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Politics : View from the Center and Left
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To: Wharf Rat who wrote (148227)10/27/2010 12:34:55 PM
From: Steve Lokness   of 542449
 
Wharf Rat;

David Murphey;
Sooo, listening to what David said in the Oildrum interview, stimulus spending would be a rather fruitless endeavor? That the more you spend to stimulate the economy, the less the return on the investment as we push into higher oil prices. Catch 22 of sorts.

David also brings up the interesting idea that increasing GDP is perhaps not such a good thing - that just more more more is not better. I found his arguments refreshingly honest and thoughtful.

Steve
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