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 : Mish's Global Economic Trend Analysis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: koan who wrote (95689)3/25/2009 2:42:45 PM
From: Elroy Jetson  Read Replies (1) of 116555
 
The point is not that you should not distribute welfare during inevitable recessions and economic depressions,

but rather that you cannot create an economic recovery by increasing welfare payments to match the amount of GDP which has been lost in the downturn.

The primary purpose of an economic downturn is to deleverage the economy relative to incomes. To the extent that this does not occur, the downturn has merely been postponed and made worse.
.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News