Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Little Joe who wrote (99515)	7/8/2009 3:22:19 PM
From: Steve Lokness	Read Replies (1) of 116555

lj; It doesn't matter what we spend money on, it will stimulate the economy and provide jobs, which is proven false by the argument that if we employ 50% of the unemployed digging holes and the other 50% filling them up, we will return to prosperity. Sooo, now that Austrian rules have already been violated - what should we do? As Mish tells us people will be unemployed because the credit bubble and I suspect they will be unemployed for a long time. But that was all set in motion in the Bush administration (and before). Only time will correct - no? So we can keep the people fed so they don't turn into bands of Hooverville miscreants running rampant in the streets looking for food to feed their families - or we can put some of them to work. Not digging holes, but doing those things that every government short of Somalia does - like build roads or sewer lines or whatever. Not built by government, but built by corporate America with government money. Then some of these people will buy food and buy medicine and turn over dollars rather than the constant drain of public assistance. steve

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