!@#$%^&* STILL NOT GETTING IT: The Effect Of Stimulus Policy
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Responses
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We haven’t increased total spending at all – we’ve just brought it forward and cancelled out future spending. Anyone can borrow $40 billion and blow it in three months. But so what? After three months consumption will return to where it was, and will be even lower after that as the interest bill falls due. It’s a contraction.
Only sodomites, nazis and other beasts would disagree.
By: Michael Fisk on February 10, 2009
at 11:00 am -
Mr Bird
I have tried to read through your posts and comments but fail to understand who you are talking to.
What I mean is, you are seemingly answering questions but I cannot find the questions.
RIGHT THAT HAPPENS A LOT. DON’T WORRY ABOUT IT.
IF YOU BACK YOUR IDEAS UP WITH STRONG ARGUMENT PEOPLE WHO CANNOT DO THAT TEND TO SPAM YOUR SITE. I KNOW OF AT LEAST TWO REALLY SMART GUYS WHO HAVE THE COMMENTS FUNCTION ENTIRELY DISABLED. WHICH MAKES SENSE IF YOU DON’T WANT TO BE SWEARING AT PEOPLE ALL DAY I GUESS.
By: Dafnee on February 10, 2009
at 7:30 pm -
Yes, you are right. There must be something better than “GDP” if it fails to capture a key element of spending. Admittedly it does cover “investment”. But it also includes “government expenditure” which should really be subtracted, rather than added.
By: Michael Fisk on February 11, 2009
at 3:05 am -
Graeme Bird
Translation Services
Doc 21 338IF YOU BACK YOUR IDEAS UP WITH STRONG ARGUMENT PEOPLE WHO CANNOT DO THAT TEND TO SPAM YOUR SITE. I KNOW OF AT LEAST TWO REALLY SMART GUYS WHO HAVE THE COMMENTS FUNCTION ENTIRELY DISABLED. WHICH MAKES SENSE IF YOU DON’T WANT TO BE SWEARING AT PEOPLE ALL DAY I GUESS.
Should read:
My mind is such a feeble peanut of a sparrow testicle that I am incapable of substantiating anything I say with anything but gratuitous use of a slang term denoting the female genitalia. As I am already a sorry cleaner of s-bends subsidized by Centrelink my self-esteem is low enough as it is.
I would disable the comments function permanently except
1. I’m too stupid to figure it out
2. I like gratuitously using slang terms for the female genitalia (it’s as close as I ever get)
3. It’s the closest I ever get to human company.By: Adrien on February 12, 2009
at 8:56 am
Why wouldn’t Homer be right? There is no doubt that expansionary fiscal policy will steal money out of business-to-business spending, where it can help us recover, and it will push that spending into government expenditure and consumer spending…. categories that cannot help us recover.
At the same time expansionary monetary policy will tend to increase ALL SPENDING CATEGORIES but in hard to predict ways.
So Homer is likely to be right. Apriori stimulus policy will increase retail spending. But it won’t increase SPENDING as such. It will simply rob business-to-business expenditure and splurge that spending on retail.
You see that Jason? You, Sinclair, Cambria and the rest of you really have no idea. Thats one reason why you end up getting beaten up by vandalising lunatics like Gruen. Your ignorance is one reason why the left tend to get their way in public policy.
There is no substitute for learning economics.