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Government creep results in suboptimal outcomes for everyone, raising tensions and exacerbating economic books and busts. I point to Greenspan and the housing c
by dforrestwilson 9y ago
Government creep results in suboptimal outcomes for everyone, raising tensions and exacerbating economic books and busts. I point to Greenspan and the housing crisis. Maybe the U.S. shouldn't be subsidizing housing and student loans?
Additionally, currency and trade wars tend to become the violent kind.
You could argue that the real problem is that Keynesian backed governments never turn off the spigot, but why should they when the chosen stimulus policy neatly aligns with their own professional goals?
- tome 9y agoThat sounds like "Keysian policy never works". dforrestwilson said "Keynesian policy only works when every country in the world is not practicing it" which sounds like a different claim entirely, so I'm confused.
- dforrestwilson 9y agoIt worked before and during WW2 because it was unprecedented and other countries did not engage in similar policies to remain competitive in international trade.
- dforrestwilson 9y agoIt will not work again.