"Freedom" thread or something

 

What are yinz complainin' bout, now?

When I think of it, I find there's not much of a difference between Keynesian stimulus and the Friedman helicopter (which is interesting because they are diametrically opposite positions).  The principle is the same, to throw more money at the economy to spur growth, with the difference being that in the Keynesian approach, the govt spends it while in the latter, the central bank increases money supply, but either way, the govt ignites the printing machines.  I think the failure of both economists, geniuses as they were, to acknowledge that their approach was not tailored to all situations has caused grave consequences though the blame for that undoubtedly lies with those who applied these theories indiscriminately.  There was no case to ease liquidity in the noughties and yet Greenspan did, which to me is the single most important factor that contributed to the meltdown.  The world economy would have crawled on with all the inherent structural flaws of the extant arrangement had he only not so drastically increased and then squeezed liquidity through the bank rate.  Likewise, there was no justification for massive big govt in the peacetime years post WWII.  I wonder how people did distinguish at that time between capitalism and communism.   Both sides actually seem to have been big on govt, for whatever may have been their reasons.

 

I disagree.  Governors, and other politicians, do this all the time.  They effectively say, "We don't believe in insurance and we don't believe that people are responsible for the their own risky decision, to build where they did, so gives us your money, rest of America."  Christy happened to be especially aggressive about it.