Quote:
Originally Posted by Joe
Free Market purists don't believe in government spending as method of stimulating an economy in recession. Most economists, left and right, disagree.
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Joe, this is different. The government is not spending, its borrowing and spending. BIG difference. By increasing the amount of cash in the market, you decrease the value of that cash.
This stimulation is artificial, we are pouring gasoline on the fire, when we need a slow burning log. There is no quick and easy fix and the message should be that this will take a long time to recover, but we'll be stronger when we do.
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