tag:blogger.com,1999:blog-4900303239154048192.post9025876268647692313..comments2024-03-06T06:34:42.881-05:00Comments on EconoSpeak: Beyond Growth: The Rise and Fall (and Posthumous Return) of Political KeynesianismUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4900303239154048192.post-14406710921833133122009-01-18T22:41:00.000-05:002009-01-18T22:41:00.000-05:00Can you explain how cutting the work week will "le...Can you explain how cutting the work week will "leave the USA in exchange for foreign goods."Sandwichmanhttps://www.blogger.com/profile/11159060882083015637noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-82611468478595030222009-01-18T22:13:00.000-05:002009-01-18T22:13:00.000-05:00There seems to be a lot of people in the various U...There seems to be a lot of people in the various Usenet groups talking about the fact that no matter how you inject money into the bottom of the economy (increase public works, cut the work week, stimulus checks, whatever) the money will simply leave the USA in exchange for foreign goods or foreign oil or be used to pay down debt.<BR/><BR/>It seems to me that we are more in need of tariffs and excise taxes than we are in need of progressive income taxation. Will it do any good to stoke an economy that doesn't really exist? It is going to take a long time to rebuild all that has been destroyed by free trade.TheTruckerhttps://www.blogger.com/profile/10346127768102862741noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-71042487775323674522009-01-18T21:30:00.000-05:002009-01-18T21:30:00.000-05:00The analogy has been made that if a drunk driver g...<I>The analogy has been made that if a drunk driver gets in an auto accident, you first stitch him up and set his leg, and get back to him about his drinking later.</I><BR/><BR/>Seems to me the main idea behind the StimPack is to arrange a loaner vehicle for the drunk before he has a chance to sober up.Sandwichmanhttps://www.blogger.com/profile/11159060882083015637noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-54678034067353952982009-01-18T21:13:00.000-05:002009-01-18T21:13:00.000-05:00It goes without saying that the employment policy ...It goes without saying that the employment policy in a steady state sustainable economy will involve a job guarantee ...<BR/><BR/>... after all, the Overton Window has been slid so far away from looking out onto reality that what gets said involve a choose of better or worse fantasies.<BR/><BR/>The analogy has been made that if a drunk driver gets in an auto accident, you first stitch him up and set his leg, and get back to him about his drinking later.<BR/><BR/>OTOH, while the referral to counseling on the drinking problem might wait, you don't fix him a stiff drink while he's getting the X-ray.<BR/><BR/>Much of the stimulus is long overdue spending on things that should have money spent on them ... though, considering $30b for highways, $6b for buses and $4b for rail, in many cases not as much spending as there should be ...<BR/><BR/>... bu the tax cuts and the TARP giveaways to banks without strings attached seem to be very much a case of the hair of the dog that bit you.BruceMcFhttps://www.blogger.com/profile/08502035881761277885noreply@blogger.com