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by brc 4802 days ago
Te entire country would be wealthier if they were put to work...doing something productive, in which the investment of their labor were to return future benefits.

The problem of most 'stimulus' spending is that this does not happen.
2 comments
justincormack 4801 days ago
They spent the last ten years building houses no one wants now and creating a property bubble. It wasn't deficit spending it was just excess borrowing. Sure it created jobs for a bit but then they went away just leaving a lot of debt. Somehow you need to actually build a sustainable economy.
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brc 4800 days ago
No argument from me, private borrowing to spend on unproductive assets is just as bad as public borrowing to dig holes in the ground and fill,them in again.

The key is productive work- work that people are willing to pay for without incentives or coercion.

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loumf 4800 days ago
We got out of the great depression by turning labor into bombs and destroying the results of productivity. And by hiring people to kill people.

It really can't get more unproductive than that.

Sure, I'm all for doing something productive -- that's icing on the cake. I'm not for using it as an excuse to do nothing.

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