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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (468779)4/3/2009 8:16:32 PM
From: SilentZ  Read Replies (1) of 1577829
 
>The point is that government intervention is almost ALWAYS presented as the "solution of first resort," not the "spender of last resort."

Depends on the situation. The latter has to do with economic stimulus when the other sectors of the economy stop spending.

>Once again, reasonable people can and do disagree on this. In this case, I do not believe that government ought to be spending where sectors of the economy don't keep up.

Then you really have no sense of basic economics.

>That feeds the whole "too big to fail" nonsense and supports institutions that should be allowed to die and make room for better ones.

I'm not talking about spending on bailing out industries. That's a whole different story, I'm talking about things like increased infrastructure spending during a downturn.

-Z
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