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Originally Posted by The Demon
Please give examples of years this happened because everytime the Government injected money into our economy on this level(only a few times), it only got worse. Keynesian economics don't work, especially when you're running a deficit of each kind. If you ran ANY type of surplus, it COULD work, so there's no point in discussing this.
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Great depression, it wasn't until they finally got of the pot and injected money like mad, stated injected for jobs, war jobs, etc... then it took off. It took a huge injection of money.
Before this the GD just slagged on, no stimulus, then a little, then a few big shots but nothing with any balls. Once they finally stood up and did it, it was over. Of course taxes have to go up to take that money back, can't bottle neck that flow.
Quote:
Originally Posted by The Demon
Of course they do. We are leaders in technology still. We just choose to be cheap and outsource jobs, which we didn't do as much in the 1950's. The economics of the 50's not only work, but prove that the system brought widespread prosperity to this country.
Supply Side economics(Austrian and some Classical) will always trump Demand Side Economics(keynesian) in terms of principles that work for this country.
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Exactly, it worked in the 1950's... nothing about it will work today though.
It's not about cheap... it's about smart business. I won't hire Americans either, why would I give out 2 or 3 times more money before insurance/taxes for the exact same results? No amount of tax cuts will ever change that and if they try to fine me through taxes, I will simply move my Company. The gov would have to give me a tax cut and pay me to hire Americans for it to benefit me...
American business and Americans need to learn that business isn't confined to our borders anymore, that business is actually a Global Economy and thinking our nation will ever go back to what it was, is pure silly.
The solution to our Economy is embracing new technologies and become the leaders in them, setting the standards, etc "without" bottle necking ourselves under stupid ass laws that other Countries aren't dealing with - like we did with the PC.