it's deficit spending -- economist Andrew Samwick in an NPR commentary: "It's ironic that the proposed cure for our economic woes is just a
different strain of the disease. Cheap credit and imprudent lending
policies by some bad actors in recent years led to over-consumption and
over-investment in the real estate sector .. But hindsight does not appear to be 20/20. If we acknowledge that bad
loans fueled the mess, then why would we [continue to precipitate over-consumption and malinvestment] through additional borrowing by the government? No good explanation comes to mind."
IT'S NOT A STIMULUS,
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Greg Ransom has a degree
in Political Science
and an advanced degree in
Philosophy, with a specialty
in the philosophy of science
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Ransom studied with
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Alex Rosenberg and
Larry Wright.
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