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. #21
    Villiage Idiot
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by MildSteel View Post
    When the government prints money that it does not have, it can spur industry into converting raw material and labor into goods, thus creating jobs and increasing consumption. Of course this sort of Keynesian view can lead to debt. However, the U.S. government has accumulated quite a bit of debt and the economy still appears to be going. How do you explain that?
    The standard conservative answer is "collapse is just around the corner".

    And even a broke clock is correct twice a day.
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  2. #22
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by iacardsfan View Post
    You pump enough capital into any economy and it will grow. That does not make it correct or sustainable.
    Just keep on pumping!
    Quote Originally Posted by ocean515 View Post
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    I see a big problem with the idea that whatever the majority wants is OK.

  3. #23
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by imagep View Post
    I think the answer is a definite "sometimes".
    Would that be when nothing else works?

  4. #24
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by MildSteel View Post
    Yep. But the U.S. economy has been run in this way for a while so it can be sustainable for quite a while it seems.
    It causes boom and bust cycles that can only be fixed through more pumping of capital and government bailouts. Eventually we are going to run out of money to do this.
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  5. #25
    Villiage Idiot
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by MildSteel View Post
    Yep. But the U.S. economy has been run in this way for a while so it can be sustainable for quite a while it seems.
    Only for the last two hundred and thirty seven years. Debt hawks tell me that two hundred and thirty seven years isn't long enough to prove anything, and hyperinflation and the collapse of the dollar is always just around the corner.
    Quote Originally Posted by ocean515 View Post
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    I see a big problem with the idea that whatever the majority wants is OK.

  6. #26
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by imagep View Post
    Just keep on pumping!
    That seems to be the strategy.
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  7. #27
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by iacardsfan View Post
    It causes boom and bust cycles that can only be fixed through more pumping of capital and government bailouts. Eventually we are going to run out of money to do this.
    How can "we" run out of money when it just keeps recycling over and over again? Money never really gets used up.

    And furthermore, how can we run out when we can print all that we need?

    ("we" meaning the guberment)

    Oil may run out eventually, but never fiat money.
    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.

  8. #28
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by iacardsfan View Post
    It causes boom and bust cycles that can only be fixed through more pumping of capital and government bailouts. Eventually we are going to run out of money to do this.
    There would be boom and bust cycles even if the government did not do it. Actually to cycles are due to human greed, at least in my opinion.

  9. #29
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by imagep View Post
    How can "we" run out of money when it just keeps recycling over and over again? Money never really gets used up.

    And furthermore, how can we run out when we can print all that we need?

    ("we" meaning the guberment)
    I dont sanction the use of individuals money to be reallocated to others for the sake of their economic benefit. As for printing more money, that would simply devalue our currency and foreign nations to keep away.
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  10. #30
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by imagep View Post
    How can "we" run out of money when it just keeps recycling over and over again? Money never really gets used up.

    And furthermore, how can we run out when we can print all that we need?

    ("we" meaning the guberment)

    Oil may run out eventually, but never fiat money.
    As long as people accept the money that the government prints, yep it will never run out. The question is, will people keep accepting it.

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