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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (456770)	2/15/2009 10:22:13 PM
From: Joe NYC	Read Replies (2) \| Respond to of 1577025

cj, If you can't see how pumping dollars into the system won't heat it up, well any economics classes you took were wasted. The reason why this should be a last resort should be obvious, you are priming for inflation. A happy coincidence is that we are in the middle of a deflation. The problem with this priming of the economy is 2-fold: - there is a huge leak - imports - there is a problem on the other end - where the money comes from (borrowing while there are little to no savings) - meaning we are importing the capital So we are mainly stimulating economy of China, while adding on debt on backs of the US taxpayers. I think the way to stimulate the US economy is by encouraging domestic production and discouraging consumption of imported goods. Shifting taxation from production to consumption (joining the rest of the world) would be a step in the right direction. Borrowing from abroad in order to buy more imports is not. Joe