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. #241
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by cpwill View Post
    Increases in supply reduce prices, demand remaining equal.
    Quote Originally Posted by MildSteel View Post
    OK. I see where we are going off base. Yes that is true.

    To be more precise, what I am saying is that an increase in QUANTITY SUPPLIED MEANING MOVEMENT TO THE RIGHT ALONG THE SUPPLY CURVE, can in certain circumstances induce a shift of the DEMAND CURVE to the right, thus resulting in an increase in the value of the dollar. And so that there is no confusion going forward, demand is the demand curve consisting of quantity demanded and value, where value means the purchasing power of the dollar. Supply refers to the supply curve consisting of quantity supplied and value as before.

    Now maybe we can discuss clearly without confusion.
    I am going to further clarify my response. When I say value, I mean the value of the dollar relative to other currencies like the Japanese yen and the Euro. Now I think I have clarified in the proper economic jargon, what I am trying to say. Please forgive my mumbo jumbo.
    Last edited by MildSteel; 02-27-15 at 06:12 AM.

  2. #242
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    Re: Does governnent spending produce economic growth?

    I can think of three major government spending programs that did in fact boost the economy.

    1. Tragically WWII and the spending of money on weaponry created a lot of jobs and lifted us out of the depression.

    2. The interstate highway system. Prior to the interstate highway grid it took forever to travel across the country. The construction of it created jobs but that's not all. Shipping was revolutionized. Private transportation was revolutionized. I cannot calculate the economic benefits of the interstate highway system in the time I have this morning.

    3. NASA. I especially look to all of the spinoff innovations that came about due to the government spending on the space program. Satellite communications that made the cable tv industry possible. Ball point pens. Gps navigation. Advances in water filtration and food preservation. Disposable diapers and feminine hygiene products. Advanced weather forecasting.
    Having opinions all over the map is a good sign of a person capable of autonomous thinking. Felix -2011

  3. #243
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by Smeagol View Post
    I can think of three major government spending programs that did in fact boost the economy.

    1. Tragically WWII and the spending of money on weaponry created a lot of jobs and lifted us out of the depression.

    2. The interstate highway system. Prior to the interstate highway grid it took forever to travel across the country. The construction of it created jobs but that's not all. Shipping was revolutionized. Private transportation was revolutionized. I cannot calculate the economic benefits of the interstate highway system in the time I have this morning.

    3. NASA. I especially look to all of the spinoff innovations that came about due to the government spending on the space program. Satellite communications that made the cable tv industry possible. Ball point pens. Gps navigation. Advances in water filtration and food preservation. Disposable diapers and feminine hygiene products. Advanced weather forecasting.
    Very good examples!

  4. #244
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    Re: Does governnent spending produce economic growth?

    To be very clear, actually when the government takes treasuries to the Fed and gets money in return, it is taking money from the future. So in some sense the money is coming from somewhere. The thing is this however, the money that the Fed used to buy those toxic assets, that will never be repaid, actually came from nowhere. No one is going to buy them so that is where they will die. And as long as people worldwide accept U.S. dollars, which will be the case for a long time, the Fed can go on about its business and it will mean very little, if anything at all in practical terms. Like I said, the Fed does not have anyone knocking on its door demanding payment.

  5. #245
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by MildSteel View Post
    No its not a childish assessment. The problem is that you have had a right wing lobotomy that does not permit certain things to register in your brain. What is not registering in this case is the fact that THE MONEY IS THE EXCESS RESERVES OF PRIVATE BANKS THAT THEY HAVE VOLUNTARILY CHOSEN TO PARK AT THE FEDERAL RESERVE INSTEAD OF LENDING IT. THAT IS A FORM OF HOARDING. Now I pity that because of your lobotomized condition you cannot understand that. But don't worry, even the lobotomized can be useful in that their behavior serves as a negative example that should be avoided.



    Dodd Frank says that banks can only lend to people who can repay the loan, something they should have been doing in the first place.

    Nonsense. You seriously need to educate yourself beyond these simplistic left wing plattitudes.

    Prior to 2008 how much in dollars did Banks park at the FED reserve ?

    And Dodd Frank re-re-intsalled the very standards that the Democrats stripped away from private lenders under the pretense of " discrdiscrimination ".

    Unfortunately, Dodd Frank regulations didnt apply to the two most corrupt Financial entities involved in the Subprime mortgage crisis.

  6. #246
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by Fenton View Post
    Nonsense. You seriously need to educate yourself beyond these simplistic left wing plattitudes.

    Prior to 2008 how much in dollars did Banks park at the FED reserve ?

    And Dodd Frank re-re-intsalled the very standards that the Democrats stripped away from private lenders under the pretense of " discrdiscrimination ".

    Unfortunately, Dodd Frank regulations didnt apply to the two most corrupt Financial entities involved in the Subprime mortgage crisis.
    Again, Dodd Frank says that banks should only lend to people who can pay the money back. Again, that is what they should have been doing anyway.

    How come you didn't throw is an Obama hate line? I guess you forgot about that.

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