By: nlpnt
Basically taking the Keynesian theory that in a recession the government is the spender of last resort and turning it on its’ head. I guess the post-9/11 era “it’s your patriotic duty to spend” notion...
View ArticleBy: Pwilliam56
The difference is that now all the spending is going to China and the Middle Eastern oil fields, so we are out of a job anyway.
View ArticleBy: Scott B.
What were we talking about? I was distracted by the not-so-secret charms of Janet Leigh. This advice must have worked; the economy was pretty good from 1954 through the ’73 Oil Embargo, wasn’t it?
View ArticleBy: GeekStick
Spend your money on local talent and keep it in the neigborhood. Buy local, go to a farmers market and ask for local produce. These things will help.
View ArticleBy: Charlene
Ever notice how locavorism is most popular in parts of the world where they can actually produce vegetables more than three months out of the year?
View ArticleBy: JMyint
Scott B. you are forgeting that from 1965 to 1971 400,000 young men a year were being newly “employed” by the federal government whether they wanted to be or not. Given that they mostly served three...
View ArticleBy: Scott B.
JMyint – Right you are. As the son of an Air Force officer who had job security until the Reduction-in-Force in the mid-70s, I have firsthand knowledge of the economics of wartime spending. No question...
View ArticleBy: GaryM
If I had set out to write a satire of Keynesian economics, I couldn’t have done better.
View ArticleBy: Firebrand38
Actually it’s an old theme. Check out Jimmy Durante and a “Stoogeless” Moe Howard in the 1933 short put out out by the National Recovery Administration http://www.archive.o…
View ArticleBy: Darren
But how often should you buy that new refrigerator? Why make Bill Smith rich buying too often and making yourself poor at the same time? There are too many items out in the world that I cannot even...
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