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 : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 379.87+0.4%Nov 11 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TobagoJack who wrote (43093)11/25/2008 11:34:36 PM
From: David  Read Replies (2) of 217705
 
"3. Fiscal stimulus will be the only path that leads to a significant recovery. The real choice is how this takes place.

a. One plan is to spend on infrastructure as China has proposed. This is straight out of the playbook of lessons from the great depression. Unfortunately, while this may be useful (these projects may create net wealth) it will not work as well as hoped in the US because our economy has changed so much over the last 70 years. In the 30's we had specialized physical capital (factories)and non-specialized labor (semi-skilled workers) idle because of the depression. Public works projects could employ productively this semi-skilled labor. With the multiplier effect, their consumption expenditures stimulated demand across the board. By contrast this major recession releases far more specialized labor and far less specialized capital. Public works cannot productively use this labor since their human capital is so mismatched to the jobs. We would suffer a huge opportunity loss by expecting this to work."

I vote for a Trans-Galactic Battle Cruiser - think of the spinoff benefits, employ those skilled people, save the military industrial complex, celebrate the International Year of Astronomy. I was thinking Inter-Galactic but that might be a bit of a stretch.
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