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


To: i-node who wrote (695119)1/25/2013 9:36:27 AM
From: combjelly  Read Replies (1) | Respond to of 1578144
 
That money would have been circulating in the economy anyway, as Bastiat so aptly described. You're taking money out of the hands of productive people and giving it to non-productive people.


Not necessarily. Governments have other resources than taxation. They can borrow it or print it, for example. Both have negative consequences, but the idea is to cover those consequences when the economy improves.

Here, see what Mark Zandi of Moody's Economy.com Has to say.

Mark Zandi on UI

He doesn't agree with you.