4 ms·
If the solution to a lagging economy is to have more money be spent, give it all to hardened drug addicts. They'll quickly spend whatever we hand out. Or here
by bluesnowmonkey 16y ago
If the solution to a lagging economy is to have more money be spent, give it all to hardened drug addicts. They'll quickly spend whatever we hand out.
Or here's a better scheme. How good do you want the economy to be this year? GDP of $100 trillion? Great, I can make that happen. Have the government print a $100 trillion bill and give it to me. (Or hand-written is fine.) I'll use it to buy a $100 trillion candy bar from my friend over there, then he'll burn it. Boom, $100+ trillion GDP, zero inflation, recession over. We'll all buy yachts!
The point is that moving money around does not inherently create prosperity. It can help if the act causes resources to be used more efficiently, but figuring out how to do that is incredibly hard. Politicians (or anyone really) trying to do it at a national level are like monkeys at the controls of a nuclear reactor. They're vastly out of their collective league. Theoretically they could make the situation better, but don't count on it.