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Need an astrophysicist here | 24 comments (24 topical, 0 hidden) | Trackback

Er.... by Herring (4.00 / 1) #16 Sun May 18, 2008 at 02:56:53 PM EST

"You can't spend your way out of a recession"

Hang on. A recession is defined as something like 3 consecutive quarters of negative economic growth.

Economic growth becomes positive when more economic activity happens - in other words when people spend more.

Ergo the only way out of a recession is spending.

I'm English, and as such I crave disappointment. - Bill Bailey
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: Well spotted by TheophileEscargot (2.00 / 0) #18 Sun May 18, 2008 at 03:15:38 PM EST

That last paragraph was complete bollocks.
--
"Everything is vague to a degree you do not realize till you have tried to make it precise." -- Bertrand Russell
[ Parent ]
: Ah, but that's Hawking Spending by dark nowhere (2.00 / 0) #22 Sun May 18, 2008 at 10:05:35 PM EST

Which requires the spontaneous authorship of IOUs that get sucked in and written off as bad debt at least until the recession is over.

I am not your dupe account.
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Need an astrophysicist here | 24 comments (24 topical, 0 hidden) | Trackback