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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: RMF who wrote (71409)9/10/2009 1:08:23 PM
From: TimF1 Recommendation  Read Replies (1) of 224720
 
Study what happened in Japan after THEIR real estate bubble burst. And that was AFTER they pumped in gazillions of dollars.

Which is a good argument for not pumping in gazillions of dollars.

There have been a LOT of Countries (empires) that felt the same from the Sumerians to the Babylons to the Egyptians to the Greeks to the Romans, etc.

Those states lasted a long time, the fact that nothing lasts forever is not a justification for a massive increase in government spending and power, esp. in the context of government intervention (for example Roman price controls) contributing to the problems leading up to their downfall. In any case none of them fell because of the popping of a real estate bubble.
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