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. #1
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    You can't spend your way out of a recession

    Agree or disagree?
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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

    Completely disagree. In fact, spending is the ONLY way to get out of a recession. A recession is pretty much defined by the lack of spending.
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by Kandahar View Post
    Completely disagree. In fact, spending is the ONLY way to get out of a recession. A recession is pretty much defined by the lack of spending.
    I don't know about only. The market in theory should figured itself out and end a recession. It just is going to take a long, long time.

    But anyone who says you can't merely needs to look at China right now to see they are wrong.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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

    Quote Originally Posted by obvious Child View Post
    I don't know about only. The market in theory should figured itself out and end a recession. It just is going to take a long, long time.
    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.
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  5. #5
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    Re: You can't spend your way out of a recession

    Truthfully it depends on the reason behind the recession, how much saving the country has that is experiencing the recession and a few other issues

    A country that is in a recession that has very little saving, or is deeply in debt then spending your way out of a recession is futile as the recession will just reappear when the country can no longer borrow money

    If the country has a high savings rate then yes, it can spend its way out of a recession

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

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

    Quote Originally Posted by obvious Child View Post
    Agree or disagree?
    Disagree, both Austrian and Keynesian schools know that you have to spend to get out of a recession.
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    Re: You can't spend your way out of a recession

    Are you talking exclusively about government spending here, or spending in general?

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

    As for consumers; just be careful you can cover your arse when you buy things or borrow things. If we do that collectively, we can avoid recessions altogether
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  10. #10
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by Dav View Post
    Are you talking exclusively about government spending here, or spending in general?
    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.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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