But C, it hasn't been done. Taxpayers haven't had the huge tax cuts. If they get the money, they'll spend it! Also, Uncle Al can really turn on the spigots to feed King George II's imperial plans.
I know Chairman Green$pan says deficit financing isn't good, but if it stops deflationary stampedes, it'll be fine enough. Green$pan doesn't think things are anywhere near that bad, so he's not going to encourage either tax cuts or government spending at present. He's done a great job so far, the economy's zooming along, not even in recession [though of course the unemployed and those with grossly reduced financial positions are extremely unhappy and won't believe it].
I'm expecting a boom, not a bust. Starting with new-style stuff, not the industrial revolution and 20th century artifacts. You should see our setup here - notebook puters, ADSL, cyberspace, money flowing through cyberspace, tourists arriving, web sites, me writing this right now, software outsourcing done right here for UK businesses, telephone conference calls to run global businesses. It's a new world.
Mqurice |
