tag:blogger.com,1999:blog-17206839.post3961807384380801353..comments2023-09-09T09:26:22.175-04:00Comments on Andrew Samwick's Blog: Fiscal Stimulus? We Don't Need No ...Andrewhttp://www.blogger.com/profile/13514024573333057559noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-17206839.post-70230042906970580802008-01-18T19:34:00.000-05:002008-01-18T19:34:00.000-05:00---If we acknowledge that bad loans fueled the act...---<br>If we acknowledge that bad loans fueled the activity, why is it now a widely shared policy objective to maintain that level of activity?<br>---<br><br>I see it mainly as slowing the descent, not maintaining the peak. And it's also a delaying tactic to allow population and productivity growth to provide organic support for economic activity in the near future.<br><br>---<br>Why are we entitled to pass them this additional debt?<br>---<br><br>"Reagan proved deficits don't matter"<br> -Dick Cheney<br><br>And Cheney didn't mean economically; future generations vote in very low numbers. :-)eightnine2718281828mu5noreply@blogger.comtag:blogger.com,1999:blog-17206839.post-34997136143257697902008-01-18T22:52:00.000-05:002008-01-18T22:52:00.000-05:00Here is why i think all stimulus will fail:We are ...Here is why i think all stimulus will fail:<br><br>We are ALREADY running gov deficits.<br>We are ALREADY living with negative interest rates.<br>We are ALREADY expanding TCMD<br>We are ALREADY growing M3 ~15%<br>We are ALREADY feeding Wall st candy cookies and cake<br>We are ALREADY getting billions every day from BOC/BOJ/WTF<br><br>Executive summary:<br><br>WE ARE ALREADY LIVING BEYOND OUR MEANS !!!<br><br>*GAME OVER*Edward Charles Ponzi Jr.http://futurist-project-beta.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-17206839.post-76011432562036784482008-01-19T16:24:00.000-05:002008-01-19T16:24:00.000-05:00Ponzi:Ludwig Von Mises said, "Only the govern...Ponzi:<br>Ludwig Von Mises said, "Only the government can take a perfectly good commodity like paper, slap some ink on it, then render it totally worthless". Good luck with the paper dollar.Independent Accountanthttp://www.blogger.com/profile/07800220849565219709noreply@blogger.com