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Infrastructure spending to create something new, like the Hoover dam and interstate highways, where none ever existed before, is one thing, spending money on busy work, and refurbishing already functioning roads, is not going to have any impact at all. In fact, when road construction reroutes traffic around businesses, it creates a loss of profits, creates traffic jams, and longer commute times. Road construction can reroute traffic away from entire cities, causing economic loss.
Most construction projects, on already existing infrastructure, actually makes things worse for most of the people affected by it. A smoother road is nice, but it does not mean the shoe store owner's profits go up, and it does not mean it will inspire him to run out and hire new employees.
It was/is the cause. Getting rid of the gold standard just exacerbated it. Then letting the government get involved in mortgage industry and repealing laws that kept Bankers at banking (and nothing else) was our undoing. Then we had the banksters involved in insurance and all sorts of financial products including ponzi schemes like the mortgage backed securities and consolidated debt obligations. They didn't work out and so what happens? WE BAIL THEM OUT----the stupidest thing we ever could have done!
Then to add insult to injury we elect a clueless President who REAPPOINTS the same Federal Reserve Chairman Ben Bernanke, a CROOK, who was one of the engineers of the "Great American Rip-off" which is what it should be called ---and it is not even OVER! It goes on and on and on with all the quantitative easing.
Ron Paul said that the FED took so much of our money just with TARP alone to bail out the greedy Banksters and Corporatists so they could have their precious Bonuses ---(all under the guise of so they'd have money to lend -- which was the biggest lie ever)---that INSTEAD they could have bailed us out and given each of us $17k!!!!!
Ask yourself this:
If your dollar is worth 3% of what it was in 1913 and you're still having a hard time competing with the rest of the world which direction do you think the dollar should go to make yourself more competitive.
The answer is yet even lower. And it will go that way till you've equalized out and your standard of living is the same as the other 9 billion people on the planet. Most of which will be struggling with the very basic functions of your normal life now. And no, you can't bring the rest of the planet up to your standard of living. You could only bring about 1 billion people up to your SOL before the planet said, "I'm through, you and all your people suck, you people are the most destructive and wasteful thing that has ever graced a planet in all of space-time." No, there's no rewards.
The FR was created to cushion your eventual assimilation with the rest of the world.
The people that created it knew that Americans would go kicking and screaming into assimilation causing one conflict after another. After all you people come from the most ambitious people on the planet, people willing to cross seas for wealth. What's a little war and slavery mean to gain wealth if you're literally willing to sacrifice your own life to get it?
So a teen will instantly have the same work etic, skill levels, drive, understanding and experience as someone who has been on the job for 25 years?
No but they will have the same pay and that will give them extra income to spend. How many will have kids? Just take a look at the teen abortion rate. If they had the income to take care of a kid with how many would keep their kids? Your point about demographics is flawed. You said that old people wouldn't be able to go out and have kids. But teenagers would be able to do just that. And if you inflate the bottom end of the income distribution you will get upward pressure on wages across the board. Also the prices of house will be going up not down. A lot of what you are arguing is an effect of demographics, is also an effect of the current wage distribution and the wage distribution can very easily be changed.
No but they will have the same pay and that will give them extra income to spend. How many will have kids? Just take a look at the teen abortion rate. If they had the income to take care of a kid with how many would keep their kids? Your point about demographics is flawed. You said that old people wouldn't be able to go out and have kids. But teenagers would be able to do just that. And if you inflate the bottom end of the income distribution you will get upward pressure on wages across the board. Also the prices of house will be going up not down. A lot of what you are arguing is an effect of demographics, is also an effect of the current wage distribution and the wage distribution can very easily be changed.
You would need a lot of agents with guns to force your master plan on the masses.
How can you deny it? Infrastructure spending created markets for private sector expansion. Suburbia is a product of government spending.
I think the utter destruction of two of the largest economies in the world, the near bankruptcy of the UK had more to do with it. Believe what you like though.
You would need a lot of agents with guns to force your master plan on the masses.
Look at the TSA and the Department of Homeland Security. They already have the guns.
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