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Does governnent spending produce economic growth?

Does governnent spending produce economic growth?


  • Total voters
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Printing more dollars only reduces value if they are chasing more goods than are available. Last time I checked, Walmart had plenty of stuff on it's shelves.

Yes because printing has worked so well for Argentina and Venezuela.
 
...Japan has followed thw Keynesian Fiscal stimulus plan tpoo the letter and they're screwed.

In what world is a 3.5% unemployment rate "screwed"? I only wish the US was that "screwed".

When a nation is at the full employment level, GDP can't increase faster than the level of productivity increases which is created by technological improvements, thus the growth rate will be fairly small.
 
Yes because printing has worked so well for Argentina and Venezuela.

I dunno anything about Argentina, but Venezuela is a communist country that isn't particularly productive outside of it's oil sales.

Anyhow, no one ever said that our government can print an unlimited amount of money without having inflation. A government can only print as much money which can be matched by increases in production. When the unemployment rate is above the full unemployment level, there is plenty room for printing, and when productivity is increasing, there is room for printing.
 
In what world is a 3.5% unemployment rate "screwed"?

When a nation is at the full employment level, GDP can't increase faster than the level of productivity increases which is created by technological improvements, thus the growth rate will be fairly small.

Nonsense, they're debt service is over 40 percent of their total budget outlays right now and the only creditors that are buying their debt is the BoJ.

Their Banks are propped up ( Zombie Banks ) and they're targeting the discretionary income and savings of their own citizens by devauling their currency down to nothing.

Unemployment rates alone dont make a healthy economy and niether does GDP.

Try and offer up a HONEST evaluation next time instead of trying to cover your ass ideologically.
 
The problem with the counter you are offering is that dollars do not have intrinsic value - they are representative stores of value for which demand fluctuates. When you print a dollar, you reduce the value of all other dollars, meaning that creating dollars is simply a tax on current dollar holders.

I see. So kindly explain how the US printing $7 trillion for the banks caused the value of the dollar to increase 20%? I'll wait.
 
I dunno anything about Argentina, but Venezuela is a communist country that isn't particularly productive outside of it's oil sales.

Anyhow, no one ever said that our government can print an unlimited amount of money without having inflation. A government can only print as much money which can be matched by increases in production. When the unemployment rate is above the full unemployment level, there is plenty room for printing, and when productivity is increasing, there is room for printing.


Venezuela Nationalized almost every significant industry just 14 short years ago.

Since then productivity in ALL other Financial sectors INCLUDING Oil has dropped considerably.

To offset budget shortfalls they borrowed and borrowed ( sound familiar ? ) until no creditor in theiir right mind would give them another penny.

You people claim debt doesn't matter, that a Nation with its own sovereign currency can just print away. Well thats what they've done and now they have the Highest inflation rates in the world.
 
Because Tea Partiers have caused so much financial and economic damage over the last 6 years with all their new legislation and Executive orders.....

Lol.

The tea party has been attempting to control the reasonable portion of the republican party, and yes, they have caused economic damage.
 
Nonsense, they're debt service is over 40 percent of their total budget outlays right now and the only creditors that are buying their debt is the BoJ.

Their Banks are propped up ( Zombie Banks ) and they're targeting the discretionary income and savings of their own citizens by devauling their currency down to nothing.

Unemployment rates alone dont make a healthy economy and niether does GDP.

Try and offer up a HONEST evaluation next time instead of trying to cover your ass ideologically.

The most important thing is unemployment.

People who don't have any money really could care less about debt service or propped up banks, etc. And you do realize that the inflation rate in japan has been averaging just about 0% during the past five years or so don't you?

If you HONESTLY believe that a nation with zero debt, and nothing "propped up", but which has 50% unemployment is doing well, then you must be from an alternate universe. That debt stuff is simply accounting issues.
 
The tea party has been attempting to control the reasonable portion of the republican party, and yes, they have caused economic damage.

No they have not.

Be specific. How exactly have they caused economic damage.
 
8 Trillion in the last 6 years not including 5 Trillion that is kept off the books from the bankruptcy of Fannie and Freddie.

Its not 30 years ago, its 2015 and after 8 Trillion in new debt in 6 years, massive spending and " Stimulus " to increase aggregate demand we still have a record 92 Million people who are of working age not employed and ALLOT of new part time low paying jobs.

Disability rates have doubled and food stamp use has increased 40 percent. Poverty rates have increased and the Middle class is shrinking.

It DOESN'T WORK, Japan has followed thw Keynesian Fiscal stimulus plan tpoo the letter and they're screwed.
:lol:

:scared:

:lol:

You're so worked up you aren't even responding directly. You're just. :scared:

:lol:
 
8 Trillion in the last 6 years not including 5 Trillion that is kept off the books from the bankruptcy of Fannie and Freddie.

Its not 30 years ago, its 2015 and after 8 Trillion in new debt in 6 years, massive spending and " Stimulus " to increase aggregate demand we still have a record 92 Million people who are of working age not employed and ALLOT of new part time low paying jobs.

Disability rates have doubled and food stamp use has increased 40 percent. Poverty rates have increased and the Middle class is shrinking.

It DOESN'T WORK, Japan has followed thw Keynesian Fiscal stimulus plan tpoo the letter and they're screwed.

To Libs, that is success.

Just listen to them.

