What say you?
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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.
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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.
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Frédéric Bastiat (1801-1850)
- "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 (p. 54)
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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.
Were the people that used to have jobs.......having trouble getting to work?
If suddenly every road and bridge was perfect, would that have made a difference?
Y = C + I + G + NE
They think increasing G will increase Y. We all bow down to GDP....
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Bridges only help if there's a reason to cross them.
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Well , for 3 million per year salary and matls , I will be willing to detonate one bridge per week. This should help immensely ( not ) , I can take 2 weeks vac and do one in each state.Tell the Fed to pm me when I should start, I need to put in some FMLA papers at my job , lol.What a bunch of douchebags.