GPeyton Wrote:
Dec 03, 2012 12:34 PM
You need to read up on Hazlitt, Sowell, Walter Williams, etc. Sign up for Dan Mitchell's email list. Your reasoning is atrocious. You can't spend/tax/print your way to prosperity. You are not examining at all - indeed, completely ignoring - hidden costs, and you are falling hook, line and sinker for the biggest straw man argument ever made. The one thing your analysis completely neglects is what the economy would look like if the fed govt were a reasonable size and spending was at a reasonable level. If they held spending flat - absolute spending, not the BS "baseline budgeting" - you would see remarkable growth in the actually productive sectors of our economy, namely the private sector. Get out of DC, it's warping your thoughts.