View Poll Results: You can't spend your way out of a recession

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  • Agree, you can't (generally)

    42 44.68%
  • Disagree, you can (generally)

    52 55.32%
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Thread: You can't spend your way out of a recession

  1. #171
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by misterman View Post
    I already do, every April 15.

    Back on topic.
    Apparently you don't what the topic is.
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by American View Post
    Apparently you don't what the topic is.
    I do. You don't.

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    joke Re: You can't spend your way out of a recession

    Quote Originally Posted by Skateguy View Post
    I spent more money today, than I had coming in. I must be getting rich.
    And I borrowed money to buy and finance a bunch of unneccessary things.. Guess I got rich as well!

    Yey..
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  4. #174
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by phattonez View Post
    Did you read any of the examples I wrote about explaining why GDP is a bad measure of productivity? You can't get an economy to produce the things that people want if you leave the government in charge because the government doesn't know what we want and doesn't have to operate with a risk of loss.
    What should we have relied on during the recession, then, if not fiscal policy?

    (Also, can you please clarify if you are opposed to government spending, tax cuts, or both?)

    To keep from over inflating our economy, we could not manipulate the money supply too much. Our interest rates were at (and are at) an all time low - near rock bottom. The Fed was scrambling to use all the tools they have to prop up the economy. So, the government stepped in, instead of allowing the US economy to completely fail.

    Many economists agree that Bush and Obama government spending averted us from further economic downfall, even depression.

    Are you arguing we should have done nothing - leave monetary and fiscal policy in the toolbox and leave everything up to free markets?
    Last edited by Sanitas; 02-28-10 at 09:56 PM.
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  5. #175
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by Sanitas View Post
    What should we have relied on during the recession, then, if not fiscal policy?

    (Also, can you please clarify if you are opposed to government spending, tax cuts, or both?)

    To keep from over inflating our economy, we could not manipulate the money supply too much. Our interest rates were at (and are at) an all time low - near rock bottom. The Fed was scrambling to use all the tools they have to prop up the economy. So, the government stepped in, instead of allowing the US economy to completely fail.

    Many economists agree that Bush and Obama government spending averted us from further economic downfall, even depression.

    Are you arguing we should have done nothing - leave monetary and fiscal policy in the toolbox and leave everything up to free markets?
    I would have pursued tax cuts and spending cuts. Government spending always necessarily decreases how much money you get back for your labor. The proportion of your salary that you get to keep is proportional with how productive you will be. The more we get back for our work, the more we will work.

    Because the problem with a recession isn't insufficient demand. Insufficient demand isn't really a problem. The problem is that production has fallen. We should want production to rise. And I'm not talking about aggregate production, I mean production of things that people want. The government cannot know that, only entrepreneurs can experiment to figure that out. However, for that to happen, we need to free up resources from the large companies that are shedding money. Let them go bankrupt to free up capital for those that are trying to figure out what people want now.

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  6. #176
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by phattonez View Post
    Because the problem with a recession isn't insufficient demand. Insufficient demand isn't really a problem. The problem is that production has fallen. We should want production to rise. And I'm not talking about aggregate production, I mean production of things that people want.
    Um, why produce things if there's no demand for them? If there's no demand, how does one know what people want?

    Do you believe supply creates its own demand?

  7. #177
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by misterman View Post
    Um, why produce things if there's no demand for them? If there's no demand, how does one know what people want?
    Demand is 0 during a recession? Really?

    Do you believe supply creates its own demand?
    That's an over-simplification of Say's Law, because not all production is equal.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
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  8. #178
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by phattonez View Post
    Demand is 0 during a recession? Really?
    Didn't say that. Didn't say anything close to it.

    Why do you want to increase production without increasing demand? Why?

  9. #179
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by misterman View Post
    Didn't say that. Didn't say anything close to it.

    Why do you want to increase production without increasing demand? Why?
    Because if you increase consumption while ignoring production then production won't be able to keep up with it. You will get a crash.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  10. #180
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by phattonez View Post
    Because if you increase consumption while ignoring production then production won't be able to keep up with it. You will get a crash.
    Who said anything about ignoring production?

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