> Dana wrote: > Keynes, my friend. > But in Keynesian economics, if recession threatens, the way out is to > pay people to produce tangible goods or improve infrastructure. If you > have to you print the money to do it.
Ok, I'm going to put of this debate for now because I'm principled lost right now. But I will say this: My suspecion of my trickle-down doesn't work - or work well - anymore is because we've moved from an industrial economy in the 80s to an information economy now. THAT will be the big history lesson of 1980-2008. All of the old republican tricks won't work. And infrastructure works for 2 reasons: 1.) it creates value-added jobs. i.e. you can create jobs to move bricks from a to b but that doesn't create value. Fiber out to rural areas does. 2.) Now that you've got infrastructure, market forces can create wealth on its backbone. The trick, therefore, is creating the RIGHT infrastructure. In this case, we've got to create the-world-is-flat infrastructure. Plus get people saving again. I dunno . . . I'm still figuring it out. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:271557 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
