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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (853270)4/30/2015 1:49:29 PM
From: TimF  Read Replies (1) of 1576670
 
And once you go tbeyond "when everyone else is cutting back its not time for gov't to cut back as well" to "stimulus is good when everyone is cutting back" then its best to look at supporting the idea, and the analysis of possible multipliers from the spending becomes very relevant, even important. It is not the case that there has been clear and convincing evidence of such an idea. There is some evidence (which you deem unnecessary complication) of modest to minimal short term benefit (probably at a long term cost), with that benefit being smaller in relatively open countries, and those with high levels of government debt (both of which apply to the US)
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