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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: tejek who wrote (261105)7/15/2010 2:01:47 PM
From: RetiredNowRead Replies (2) of 306849
 
What FDR did then is very different than what the Dems are doing now. FDR invested in large public works that had huge returns on investment, like dams, bridges, roads, etc. We got something for our money. This quantitative easing/money printing, bailouts, and never ending welfare is just pissing money into the wind leaving nothing to show for it.

Borrow and spend Keynesianism only works if you invest in things that return greater than the cost of borrowing. What Keynes actually recommended was to build up a reserve in good times to use during bad times to even out the downturns. That was fiscally responsible. But you can't only use Keynes' theories when things are bad, like the Dems are doing now.
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