View Poll Results: Does governnent spending produce economic growth?

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  • Yes

    241 68.08%
  • No

    13 3.67%
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Thread: Does governnent spending produce economic growth?

  1. #41
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by iacardsfan View Post
    We are strong relative to other nations because Chinas slowdown and the Euro uncertainty has sent those investors to the dollar.
    And the fact that it is strong relative to other currencies despite all that money printing appears to contradict your claim that it devalues the currency and keeps foreign nations away. People are still buying U.S. debt.

  2. #42
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by iacardsfan View Post
    that is happening even with government supply small businesses with great rates on loans, and taxing the wealthy to hopefully redistribute it downward. Hasn't exactly worked.
    It's worked pretty darned well for decades. Are we a poor nation?
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    I see a big problem with the idea that whatever the majority wants is OK.

  3. #43
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by imagep View Post
    Human greed and irrational behavior.
    Agreed.

  4. #44
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by MildSteel View Post
    And the fact that it is strong relative to other currencies despite all that money printing appears to contradict your claim that it devalues the currency and keeps foreign nations away. People are still buying U.S. debt.
    We either tax money away, or we borrow it away. At least when we borrow, it's the choice of the lender to loan it (or not), and it doesn't have to be done by force.
    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.

  5. #45
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by imagep View Post
    What about when it's for the sake of EVERYONES benefit (including the people who are paying their government bill).



    If we printed money faster than the world could produce goods and services, yes. Not likely to happen anytime soon, especially in this global economy.
    I agree that the redistribution of wealth can be beneficial for all parties, but it is not the role of the government to force that.

    As for printing faster than we produce, it might not be a problem now, but down the road who knows.
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  6. #46
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by imagep View Post
    It's worked pretty darned well for decades. Are we a poor nation?
    No, I simply think we could be richer.
    "Conservatism is the blind and fear-filled worship of dead radicals."
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  7. #47
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by Declan View Post
    We are probably dipping our toes knee deep in the deflation trap, but time will tell (actually to me time has already told this)
    Yup, hyper inflation is always just around the corner.

    Fortunately, we never seen to make it to that corner.
    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. #48
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by MildSteel View Post
    In addition to my regular job, I have been trying to develop a business. I have noticed two years in a row now that I experience a great boost in sales after people get income tax refunds. Now I realize that in that case, mostly people are simply getting back their own money. But it makes me wonder, does government spending produce economic growth? If I understand them correctly, some say that this is never true. What do you think?
    You are looking only at what is seen, and not what is unseen.


    The problem with government spending is that the government has to get every dollar it spends. It's not that you can just add up all the expenditures and claim victory - there is an opportunity cost. Every dollar that the government doesn't borrow or tax is a dollar that would otherwise have been put to some other use. So the answer to "does it create growth" is "if it is allocated more efficiently than it would have been on the market, or if it solves a tragedy of the commons that allows growth to increase". For example, investment in transportation infrastructure (roads. canals.) can boost growth, and investment in basic security of property rights and enforcement of contract (police. military) boost growth can boost growth. Spending on cowboy poetry festivals and spending-for-the-sake-of-spending... less so.
    Last edited by cpwill; 02-23-15 at 10:13 PM.

  9. #49
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by iacardsfan View Post
    I agree that the redistribution of wealth can be beneficial for all parties, but it is not the role of the government to force that.
    The roll of government is to do anything that the rulers want it to do. The rulers in the US are "We the People".

    As for printing faster than we produce, it might not be a problem now, but down the road who knows.
    As technology continues to increase hour productivity, and as long as we don't run slap out of resources, then we will continue to meet demand.

    Inflation is caused by inadequate production to meet demand, so inflation isn't very likely unless demand starts to significantly outpace production.

    The federal reserve sets a target inflation rate of 2% and strives to meet that target rate. Even with the best efforts of the federal reserve pumping new money into our economy, it hasn't been able to produce demand fast enough to exceed our production capability.
    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. #50
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    Re: Does governnent spending produce economic growth?

    Quote Originally Posted by MildSteel View Post
    Would that be when nothing else works?
    Oh yeah, businesses don't add to the economy only government.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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