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Politics : American Presidential Politics and foreign affairs
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To: Peter Dierks who wrote (30773)12/29/2008 12:16:19 PM
From: TimF  Read Replies (1) of 71588
 
If just having the government spend money on anything amounts to "an effective stimulus" than military spending would be such a stimulus, but I'm skeptical about the first part.

I oppose any additional large new stimulus by government spending effort. To the extent that any type of stimulus might be useful, tax cuts are more likely to be useful. I'm even skeptical about them (not in general, but as a stimulus, using them to try to tune the economy as part of government policy), but at least they would allow people to spend the money on what they want to spend it on, rather than increasing the amount that government policy decides what is produced.
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