Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Don Lloyd who wrote (8019)	8/30/2001 7:16:55 PM
From: Maurice Winn	Read Replies (1) of 74559

Don, of course I agree with you. But whatever it's called, trustee or government [which is the trustee of the electorate], the government decides whether to spend it or not or cut taxes or reduce debt. The Germans already decided to waste a whole lot of it on some dumb train idea. Although I dislike government wasting money, I'd rather the electorate get their paws on it than the shareholders [or more likely just the managers] of the crony capitalist buddies of the politicians. Now that I think about it, the money wouldn't go to the shareholders of the lucky company. The money would be blown by inflated management spending on themselves. They would enjoy huge government-granted profits so the managers would reward themselves by spending up large. I prefer that politicians waste it on dumb ideas which at least usually have some public good attached [if only as camouflage]. At least if the government has the money, the electorate might get a few crumbs in vote-buying popular spending such as trains in Germany. Mqurice

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