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Old 11-22-2012, 11:00 AM   #1
spence
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Transfer payments aren't included just so you don't count the same money twice. Just because the recipients don't produce they certainly do still consume.

I don't think anyone intended the Stimulus to generate organic growth, rather it's a stabilization mechanism to prevent lasting damage and to this purpose I think it was successful.

The rest of it just comes down to a belief in Keynes or not.

-spence
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