Quote:
Originally Posted by jyl
The Fed's problem is that while they have been doing their job of enabling the recovery through supportive monetary policy, for the past couple years Congress has been hurting the economy through tightening fiscal policy - and bouts of no policy at all (aka government shutdown, budget stalemates, etc).
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This thinking it presupposes that government activity adds to the economy. It is the thinking that if the government hires one group to dig a hole, and another group to fill it in; that we will have a net -add- to the economy. Of course, we could simply print more money and handed out to the hole diggers, and hole fillers as if they had done the work.
TSA workers? All of those people who " work" to check your car for proper emissions? Yeah, those would be job programs.