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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: carranza2 who wrote (273700)9/6/2010 7:45:29 PM
From: skinowskiRead Replies (2) of 306849
 
The $780 billion package, a huge sum which still must be paid for, did not do the trick. Otherwise, we would not be talking about QE2 and stimulus measures like the one announced today. I think its failure empirically established once and for all the failure of Keynesian theory.

I despise the madness of thinking that borrowing and spending will cure problem created by excessive borrowing and spending...... but I can see how such an exercise may re-trigger an economy which is still on its way up in the cycle, just suffering a temporary setback. However a point must come when such behavior would only make matters worse.... and I think we are at that point. Politicians, of course, wouldn't recognize that "this time is different". They have a vested interest in believing that the problems we're having now are no different than in 1991, or in '97.

I think we would all be better off if our ruling classes would continue to keep the f*ck away from the economy, the way it used to be throughout most of our history.
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