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To: Victor Lazlo who wrote (148715)10/13/2002 10:38:06 PM
From: Alomex  Read Replies (1) | Respond to of 164684
 
Krugman advocates taking money from one pocket and putting it in another to help the economy. I dont see how that would help at all.
If you do, then all the power to ya.

Easy. Studies have shown (including some from conservative think tanks) that poor people tend to spend their money right away, while rich people, having so much of it, tend to hoard it.

Hence a fiscal stimulus has a bigger impact if directed to poor and middle class people.



To: Victor Lazlo who wrote (148715)10/21/2002 1:45:09 AM
From: craig crawford  Respond to of 164684
 
>> Sounds oddly reminiscent of the houdini-esque financial tricks of the bubble that got us to where we are now. <<

houdini was a jew as well. his real name was ehrich weiss.


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