Re: The Problem With the Country

From: anon (me_at_privacy.net)
Date: 10/26/04 

Date: Tue, 26 Oct 2004 16:59:01 -0400

"William F Hummel" <wfhummel@comcast.net> wrote in message
news:sm2tn0dct42dgjp2clajcvc9u9qmkqi1gh@4ax.com...
> On Tue, 26 Oct 2004 13:16:54 -0400, "anon" <me@privacy.net> wrote:
>
> >
> >"William F Hummel" <wfhummel@comcast.net> wrote in message
> >news:brvsn0db5tjv8lp6r2bo5tvoej3hknq8jd@4ax.com...
> >>
> >> The government can spend as much money as it chooses. It recaptures
> >constraints on real spending are surely not a fiction?
> >
> The only constraint on real spending would be where the government
> preempts the use of the productive capacity of the economy. That
> applied to a limited set of goods and services during World War II.
> The government ran up the debt far higher in proportion to the GDP
> than ever before or since. Yet the economy flourished as never before
> or since for 20 years following the end of the war.

so you suggesting another world war?

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