What say you?
What say you?
Actually it's saying to repair old bridges. That may help the economy if a bridge was to fail and led to economic inactivity.
"He's talkin' to his gut like it's a person!!" -me
"dumpster diving isn't professional." - angelatc
wow, a FRB did a study that just happens to say that more spending = massive growth. color me surprisedA new paper from the Federal Reserve Bank of San Francisco (FRBSF), goes into detail on the economic benefits of infrastructure construction and repair.
What they found was that within the first year of any infrastructure project, a solid 10% GDP growth grew out of that project.
so it has been more than 1 year since they spent all of the money on roads, where is all the GDP?
ok, the author loses all credibility with this statement
bold mineIf one seeks a conservative viewpoint, it is hard to find one more conservative than the Federal Reserve. It remains one of the dullest, most conservative departments of government imaginable,
Last edited by TonySutton; 12-04-2012 at 12:40 PM.
Insanity should be defined as trusting the government to solve a problem they caused in the first place. Please do not go insane!
When the hell was the last time the Republicans fought to make any real cuts in anything whatsoever - let alone "huge" ones? And it concludes with this scintillating little gem:Of course, the Republicans in congress don’t care about this. They are fighting to make huge cuts to infrastructural improvements,
So ... some pro-stimulus partisan hack is impressed by the fact the the Federal Reserve (the engine that makes "stimulus" possible) has put out a "study" which concludes that stimulus is a wonderful idea. Gee, imagine that.If one seeks a conservative viewpoint, it is hard to find one more conservative than the Federal Reserve. It remains one of the dullest, most conservative departments of government imaginable, making even the IRS look like party animals by comparison. When the Federal Reserve is telling you that money should be spent on infrastructure, it is high time for the Republicans in Washington DC to listen. It was through gigantic projects like Hoover Dam and the Interstate Highway System that the United States grew into the world power it is today. A similar program today could restore us, and it is Republican Obstructionism which is holding back the economy. If they do not change their tune, they will be decimated in 2014.
Last edited by Occam's Banana; 12-04-2012 at 12:40 PM.
Frederic Bastiat When law and morality are in contradiction to each other, the citizen finds himself in the cruel alternative of either losing his moral sense, or of losing his respect for the law. - The Law Government is that great fiction, through which everybody endeavors to live at the expense of everybody else. - Government
Real, sustainable economic growth comes from the accumulation of capital and the resulting increases in productivity. Government is the enemy of capital accumulation.
The proper concern of society is the preservation of individual freedom; the proper concern of the individual is the harmony of society.
"Who would be free, themselves must strike the blow." - Byron
"Who overcomes by force, hath overcome but half his foe." - Milton
Last edited by The Free Hornet; 12-04-2012 at 03:58 PM.
building infrastructure in so much that it facilitates the economy, is good. building a bridge that services no one is no different than paying people to dig ditches then fill them back up again.
Investment in infrastructure can affect growth positively. But it can do that in boom and it bust situations. If an investment has an expected positive return, you invest. If not - don't invest. It's not true that investing in otherwise unprofitable infrastructure is a wise thing to do during recessions. Recessions are exactly the reallocation of badly allocated capital resources. You won't solve that problem by allocating even more resources to the wrong places.