ajb3 Wrote:
Nov 29, 2012 2:32 PM
I found this disappointing... I thought I was going to see him make a counterargument that welfare doesn't stimulate the economy, but JJ didn't even try... just talked about socialism and whether government taxing is the same as stealing. Which, in a way, is OK--I'd be opposed to taxation and welfare beyond a certain point even if it did help the economy. But JJ missed some opportunities to point out that FDR's stimulus didn't actually work and his own Treasury secretary said so... or that if you take the dollar out of someone's savings it doesn't come from bank executives' mattresses but from money that would be used to invest elsewhere in the economy which would be stimulating... I think we have to do better.