It must be sad to support, defend and foment such a perverted ideology. I have no idea how they look their mugs in the mirror in the morning, knowing they are living a lie and saddling future generations with a massive mess.

Talk about greed... amazing.
 
The most important thing is unemployment.

People who don't have any money really could care less about debt service or propped up banks, etc. And you do realize that the inflation rate in japan has been averaging just about 0% during the past five years or so don't you?

If you HONESTLY believe that a nation with zero debt, and nothing "propped up", but which has 50% unemployment is doing well, then you must be from an alternate universe. That debt stuff is simply accounting issues.

Nonsense.

Greece had low unemployment when the grew their public sector to unsustainable levels and borrowed money to pay for it all.

Problem was there are real and substantial consequences to keeping everyone employed through printing and borrowing.

Look, there's this pretend hypothetical concept pushed forward by people who buy into MMT and then there's reality.
 
:lol:

:scared:

:lol:

You're so worked up you aren't even responding directly. You're just. :scared:

:lol:

Everyone of my post is related to the OP including the one you just spammed
 
Venezuela Nationalized almost every significant industry just 14 short years ago.

Since then productivity in ALL other Financial sectors INCLUDING Oil has dropped considerably.

To offset budget shortfalls they borrowed and borrowed ( sound familiar ? ) until no creditor in theiir right mind would give them another penny.

You people claim debt doesn't matter, that a Nation with its own sovereign currency can just print away. Well thats what they've done and now they have the Highest inflation rates in the world.

Thanks for educating me about Venezuela. We have nothing in common with Venezuela then.

Inflation in Venezuela is clearly due to declining productivity (which is probably because of communism). We don't have such a problem, and we are not communist. Nor is anyone contributing to this thread advocating for reducing productivity or becoming communist.
 
How does one person starting a business prevent growth?

What does starting a business have to do with the government taking from one group and giving it to another group?
 
:lol:

:scared:

:lol:

You're so worked up you aren't even responding directly. You're just. :scared:

:lol:

You provide Libs hard numbers and recent historical references and they claim you're not "responding directly"!!!

It reminds me of the joke about the Lib in the hot air balloon...

A woman in a hot air balloon realized she was lost. She lowered altitude and spotted a man in a boat below. She shouted to him, "Excuse me, can you help me? I promised a friend I would meet him an hour ago, but I don't know where I am."

The man consulted his portable GPS and replied, "You're in a hot air balloon approximately 30 feet above a ground elevation of 2,346 feet above sea level. You are 31 degrees, 14.97 minutes north latitude and 100 degrees, 49.09 minutes west longitude."

She rolled her eyes and said, "You must be a Republican."

"I am," replied the man. "How did you know?"

"Well," answered the balloonist, "everything you told me is technically correct, but I have no idea what to make of your information, and I'm still lost. Frankly, you've not been much help to me."

The man smiled and responded, "You must be a Democrat."

"I am," replied the balloonist. "But how did you know?"

"Well," said the man, "You don't know where you are or where you're going. You've risen to where you are due to a large quantity of hot air. You've made a promise that you have no idea how to keep, and now you expect ME to solve your problem. You're in EXACTLY the same position you were in before we met, but somehow, now, it's MY fault.
 
Thanks for educating me about Venezuela. We have nothing in common with Venezuela then.

Inflation in Venezuela is clearly due to declining productivity (which is probably because of communism). We don't have such a problem, and we are not communist. Nor is anyone contributing to this thread advocating for reducing productivity or becoming communist.

Wow, you said you were educated....

I guess not. Productivity declined l in all sectors LONG before inflation kicked in.

What caused their inflation to shoot to the highest rates in the world is the fact that they started printing massive amounts of new currency.

They started printing because their debt reached unsustainable levels, they burned their creditors, ( sesems to be the Progressive thing to do ) and now no one with any sense will lend them a dime.


Nothing has changed in the real world. In the MMT alternative Universe printing and borrowing grows the economy. But ofcourse its all BS.
 
I think the real issue conservatives have with the way the government handles the economy is one of ethics. Liberal economics is many times unethical because it concerns itself with growth before people, so in short, it basically uses individuals for economic growth. For me, I happen to agree that ethics should be a part of economics, and the government shouldn't just use people and their property to get the results it wants.
 
What does starting a business have to do with the government taking from one group and giving it to another group?

I dunno.

In the OP, the person said that they were starting a business and noticed an uptick in sales during tax refund season. Someone responded with some non-sense about government taking from one group and giving it to another.
 
I dunno.

In the OP, the person said that they were starting a business and noticed an uptick in sales during tax refund season. Someone responded with some non-sense about government taking from one group and giving it to another.

His point was about government spending which tax refunds are not.

Does government spending cause growth when the money is taken from one place and put another?
 
Does government spending cause growth when the money is taken from one place and put another?

Yes, many times that is how it works.
 
"Well," said the man, "You don't know where you are or where you're going. You've risen to where you are due to a large quantity of hot air. You've made a promise that you have no idea how to keep, and now you expect ME to solve your problem. You're in EXACTLY the same position you were in before we met, but somehow, now, it's MY fault.

One of my favorite parts of liberal economics is that they love to create bubbles in all areas of the economy and then bitch and moan it's all the capitalists fault when the bubble pops. :lamo

Yes, it's my fault you don't understand what you're doing and you created a bubble. Yes, yes, that is totally my fault. Get lost.
 
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