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

Voters
94. You may not vote on this poll
  • Agree, you can't (generally)

    42 44.68%
  • Disagree, you can (generally)

    52 55.32%
Page 25 of 26 FirstFirst ... 1523242526 LastLast
Results 241 to 250 of 255

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

  1. #241
    Devourer of Poor Children
    DrunkenAsparagus's Avatar
    Join Date
    Aug 2009
    Location
    DC
    Last Seen
    01-20-16 @ 04:07 PM
    Gender
    Lean
    Libertarian
    Posts
    4,496

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

    Quote Originally Posted by misterman View Post
    The government produced plenty with the stimulus bill. You didn't notice?
    Well seeing as we don't have an alternate universe to test out your theory the honest answer is, "We don't really know for sure"

    Quote Originally Posted by misterman View Post
    Well, yes, they do have experience in the private sector, but they aren't running businesses, they are running a government that has a strong influence on an economy. They need to understand government, and economics, something alot of people on this thread don't seem to understand much.
    The economy is something far too complex for even the most brilliant person or group of the most brilliant people in the world to manage effectively.
    "Doubleplusungood"

    George Orwell

  2. #242
    Sage
    misterman's Avatar
    Join Date
    Nov 2009
    Last Seen
    02-09-12 @ 08:41 AM
    Lean
    Undisclosed
    Posts
    12,913

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

    Quote Originally Posted by DrunkenAsparagus View Post
    Well seeing as we don't have an alternate universe to test out your theory the honest answer is, "We don't really know for sure"
    Sure we do. We can point to the bridges and roads and stuff.

    The economy is something far too complex for even the most brilliant person or group of the most brilliant people in the world to manage effectively.
    Maybe. But we have no choice but to try. No matter what the government does, or doesn't do, it affects the economy greatly.

  3. #243
    Devourer of Poor Children
    DrunkenAsparagus's Avatar
    Join Date
    Aug 2009
    Location
    DC
    Last Seen
    01-20-16 @ 04:07 PM
    Gender
    Lean
    Libertarian
    Posts
    4,496

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

    Quote Originally Posted by misterman View Post
    Sure we do. We can point to the bridges and roads and stuff.

    This is again the Broken Window Fallacy. Spending money somewhere doesn't necessarily help the economy because that dollar could be better spent at another place or time

    Quote Originally Posted by misterman View Post
    Maybe. But we have no choice but to try. No matter what the government does, or doesn't do, it affects the economy greatly.
    No we don't. Economies have extrordinary ability to repair themselves if people are left alone. Usually the government just makes the problem bigger or pushes the problem down the road (i.e. Post-WWII Keynsianism and Stagflation).

    The amount of good that the government can do for the economy is reletively small, and the amount of harm that it can generate is almost limitless

    Milton Friedman
    "Doubleplusungood"

    George Orwell

  4. #244
    Banned
    Join Date
    Sep 2005
    Location
    Chicago
    Last Seen
    04-02-15 @ 06:08 PM
    Gender
    Lean
    Libertarian
    Posts
    8,211

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

    Quote Originally Posted by misterman View Post
    That's the first intelligent objection I've seen on this thread.
    http://nobelprize.org/nobel_prizes/e...as-lecture.pdf

  5. #245
    Rockin' In The Free World
    the makeout hobo's Avatar
    Join Date
    Nov 2006
    Location
    Sacramento, CA
    Last Seen
    04-24-14 @ 06:58 PM
    Gender
    Lean
    Slightly Liberal
    Posts
    7,102

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

    Something to point out: Most savings these days are kept in banks. After the banking industry's near-collapse, most banks were just sitting on their money, refusing to spend it on anything. If the bank is taking money and lending it, it's being put to good use. If the bank is just sitting on it for security, it's not doing jack for the economy.
    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. #246
    Banned
    Join Date
    Sep 2005
    Location
    Chicago
    Last Seen
    04-02-15 @ 06:08 PM
    Gender
    Lean
    Libertarian
    Posts
    8,211

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

    Quote Originally Posted by the makeout hobo View Post
    If the bank is taking money and lending it, it's being put to good use.
    That's not always true. The housing bubble was the result of massive malinvestment.

  7. #247
    Rockin' In The Free World
    the makeout hobo's Avatar
    Join Date
    Nov 2006
    Location
    Sacramento, CA
    Last Seen
    04-24-14 @ 06:58 PM
    Gender
    Lean
    Slightly Liberal
    Posts
    7,102

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

    Quote Originally Posted by Ethereal View Post
    That's not always true. The housing bubble was the result of massive malinvestment.
    That's true. The financial industry was responsible for this crash in a lot of ways.
    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).

  8. #248
    Sage
    misterman's Avatar
    Join Date
    Nov 2009
    Last Seen
    02-09-12 @ 08:41 AM
    Lean
    Undisclosed
    Posts
    12,913

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

    Quote Originally Posted by DrunkenAsparagus View Post
    This is again the Broken Window Fallacy. Spending money somewhere doesn't necessarily help the economy because that dollar could be better spent at another place or time
    But it's NOT being spent, at all. That's why there is a recession.

    No we don't. Economies have extrordinary ability to repair themselves if people are left alone. Usually the government just makes the problem bigger or pushes the problem down the road (i.e. Post-WWII Keynsianism and Stagflation).
    Got evidence? (numbers?)

  9. #249
    long standing member
    justabubba's Avatar
    Join Date
    Dec 2005
    Last Seen
    Today @ 02:30 PM
    Gender
    Lean
    Independent
    Posts
    36,149

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

    Quote Originally Posted by the makeout hobo View Post
    Something to point out: Most savings these days are kept in banks. After the banking industry's near-collapse, most banks were just sitting on their money, refusing to spend it on anything. If the bank is taking money and lending it, it's being put to good use. If the bank is just sitting on it for security, it's not doing jack for the economy.
    yes and no
    after the meltdown, the banks were required to hold larger amounts of cash so that their balance sheets were not excessively leveraged
    so, part of the reason for the absence of domestic lending is legitimate and understandable

    however, the bailout reinfused the banks with (freshly printed) capital because the crisis was precipitated by lack of liquidity
    that reinfusion now allows the banks to make loans. however, they are able to make loans in china, or dubai, or israel, or south korea, places where the economic prospects are presently stronger than here at home, and where the returns on investment are higher
    so, the small and large businesses in those other nations are benefitting from the loans that are now made possible thru the taxes of the American wage earner

    makes you proud to be an American, doesn't it
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

  10. #250
    Banned
    Join Date
    Sep 2005
    Location
    Chicago
    Last Seen
    04-02-15 @ 06:08 PM
    Gender
    Lean
    Libertarian
    Posts
    8,211

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

    Quote Originally Posted by the makeout hobo View Post
    That's true. The financial industry was responsible for this crash in a lot of ways.
    I'm not saying they weren't partially responsible, but absent several government policies their irrational and excessive speculation would've been impossible.

Page 25 of 26 FirstFirst ... 1523242526 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •