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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: yard_man who wrote (28544)2/7/2003 10:41:28 PM
From: EL KABONG!!!  Read Replies (1) of 74559
 
tippet,

Perhaps I'm incorrect, but I see the economists' suggestion as nothing more, nothing less than an endorsement of simple Keynesian economics.

While (personally) I am not an enthusiastic subscriber to the economic theories put forth by John Maynard Keynes, I recognize that there may be some short term, stimulative effects towards jump-starting an economy that is already in the doldrums, by selective government spending or monetary distribution.

I agree with your suggestion that the best thing to do is nothing, and let the business cycle run its course (which is what I think you implied) and let the chips fall where they may. (Debt defaults, equity bankruptcies, and a general reduction of over-capacity wherever it may occur...)

KJC

PS - Of course, we must all recognize that to do nothing is politically impossible... <g>
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