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Politics : Formerly About Advanced Micro Devices

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To: Tenchusatsu who wrote (487958)	6/14/2009 7:38:47 PM
From: combjelly	Read Replies (1) of 1573904

"A liquidity trap is the result of "doing something," not doing nothing." Not necessarily. A liquidity trap can come about by monetary policy, but it also is a natural result when investment stops. "I've seen more cases of government rewarding mediocrity and unproductivity than cases where government has successfully stimulated economic growth." Like? "Politics will ensure that the massive spending we're undertaking to jump-start the economy will NEVER go away, a fact that even guys like Krugman seem to deny." They deny it because it isn't true. We can run a large deficit this year without inflation. Possibly next year, depending on what the economy does. After that, no unless we are in really deep trouble. But high inflation is politically unsustainable. So yeah, spending will be throttled back.

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