Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: TimF who wrote (607594)	4/12/2011 11:51:11 PM
From: i-node	Read Replies (1) \| Respond to of 1583405

"But one of the most basic principles of economics is that when an economy is anemic, governments should use deficit spending as a fiscal stimulus, even though that means an increase in debt. It totally irritates me that this line continues to be repeated so often without being questioned. While I don't disagree at all with the reference to Hoover, the evidence is that FDR's policy, if anything, DELAYED the economic recovery. So, really, where is the evidence on which this "basic principle" of economics is based? This nonsense isn't limited to liberal Democrats, I might add -- many conservatives believe it as well. It is tough to find any fiscal responsibility amongst politicians of all stripes in this country today.