Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: waverider who wrote (2908)	11/3/2001 6:05:13 PM
From: Will Lyons	Read Replies (1) of 99280

The real enemy is ignorance! Consumers can not spend us back to prosperity Investors will only bid up existing assets [bubbles] rather than create new ones [and jobs and prosperity] as long as final demand is insufficient to provide profitable opportunities Leape in technology [steam engine, electricity, etc] could do it but we should not stand around and wait for something to come up the private sector is only interested in profit and not in managing the total economy! This leaves the government as the only locomotive left to pull the economy up Govenment investment in infrastructure not only has a multiplying effect but also raises the marginal efficiency of investment The huge expenditures for WW II and the Marshall Plan licked the great depression HR 380 after the War set up the council of economic advisers and the employment act which was supposed to set the stage for the government to maintain the level of employment. The original bill was called the 'Full Employment Act ' but congress knocked the full out of it. We should realize that the tug of war between the business of maximizing profits vs the public interest in prosperity and full employment is counterproductive. Business will profit even more in a prosperous economy and , therefore, should endorse government spending for infrastructure and programs for public benefit,

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