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

To: i-node who wrote (477383)5/4/2009 2:51:09 PM
From: bentway  Respond to of 1573714
 
"He thinks we need more "stimulus," i.e. more deficit spending."

Many economists see it that way. The failure of FDR, for them, was not throwing enough money against the Depression until he was forced to by WWII. It wasn't the war, but the SPENDING, that ended the depression. All during the war, and many years after, the top marginal tax rate was 91%, to pay for all that spending.



To: i-node who wrote (477383)5/4/2009 2:57:24 PM
From: Tenchusatsu  Read Replies (1) | Respond to of 1573714
 
Inode, > Krugman sees no limit to it.

That's the whole point. There are no limits.

It's only natural for people to save and be frugal in times of recession, but Krugman thinks that behavior is to be discouraged with unlimited government spending.

There is no better way to punish people who save than to cause massive inflation. Is that what Krugman wants, or is he another victim of good intentions gone wrong?

Tenchusatsu


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