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

To: neolib who wrote (751341)	11/5/2013 6:00:39 PM
From: Tenchusatsu	1 Recommendation Recommended By FJB Read Replies (1) \| Respond to of 1576159

Neolib, Fundamentally is there any difference between chasing a ball around and breaking windows? Of course there is. One is recreation. The other is vandalism. You would only have a point if breaking windows became a spectator sport, but it obviously isn't, not in the parable and not in the real world. Its a mistake to think that one can simply declare what is and what is not contributing to the economy. Think about that. In the parable, people gathered around the shopkeeper whose window was broken. One of them declared, "Everybody must live, and what would become of the glaziers if panes of glass were never broken?" That person just made the mistake you pointed out. He or she concluded, probably as cold comfort to the shopkeeper, that it's actually a good thing that the window was broken, because then glaziers would stay employed, money would circulate, and the local economy would benefit as a result. But that doesn't change the fact that the shopkeeper has to spend money to fix the window, and that money could have gone toward something else that would have added value to his business or to his personal life. Instead, that money is now gone to restoring the status quo. That's not stimulative by any measure of common sense. Yet that is exactly what so-called "Keynesians" believe in. Tenchusatsu