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Politics : Formerly About Advanced Micro Devices
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To: combjelly who wrote (679442)10/17/2012 3:49:12 PM
From: HPilot  Read Replies (1) of 1573425
 
The idea that government spending stimulates the economy is not quite correct. Unless the spending increases infrastructure or does some other thing to directly increase industry, there is no gain. This has a huge lag that causes people to put the blame on current action when actually it was done well in the past. For example the space race and Vietnam spending caused the poor economy in the 70's. The spending and debt in WWII is often attributed to the great economy in the 50's but actually it was a lack of foreign competition. All of Europe and Japan were literally bombed out. The US made money on exports as well as building plants overseas. The govenment in the 19th century spent a lot of money helping to build and protect the railroads, but that gave a huge infrastructure that greatly improved industry.
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