zayttrader

Essential Investment Tool: Basic Economic Literacy

Construct & Jeff,

"stimulus" packages worked wonders for Japan didn't they? The Japanese govt. has sunk money into massive public works projects for over a decade and all they've achieved is one of the largest public debt/GDP ratios in the developed world.

It bogles my mind that some people still believe that taking money from productive companies and individuals through higher taxes (or indirectly through crowding out), and handing it to govt. agencies and incompetent companies like GM will somehow create economic growth. Truly stunning. Such a belief can only breed in the brackish waters of abject economic illiteracy.