To: patron_anejo_por_favor who wrote (259463 ) 7/8/2010 11:52:40 PM From: Perspective Respond to Hussman for president. Or perhaps this man should be pulling the levers at the Fed (if he would pull levers at all.) hussmanfunds.com Crafting a PackageIf individuals are attempting to increase saving, and Keynesians view this as undesirable, an obvious but underutilized response is to promote productive investment through tax incentives, R&D credits, and other means. Private sector investments are often well-beyond the planning stages, and may provide a quick road to immediate economic activity in response to incentives that move their timing forward. We should not overlook productive forms of government-funded non-profit research. Among those avenues, one might consider restoring funding to the National Institutes of Health and the National Science Foundation, both which have historically been successful in advancing innovation and producing major discoveries in public health and technology. In contrast, one might view "rural broadband" as somewhat questionable, precisely because of the relatively high cost per beneficiary. In a challenging downturn such as this one, where the duration of economic difficulty may be extended, some amount of infrastructure expense makes sense. In contrast, during most post-war recessions, these have been difficult to coordinate on a timely basis.
