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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (102988)	2/3/2009 6:07:40 PM
From: Steve Lokness	Read Replies (1) \| Respond to of 542214

Tim; Fruitcake is too harsh, I wish I had not used that term. But even you in allll this post make no mention of paying back the money we borrow today for our lifestyle. How do we pay it back - without harming our economy in a measurable way in the future? That is my biggest fault with Krugman's thinking. I haven't seen where he has ever explained that adequately. but the idea that stimulus may not work out as well as expected because labor is more specialized than in the past That wasn't what I was arguing, although you do make a good point here. What I tried to say is that people are not all equally efficient. In homebuilding for instance, there was just a ton of builders at the height of the bubble who didn't have a clue as to what they were doing. A recession flushes them out........the bad ones go out of business. But by pretendiing there can never be bad times, often these inefficient builders remain building homes - at the expense of the good builder. steve