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Sanity: Politically Possible?

pjacob Wrote: Sep 30, 2012 12:41 PM
Bravo! Well put.

September 30, 2012

You have perhaps heard the complaint: Stimulus has not really been tried. The politics of recent stimulus packages worked up a mere weak sister of a Keynesian influx, a shadow of the full force required. Most of the money was squandered on the wrong things, much of it was tied up in strange timing protocols, wasted on “tax cuts,” and, besides, too little was dedicated to the task to do it right. We needed many trillions more!

Apparently, the many, many trillions in specifically monetary stimulus — bailouts, cheap interest...