2 responses so far ↓

• 1 Nexus // Dec 4, 2008 at 4:16 pm

  WAR isn’t looking too good for that 2016 White House run if he doesn’t learn to debate better.

• 2 JimDavidson // Dec 4, 2008 at 5:19 pm

  The Fed’s job is to make sure money is plentiful and moving with high velocity? That seems odd. Entrepreneurship in everything but no free market money? Why not, Wayne? What have you against free market money entrepreneurs?

  I tend to agree with Wayne about infrastructure spending. There’s no reason any of those projects has to be done by government. The fact that they let contracts to private contractors to supply the materials and perform the work shows that it can be done in the private sector. The fact that privately built roads, bridges, dams, power plants, and other “works” are organised without government help in places all over the world demonstrates that the government isn’t needed.

  Keynes came up with this idea of deficit spending to speed recovery. It has been thoroughly discredited.

  However, government spending, especially on defense and public works, does have an effect on the economy. It tends to consolidate industries and create a lobby for higher barriers to entry in each newly consolidated industry.

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