

  2. #162
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by DaveFagan View Post
    I see. So kindly explain how the US printing $7 trillion for the banks caused the value of the dollar to increase 20%? I'll wait.
    demand increased more rapidly than supply as the world sought out security over return. It's the same reason our public debts' interest rates went down even as issuance skyrocketed.

  3. #163
    Villiage Idiot
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by cpwill View Post
    That is incorrect - you are thinking of an inflationary cycle, which overlaps, but is not the same, and your evidence is anecdotal.
    Yes, I am talking about inflation, that's what "reduces the dollars value" in my world.

    What are you talking about? The exchange rate or something fancy like that?
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  4. #164
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by American View Post
    But it your progressive world, it doesn't happen only then. In the progressive world the govt is spending huge 24/7/365.
    Yes, in my progressive world, government does provide a safety net and protection (police/fire/EMT/health & disease control and navies) as well as certain services to the common, such as roads, bridges, airports (and air traffic control), high speed rail, ports, parks, dams & flood control, wildlife preserves, seashores, schools & universities.

  5. #165
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by upsideguy View Post
    Yes, in my progressive world, government does provide a safety net and protection (police/fire/EMT/health & disease control and navies) as well as certain services to the common, such as roads, bridges, airports (and air traffic control), high speed rail, ports, parks, dams & flood control, wildlife preserves, seashores, schools & universities.
    I suspect that happens in the conservative world also, but let's just keep that a secret between you and me.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  6. #166
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by imagep View Post
    Yes, I am talking about inflation, that's what "reduces the dollars value" in my world.
    You are thinking of net rather than effect.

    A recent example: let us say, that there exists a hypothetical world in which gas used to cost $3.50 a gallon. Supply, however, had increased, to the point where gas falls to $2.00 a gallon. At the lower price, however, fewer producers are profitable, and so supply decreases, as gas rises $2.50 a gallon.

    Now, would you look at that example, point confidently to the decrease in price from $3.50 to $2.50, and declare that the later decrease in supply obviously did not increase the price per gallon?

    To take the same math: (back of napkin) if you have supply of dollars, and demand rises 30% while supply rises 20%, then the subsequent 10% increase in price is not indicative that increases in supply did not degrade the value of the previous dollars. It only means that demand outstripped it.

  7. #167
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by imagep View Post
    If by "normal", you mean people who believe that governments have the same needs as people. then yea.

    People who actually understand economics apparently aren't normal.
    It depends on their understanding of economics, and as with everything, there are good and bad economists.
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


  8. #168
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    Re: Does governnent spending produce economic growth?

    My answer to the OP: It can, so long as people are still willing to loan the Government money.

    Quote Originally Posted by Ockham View Post
    It depends on their understanding of economics, and as with everything, there are good and bad economists.
    IMO any economist who offers "solutions" is a bad economist, there are no solutions. There are costs and benefits to ALL decisions.
    Haymarket's "support" of the 2nd Amendment, a right he believes we never had.
    Quote Originally Posted by haymarket View Post
    no. You cannot lose rights you do not have in the first place. There is no such thing as the right to have any weapon of your choice regardless of any other consideration. It simply does not exist.

  9. #169
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by cpwill View Post
    That's interesting. I had no idea that government employees worked for free....
    Me either. Who said that?

    To the best of my knowledge, government workers do get paid, and they spend that money in the private sector, just like private sector workers do.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  10. #170
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by cpwill View Post
    demand increased more rapidly than supply as the world sought out security over return. It's the same reason our public debts' interest rates went down even as issuance skyrocketed.
    Get real. You just said more money devalues the dollar. You're falling off both sides of the fence.

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