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Quote by: Suburbanite  Seriously, a good understanding of economics and history is going to be essential to this debate. Unfortunately, my understanding is only mediocre. However, I feel I must inform you about FDR's deficit spending and how spending more money DID get us back on track. I'm afraid that I can't keep debating with you personally on this issue, because while I only know a little bit about the topic at hand, you know nothing. You have a really base understanding of economy, it isn't starcraft, where you acquire resources (wealth) and then you spend them building your city.
Debt is NOT the reason why our economy is sinking directly. Thats now how economies work. In fact, we could be twice as in debt, but with a better attitude, still have a sounder economy. |
You know, in the 1930's after the Wall Street Crash you can compare three countries economic growth as compared to government involvement in the economy; the USA, the UK and Germany. The USA and Germany were highly interventionist, while the UK much less so. The UK's economy grew the fastest, then Germany, then the USA. It was only with the onset of war that the USA's recovery kicked in. This would suggest, though certainly not prove, that a government keeping a mostly hands off approach to the economy is better.