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 : A US National Health Care System? -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (24062)	7/4/2012 6:58:26 PM
From: i-node	4 Recommendations Respond to of 42652

And yet, a century and a half after Bastiat demolished the Broken Window Fallacy, our politicians, the public, and the official economists still think that massive government spending (aka destruction of savings) will improve the economy. I honestly don't get it. For some reason, the same mistake is repeated over and over again, with the same failed result, yet, you still hear it stated as fact on a daily basis -- "We have to increase spending [or not cut it] so as to stimulate economic growth." You'd think people -- economists, at least -- would think, "Well, damn, they tried that in Japan and it didn't work" or "There was that trillion in 2009, and look where we are now!" Unfortunately, even trained economists can get so dug in to a position that they're blind to outcomes that don't agree with the pre-fabricated agenda. It is really time we stopped hoping for a rumored space alien invasion as a solution to our economic woes. Keynes never intended these kinds of asinine interpretations of his philosophy and certainly wouldn't have approved of the attachment of his name to what we're doing these days.