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Re: Pepper sprayed for public safety.
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Originally Posted by sebastian_dangerfield
I agree Stimulus is the best course early on, and it did save us from dire consequences at the outset of the crisis. But we're past that point now. We're at the point where need need something to trigger growth and employment. The evidence to date shows loose monetary policy and govt spending have not, and cannot, do either.
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Why do you think we're past that? Obviously, we're not.
And the evidence to date showed that stimulus did trigger growth and employment. If you look at the work of reputable private-sector economists -- not political hacks scoring their own points -- you will see that they were unanimous in crediting the federal stimulus with working. But it wasn't enough, and it has been undercut by massive austerity at the state and local level.
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“It was fortunate that so few men acted according to moral principle, because it was so easy to get principles wrong, and a determined person acting on mistaken principles could really do some damage." - Larissa MacFarquhar
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