Thursday, February 05, 2009

"new landonists"

Harold Meyerson does a good job here explaining (again, and generally using small words) why stimulus packages involve spending money (by definition). And how that debt incurred is analogous to an investment. When you go into debt to buy a house, you have a house. When you go into debt to repair a bridge, you have a nice usable bridge.

It's just not that hard.


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