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"Having the government "stimulate" the economy with demand only postpones the inevitable" Since we're basically borrowing money from the future to attempt to s
by quoderat 18y ago
"Having the government "stimulate" the economy with demand only postpones the inevitable"
Since we're basically borrowing money from the future to attempt to smooth out a difficult transition in the present, I think a stimulus can make the problems less bad for some people.
That the money will be used inefficiently is probably the case, but the money is more valuable in the present, in a sense, than it is in the future -- because without the money now, a desirable future may not exist.
At the worst, the stimulus won't matter much.
At the best, it'll help a few million people.
The truth will probably lie somewhere in between those two extremes.
- gaius 18y agoNo, it is not only shuffling money from the future into the present; it is also shuffling problems from the present into the future. When we get to the future, as we must, we'll find today's problems and tomorrow's problems waiting for us, and we'll have fewer resources to tackle them.