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Politics : View from the Center and Left
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To: Steve Lokness who wrote (105570)3/6/2009 10:50:23 AM
From: Sam  Read Replies (1) of 540990
 
The mess we are in now was created by too much stimulation - not a lack of it.

I would say, it was the "wrong kind" of stimulation more than "too much" of it. Building houses is a good thing--as long as it isn't overbuilding based on absurd valuations relative to income and overall wealth. And of course, unrealistically low interest rates.

That may be more of a quibble than outright disagreement. But it is important to get it right, because if we don't, we may be against a broad stimulation even if it is the "right" kind.
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