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 : View from the Center and Left
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Steve Lokness who wrote (268222)1/28/2015 11:01:57 AM
From: Sam  Read Replies (1) of 541001
 
And what is the result of the government not meddling in economic fine tuning? Fantastic improvement. Could something have been done to make the improvement better? Maybe - but at what cost. What might the downside(s) have been?

You know that I am an Obama supporter, however lukewarm in many ways. But I wouldn't use the words "Fantastic improvement" to describe the economy of the past six years. The thing about counter-factuals is that you can frame the question you ask in various different ways. For example, instead of asking "What might the downside(s) have been"" one could ask, "What might the upside have been?"

You just see bigger deficits if Krugman's and Stiglitz's preference for more Federal money to be put into the economy back in '09-'10, but if the economy had gotten stronger more quickly, then more government receipts might have made the deficit shrink faster than it has, and led to more and larger paychecks for people sooner than it has.
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