Quote:
Originally posted by dave
Jobs would be created, people would spend money, consumer confidence would go up...
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True. Also the dollar would be devalued making low interest saving counter productive so more money is pumped into anything which may hold value, eventually leading to stock speculation... oops we just did that didn't we? Heavy government spending prevents the market from punishing malinvestment in a timely manner, causing the collapse to be longer and harder when it comes. Of course, I'm a history guy not an economics whiz... UT could weigh in here.