Obama's stimulus, in Q2 of 2012, was estimated by the CBO to be $831bn.

The cumulative rate of inflation since 1933 is about 1550pc, which would place the New Deal at $825bn.

Does anybody else find this incredibly surprising?

You're in support of stimulus packages?

I would've been in the 1930s.

I'm much more of a monetarist than a fiscalist, although I'm not at all opposed to government investment.

To clarify: stimulus is effective only marginally, but it still "works".

Quote from: Meta Cognition on November 02, 2014, 02:28:16 PM

Quote from: Dustin xBigD on November 02, 2014, 02:27:04 PM

You're in support of stimulus packages?

I would've been in the 1930s.

I'm much more of a monetarist than a fiscalist, although I'm not at all opposed to government investment.

To clarify: stimulus is effective only marginally, but it still "works".

Just like breaking windows does create business for window installers.

That would only be true if crowding out was a problem during recessionary time-periods, which is suspect. Nonetheless, that's pretty much exactly the reason I oppose fiscal stimulus and support monetary stimulus; political discretion is oftentimes a joke.

As for government spending as a whole, it really only need happen in instances where the market is quite obviously failing to provide sufficient infrastructure and, even then, it should include the market in its financing.

Government should prioritize the people first in the form of tax breaks, reductions, and even tax free weekends.

I agree so long as deductions aren't included.

You're just saying that because he's black.

Quote from: SmileySammy on November 03, 2014, 02:13:22 PM

You're just saying that because he's black.

Everybody knows black people produce more impressive inflation.

ayy