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. #31
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    Re: You can't spend your way out of a recession

    Depends on who "you" is. If you're talking about direct consumers, then absolutely, that's the only way out of a recession. If you're talking about the government blindly throwing money at people, that's a complete waste of time (and money).
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    Re: You can't spend your way out of a recession

    Of course the government can't spend it's way out of recession. Never has, never will.

    Can a family spend it's way out of debt?

    Nope.

    Why not?

    Because it costs money to borrow money.

    Duh.

  3. #33
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by Kandahar View Post
    That's exactly what government spending during a recession does. It smooths out the economic cycle (i.e. a gradual rate of growth that won't lead to busts). I'd much rather have high spending / low taxes during a recession, and low spending / high taxes during a boom...instead of government policies that are completely divorced from economic conditions.
    You'd believe that government can smooth out business cycles only if you ignore that government creates business cycles.

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

    Quote Originally Posted by Kandahar View Post
    Even when the market figures it out on its own, it does so by spending more money. Government spending can end the recession faster. It's absolute madness for the government to tighten its belt during a recession, as that deprives the economy of public spending when private spending has already ground to a halt. The government needs to spend MORE during a recession.
    And then the argument is that, in prosperous times, the government is cruel if it doesn't spend more to help the "unfortunate".

    Precisely when is cutting government spending allowed under socialist/progressive economic theory?

  5. #35
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by Dav View Post
    Even welfare spending? Paying people to be less productive will help the economy?
    Especially welfare spending!
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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

    Quote Originally Posted by kaya'08 View Post
    Somebody change my vote to Disagree, my bad.

    Look, recessions are the result of a lack of money. If consumers dont spend, somebody has to fill the gap until the market equilibrium of demand/supply comes back.
    Why?

    Who is this someone, and why should they be taking people's money to spend when the people have every freedom of their own to spend their money?

    If it is the people's money it's their choice to spend or not, isn't it?

    Quote Originally Posted by kaya'08 View Post
    This can be a controversial question for many reasons. Some people would disagree with me, and in some respects i agree with there oppositions, but when it falls down to it a government needs to draw a line on where spending and borrowing starts and where it finishes in a recession. Governments, especially big ones, tend to forget to draw the line where it ends, but never forget to draw the line where it starts.
    Governments are the cause of recessions, or at least the reasons they expand nation-wide and globally, and why they last so long.

    Getting government out of the business of tinkering with the economy will be a good thing.

  7. #37
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by Scarecrow Akhbar View Post
    Why?

    Who is this someone, and why should they be taking people's money to spend when the people have every freedom of their own to spend their money?

    If it is the people's money it's their choice to spend or not, isn't it?

    Governments are the cause of recessions, or at least the reasons they expand nation-wide and globally, and why they last so long.

    Getting government out of the business of tinkering with the economy will be a good thing.
    Why the constant desire to make it a moral argument? I see zero positive analysis to back up your normative rant.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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

    Quote Originally Posted by obvious Child View Post
    Both. But primarily government. Some users here think that government spending cannot end a recession.

    I present China right now as evidence they are wrong.
    China's nice.

    In the United States, government spending does not end recessions.

    The Messiah's monumental deficits won't end this recession.

    Recessions end when people renew their confidence in their economy, their banks, and government. The Messiah's outlandish socialist plans that just don't work aren't going to instill confidence in the consumers.

    That's all there is to that.

    What ends recessions in the United States is the government getting the flock out of the way and letting freedom work. Unfortunately, the Messiah is opposed to freedom, too.

  9. #39
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by Goldenboy219 View Post
    Why the constant desire to make it a moral argument? I see zero positive analysis to back up your normative rant.
    Stealing money from people is an immoral act. Ergo, discussions about government stealing billions and trillions of dollars from the people and their great grand children is an immoral act that must be discussed in the context of the immorality of the act as well as the historical failure of the act to produce the results the promoters of the immoral act falsely attribute to it.

    ONLY in times of true national emergency, when the survival of the nation itself it at risk, (and that means "war" and only "war", people) should deficit spending ever be contemplated. Period. A simple recession? They fix themselves, and the government should be focused on doing one job, and only one job, that of protecting the freedom of the people.

    The government can't be protecting the people's freedom when it's stealing the people's money, which is precisely what it does when it embarks on "projects" of spending someone else's money merely to manipulate economic trends.

    This current recession could not have happened but for long term government interference in the market, beginning with FDR's FHA. To presume that the incompetent government that had too much power and got us into this mess is the only institution that can get us out of it...if it had more power, is most convenient for some groups, but not wise if the people wish to retain what little freedom they have left.

    By all means, the morality of government interference in the marketplace, all aspects of government interference, must be examined carefully.

  10. #40
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by Scarecrow Akhbar View Post
    Stealing money from people is an immoral act. Ergo, discussions about government stealing billions and trillions of dollars from the people and their great grand children is an immoral act that must be discussed in the context of the immorality of the act as well as the historical failure of the act to produce the results the promoters of the immoral act falsely attribute to it.

    ONLY in times of true national emergency, when the survival of the nation itself it at risk, (and that means "war" and only "war", people) should deficit spending ever be contemplated. Period. A simple recession? They fix themselves, and the government should be focused on doing one job, and only one job, that of protecting the freedom of the people.

    The government can't be protecting the people's freedom when it's stealing the people's money, which is precisely what it does when it embarks on "projects" of spending someone else's money merely to manipulate economic trends.

    This current recession could not have happened but for long term government interference in the market, beginning with FDR's FHA. To presume that the incompetent government that had too much power and got us into this mess is the only institution that can get us out of it...if it had more power, is most convenient for some groups, but not wise if the people wish to retain what little freedom they have left.

    By all means, the morality of government interference in the marketplace, all aspects of government interference, must be examined carefully.
    You can rant to your hearts desire. However, i never see any instances of positive analysis in which your opinion is validated.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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