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.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: forceOfHabit who wrote (71673)10/11/2006 11:34:43 PM
From: Fiscally Conservative  Read Replies (1) of 110194
 
Interesting Point:

"Second: inflate the hell out of the dollar. How? Print money! How to inject it into the economy? Simple! Make work projects. Build another Hoover Dam. Build bridges and highways to nowhere. Give work and pay wages to all those over-leveraged, bankrupt real estate bubble losers and unemployed youth. Its the compassionate thing to do. Not Welfare but Workfare! Plus, expand the armed forces - ideal make work project, plus we might have an increased need to "keep the peace"."

Some would think President Bush has solid business and economics training having earned a Master's in Business from Harvard Business School. And others seem to think Bush appears to be baseing his budget proposal on Keynesian economics;the economic theories of the British economist John Maynard Keynes (1883-1946).
Keynes published his book "The General Theory of Employment, Interest, and Money" in 1936, during the Great Depression (of 1930-1940). Keynes basicly threw out past economic theory as garbage, and said that governments can help a country recover from a recession or depression by a monetary and fiscal policy. During a recession or depression, Keynes said that a government should not worry about budget deficits, in fact by Government spending to create jobs and public works projects and deliberately running large deficits the country can be pulled out of the recession or depression.

Granted,this is almost exactly what the Bush team has done the last four years;running large deficits. Now this economy is staring down the very real prospects of yet another recession. This time the gurus with their crystal balls are foretelling a 'consumer driven recession'. Many felt the last recession in 2001 was 'business driven',or corporate blight. I wonder,how might a hypothetical consumer driven recession differ this time around from the recession of 2001 ?
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