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To: Giordano Bruno who wrote (273771)9/7/2010 1:05:03 AM
From: bentwayRespond to of 306849
 
We've done it before:

usgovernmentspending.com

As Krugman pointed out. I don't think we should do it again. I'll do just fine in a decade-long recession.



To: Giordano Bruno who wrote (273771)9/7/2010 1:29:45 AM
From: koanRead Replies (1) | Respond to of 306849
 
noir.bloomberg.com

No thank you.>>

Did you understand that FDR borrowed the equivilent of 30 trillion dollars and the stimulus to business infrastructure is what gave us prosperity in the 50's; and reduced both public and private debt.

That means Obama, to equal what DR did could deficit spend another 15 trillion and just match what FDR did.

These guys like Krugman and stiglitz do the math. They don't just pull these ideas out of their ass.

People thought Einstein was nuts for decades. Space/Time is relative, how crazy is that? And curved.

Keynsian economics is just complicated, not wrong.