SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: bentway who wrote (616116)6/14/2011 2:08:01 PM
From: i-node  Read Replies (1) of 1580442
 
>> But, you have to spend MASSIVELY, as FDR did, for WWII. All WWII was economically was MASSIVE SPENDING OF BORROWED MONEY.

It is great to hear you coming around to the idea that the massive spending programs of the 30s were useless in terms of helping the economy turn around. At least SOME facts are getting out.

The truth is that no amount of spending will solve an economic problem. What solved the Depression was winning the war. Had it been done without spending a nickel the Depression would still have ended because of a renewed sense of optimism. THAT is what ended the Depression. And that's what it will take to end the current problem.

Fixing a stalled economy is 100% about getting consumer confidence rolling, making people feel like spending money. There is no evidence that the government spending money has EVER done that.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News