It seems like there's two things where money is never an issue; war and the preservation of the status quo. This should be remembered when progressive reforms are rejected.
> It seems like there's two things where money is never an issue; war and the preservation of the status quo.
Right. The government's policy should act counter-cyclically to counteract major issues like this. It's better to reserve our spending for when we need it than to spend indiscriminately when we don't.
You want government monetary and fiscal policy to act as a counterbalance to natural instability, not as an amplification.
> This should be remembered when progressive reforms are rejected.
I agree, but for different reasons. It's important that we avoid overextending ourselves during the good times, because we need to keep our options open when we find ourselves in times like these.
> It's better to reserve our spending for when we need it than to spend indiscriminately when we don't.
To save money in a large pile is not a proactive thing to do. It's reactive. The proactive thing is to have a far reaching social safety net and a stable social institutions.
Right. The government's policy should act counter-cyclically to counteract major issues like this. It's better to reserve our spending for when we need it than to spend indiscriminately when we don't.
You want government monetary and fiscal policy to act as a counterbalance to natural instability, not as an amplification.
> This should be remembered when progressive reforms are rejected.
I agree, but for different reasons. It's important that we avoid overextending ourselves during the good times, because we need to keep our options open when we find ourselves in times like these.