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Yours is one more voice for the so-called Modern Monetary Theory.

Its false premise is that government spending stimulates economic growth to the same degree as private investments. The stimulus in 2009 brought a return of about 80 cents for every dollar spent. It revived the economy at the time of crisis, but at the cost of about $200 billion.

Then, the more government spending, the less efficient it is.

The New Deal was the first government-run project of that scale, and from what I am reading, it was much less corrupt than whatever has followed.

Your option is for the United States to follow the path of Argentina.

Also, I lived in Poland when it adopted your strategy in the 1970s. I did not forget all the pains of the total economic collapse and see it as my duty to warn Americans.

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Henryk A. Kowalczyk
Henryk A. Kowalczyk

Written by Henryk A. Kowalczyk

Many tell us what to think. I write to ask you to inquire. Question me. Have fun. Contact: hak1010@yahoo.com.

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