SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Politics for Pros- moderated
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Lane3 who wrote (101680)2/22/2005 8:07:36 PM
From: kech  Read Replies (1) of 793731
 
You should tell your friend who is angry about Bush's statement about spending the taxcuts to go look at an elementary textbook on Keynesian economics. That is the most basic way in which fiscal stimulus helps to get out of a recession. If people saved the tax cuts then they would not have had the desired effect. A couple of years ago we were almost in the famed "liquidity trap", similar to early 1930's where monetary policy, i.e. cutting interest rates, has no effect. In those situations, government spending or tax cuts (that are spent) has to pick up the slack.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News