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Politics : View from the Center and Left
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To: Steve Lokness who wrote (61718)4/25/2008 1:03:57 PM
From: Lane3  Read Replies (1) of 541761
 
Can you give me some examples of how to fix the economy that don't cost?

As I mentioned earlier, monetary policy has long been the first tool out of the recession toolbox. Time is another biggie. No spending at all required to get time to pass and the cycle play out. Psychological rejiggering and jawboning are also cost free.

You can increase trade through treaties or identifying and promoting business opportunities abroad. You can reduce unemployment through immigration enforcement. You can stimulate business investment by reducing selective regulation and other burdens and obstacles. In some arenas you can increase supply of resources to reduce costs and stimulate spending. There are lots of steps. These are quick and off the top of my head. They all cost little to nothing, are very cost effective. There's no significant outflow from the Treasury.

Buying jobs through reconstruction projects or subsidizing them through taxes is way down on the cost-effectiveness scale. The former particularly has the big disadvantage of major lag time. The quicker the action, if action is to be taken at all, the better the results. Not saying we "shouldn't" do that. Only suggesting that it's one tool among many and low in cost effectiveness and timeliness.
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