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. #211
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by ronpaulvoter View Post
    Ask yourself one simple question: If YOU were unemployed and had no income, would YOU max out every credit card and every other source of credit you have and spend it like crazy? Would that get YOU out of a recession?

    Now go sing, "...Another day older and deeper in debt..."
    actually, that would be the wise course of action if you were then putting those funds to productive use. if they were spent to operate a business enterprise which could be expected to become a net revenue generator.
    spending those borrowed funds up front to enable the business to prosper makes sense

    but i look forward to your explaining why that is incorrect
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  2. #212
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by ronpaulvoter View Post
    Ask yourself one simple question: If YOU were unemployed and had no income, would YOU max out every credit card and every other source of credit you have and spend it like crazy? Would that get YOU out of a recession?
    You clearly have very little knowledge of economics.

    Go read some basic descriptions of Keynesian theory. There are some on this thread.

    Ironically, though, alot of unemployed people are doing just that, and for some of them it's the wise thing to do. But that's another story.

  3. #213
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by ronpaulvoter View Post
    Ask yourself one simple question: If YOU were unemployed and had no income, would YOU max out every credit card and every other source of credit you have and spend it like crazy? Would that get YOU out of a recession?

    Now go sing, "...Another day older and deeper in debt..."
    Why should the government neccessarily operate the same as a private citizen. Apples and oranges, really.
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  4. #214
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    Re: You can't spend your way out of a recession

    The "haves" should be spending, it helps the "have less" or "have none" parts of the economy. I think it was during the Reagan administration that the term "trickle down" was first used. IT works, maybe not well, but it works. Money should be in circulation to be most effective....
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by UtahBill View Post
    The "haves" should be spending, it helps the "have less" or "have none" parts of the economy. I think it was during the Reagan administration that the term "trickle down" was first used. IT works, maybe not well, but it works. Money should be in circulation to be most effective....
    And the government spending money puts it into circulation. If they pay me to build a bridge, and I spend that money to buy a burger, that's money in circulation.
    The Makeout Hobo is real, and does indeed travel around the country in his van and make out with ladies... If you meet the Makeout Hobo, it is customary to greet him with a shot of whiskey and a high five (if you are a dude) or passionate makeouts (if you are a lady).

  6. #216
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by the makeout hobo View Post
    And the government spending money puts it into circulation. If they pay me to build a bridge, and I spend that money to buy a burger, that's money in circulation.
    And then when you're done building the pointless bridge, you get laid off because you're useless and wasting government money and they only hired you so they could say they were "stimulating" something anyways. Then you don't have much money from anyone, government or otherwise, to spend, and we're back to where we started. Excess government spending just delays the inevitable, while at the same time reducing productivity by taking potential jobs from the private sector without needing the cost calculating that private sector employers need.

  7. #217
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by Dav View Post
    And then when you're done building the pointless bridge, you get laid off because you're useless and wasting government money and they only hired you so they could say they were "stimulating" something anyways.
    No, you get a job because you spent the money you made, enabling other businesses to thrive, creating new jobs, etc.

    Then you don't have much money from anyone, government or otherwise, to spend, and we're back to where we started. Excess government spending just delays the inevitable, while at the same time reducing productivity by taking potential jobs from the private sector without needing the cost calculating that private sector employers need.
    You realize that the private sector built that bridge, right?

  8. #218
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by misterman View Post
    No, you get a job because you spent the money you made, enabling other businesses to thrive, creating new jobs, etc.
    That doesn't really change my point.


    You realize that the private sector built that bridge, right?
    Erm, no, not in this hypothetical scenario.

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

    It depends on where the money is coming from. If it's from an increase in the money supply, then there is no way you can spend your way out of a recession because nominal variables (money) have no long run impact on real variables (unemployment, real GDP).

  10. #220
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by Dav View Post
    That doesn't really change my point.
    Yes, it does, completely.

    Erm, no, not in this hypothetical scenario.
    Government employees never build bridges, even hypothetical ones. The government contracts out to private construction firms.

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