Larry Summers: Hey, it's party time, the recession is over and jobs by spring!

Discussion in 'Economics' started by PlusMinus, Dec 13, 2009.

  1. I think you're confused about the meaning of the word growth. It does not mean government pumping hundreds of billions into the economy.
     
    #21     Dec 14, 2009
  2. bgp

    bgp

    the recession is over now depression.:mad:

    bp
     
    #22     Dec 14, 2009
  3. Please look up the definition of GDP and tell me where government expenditure comes in. Please research some of the causes of the Great Depression. How would you like to owe $300,000 on your mortgage, only to find out that since the government didn't intervene in the economy, deflation has taken hold and it will take you 20 more years than planned to pay off your house.

    USA should be begging for inflation so they might actually have a chance to pay off some debt within the next 50 years.

    Like it or not, government spending matters and should be included in the calculation.
     
    #23     Dec 14, 2009
  4. our of recession for Summers, sinking into depression for the rest of us
     
    #24     Dec 14, 2009
  5. O.K., I'll get right to that. But first, pPlease do some research on the first oil shock of the 70s, and how massive dollar devaluation can lead to economic ruin.
     
    #25     Dec 14, 2009