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. #41
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by phattonez View Post
    You'd believe that government can smooth out business cycles only if you ignore that government creates business cycles.
    And you can back this up? Using a theory from an economic school of thought that cannot even explain how businesses emerge/function within the economy?

    Good luck! You are going to need it! If you can achieve this, they will call it the mises/toney institute....
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  2. #42
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by phattonez View Post
    You'd believe that government can smooth out business cycles only if you ignore that government creates business cycles.
    No it doesn't. PEOPLE create booms and busts through irrational exuberance and irrational panic. Government can definitely egg them on and/or hit the brakes, but government doesn't create the economic cycle. Every country in the world has booms and busts regardless of what kind of government they have.
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  3. #43
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by Scarecrow Akhbar View Post
    And then the argument is that, in prosperous times, the government is cruel if it doesn't spend more to help the "unfortunate".
    There are a lot more "unfortunates" during recessions than there are during booms.

    Quote Originally Posted by Scarecrow Akhbar
    Precisely when is cutting government spending allowed under socialist/progressive economic theory?
    We can probably cut spending in 2011, assuming the economic recovery continues. We won't have to spend as much on unemployment insurance, medicaid, economic stimulus, or bailouts...and we'll have a larger tax base upon which to get revenue.
    Last edited by Kandahar; 02-15-10 at 05:32 PM.
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  4. #44
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by Kandahar View Post
    There are a lot more "unfortunates" during recessions than there are during booms.
    Which can only be a deliberate evasion from the point made.

    Quote Originally Posted by Kandahar View Post
    We can probably cut spending in 2011, assuming the economic recovery continues. We won't have to spend as much on unemployment insurance, medicaid, economic stimulus, or bailouts...and we'll have a larger tax base upon which to get revenue.

    We can cut spending now.

    But we won't.

    We can certainly cut spending in 2011.

    But it won't happen.

    Not until we start lining Progressive legislators up against the wall and giving them lots of extra holes.

  5. #45
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by Goldenboy219 View Post
    However, i never see any instances of positive analysis in which your opinion is validated.
    You never see anything you're not told to heed.

    So what's your point?

  6. #46
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by Scarecrow Akhbar View Post
    Which can only be a deliberate evasion from the point made.
    Your point was that some people think that it's cruel not to help the poor, no? Even if that's true, it costs a lot less to help 10 million poor people than it does to help 25 million poor people.

    Quote Originally Posted by Scarecrow Akhbar
    We can cut spending now.

    But we won't.

    We can certainly cut spending in 2011.

    But it won't happen.
    I already explained where we can save money: Unemployment insurance, medicaid, economic stimulus, and bailouts. This, of course, assumes that the economy continues to recover.

    Quote Originally Posted by Scarecrow Akhbar
    Not until we start lining Progressive legislators up against the wall and giving them lots of extra holes.

    Yeahhhhhhh.....probably not a good idea to make death threats against congressmen on the internet, dude.
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  7. #47
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by Kandahar View Post
    No it doesn't. PEOPLE create booms and busts through irrational exuberance and irrational panic. Government can definitely egg them on and/or hit the brakes, but government doesn't create the economic cycle. Every country in the world has booms and busts regardless of what kind of government they have.
    Come on now, you have to admit that the government had a large hand in creating the housing boom/bust.
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  8. #48
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by Scarecrow Akhbar View Post
    We can cut spending now.

    But we won't.

    We can certainly cut spending in 2011.

    But it won't happen.

    Not until we start lining Progressive legislators up against the wall and giving them lots of extra holes.
    Republican legislators are no better, that's the problem. Maybe we just need to shoot 'em all and try again?
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  9. #49
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by Goldenboy219 View Post
    And you can back this up? Using a theory from an economic school of thought that cannot even explain how businesses emerge/function within the economy?

    Good luck! You are going to need it! If you can achieve this, they will call it the mises/toney institute....
    Wow. Have you ever read anything from that school? Seriously, anything?

    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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  10. #50
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by Kandahar View Post
    No it doesn't. PEOPLE create booms and busts through irrational exuberance and irrational panic. Government can definitely egg them on and/or hit the brakes, but government doesn't create the economic cycle. Every country in the world has booms and busts regardless of what kind of government they have.
    Everyone fails at the same time? How is that even possible? What is the cause of systemic failures in the marketplace?

    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

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