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 : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: combjelly who wrote (456770)2/15/2009 10:22:13 PM
From: Joe NYC  Read Replies (2) of 1575994
 
cj,

If you can't see how pumping dollars into the system won't heat it up, well any economics classes you took were wasted. The reason why this should be a last resort should be obvious, you are priming for inflation.

A happy coincidence is that we are in the middle of a deflation.

The problem with this priming of the economy is 2-fold:
- there is a huge leak - imports
- there is a problem on the other end - where the money comes from (borrowing while there are little to no savings) - meaning we are importing the capital

So we are mainly stimulating economy of China, while adding on debt on backs of the US taxpayers.

I think the way to stimulate the US economy is by encouraging domestic production and discouraging consumption of imported goods. Shifting taxation from production to consumption (joining the rest of the world) would be a step in the right direction. Borrowing from abroad in order to buy more imports is not.

Joe
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