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. #221
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by Ethereal View Post
    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).
    That's the first intelligent objection I've seen on this thread.

  2. #222
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    Re: You can't spend your way out of a recession

    Keynesianism, depending on how well its done, can range from just fufilling Bastiat's broken window fallacy to just pushing problems further down the road. It all comes down from robbing Paul to pay Peter.

    While there are obvious needs and wants that virtually all of have like police upholding law and order, the economy is simply too diverse and quickly changing for a single entity like the government to take a massive role in without screwing up. Corrections allow the market to do away with doesn't work and replace it with what does. Big government usually keeps the status quo whether it is helpful or not.
    "Doubleplusungood"

    George Orwell

  3. #223
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by DrunkenAsparagus View Post
    Keynesianism, depending on how well its done, can range from just fufilling Bastiat's broken window fallacy to just pushing problems further down the road. It all comes down from robbing Paul to pay Peter.
    Not if you produce growth and get people working again. You don't have to rob Peter, he get's back to work and pays taxes again.

  4. #224
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by misterman View Post
    Not if you produce growth and get people working again. You don't have to rob Peter, he get's back to work and pays taxes again.
    Where did the money to pay him come from originally?
    "Doubleplusungood"

    George Orwell

  5. #225
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by DrunkenAsparagus View Post
    Where did the money to pay him come from originally?
    The government. So he get's back to work, and his spending gets other people back to work, and so on, and the economy is rolling again, and they all pay more taxes and pay back the money that was spent in the first place.

  6. #226
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    Re: You can't spend your way out of a recession

    It is easy to take chances and to gamble on positive future outcomes, --when it is somebody elses' money.
    "Don't be particular bout nothin, but the company you keep"

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

    Quote Originally Posted by misterman View Post
    The government. So he get's back to work, and his spending gets other people back to work, and so on, and the economy is rolling again, and they all pay more taxes and pay back the money that was spent in the first place.
    The government is only taking money out of the economy to regurgitate it somewhere else, probably where it's not needed. It's like trying to lift yourself by pulling up on your shoelaces.
    "Doubleplusungood"

    George Orwell

  8. #228
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    fyi Re: You can't spend your way out of a recession

    Why just today, I bought a few more items that I could not afford, nor had any way of paying for in the future. I should be in great financial shape in no time flat. Maybe a new Big Screen tomorrow will do the trick.
    "Don't be particular bout nothin, but the company you keep"

  9. #229
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by Skateguy View Post
    It is easy to take chances and to gamble on positive future outcomes, --when it is somebody elses' money.
    Yes. We could just wait and do nothing too, and hope things recover eventually - that's also a gamble.

  10. #230
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by Skateguy View Post
    Why just today, I bought a few more items that I could not afford, nor had any way of paying for in the future. I should be in great financial shape in no time flat. Maybe a new Big Screen tomorrow will do the trick.
    You are making the very common mistake of comparing an average household to the government of the U.S. They aren't the same thing.

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