The logic of that post is that if a government spends a lot of...

  1. 21,176 Posts.
    lightbulb Created with Sketch. 72


    The logic of that post is that if a government spends a lot of money to avert recession, and succeeds both in maintaining low unemployment and avoiding economic contraction, that is a waste of money. But if a government spends a lot of money, with the outcome being a rise in unempolyment of 6%, then that expenditure was worthwhile. By that logic, if an increase in government spending averts recession and maintains high levels of employment, then it should be regarded as a failure.

    Reaper.

 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.