tag:blogger.com,1999:blog-12257856.post2131930397744955137..comments2024-01-20T12:46:47.740-05:00Comments on To Get Rich is Glorious: Chart of the dayColinhttp://www.blogger.com/profile/03573575140584770666noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-12257856.post-14238570844949381962010-12-23T23:33:16.186-05:002010-12-23T23:33:16.186-05:00no, as Krugman said the stimulus just wasnt' b...no, as Krugman said the stimulus just wasnt' big enoughvincehttp://www.vince.comnoreply@blogger.comtag:blogger.com,1999:blog-12257856.post-4902446043763454542010-12-18T18:05:35.408-05:002010-12-18T18:05:35.408-05:00Good point.Good point.Colinhttps://www.blogger.com/profile/03573575140584770666noreply@blogger.comtag:blogger.com,1999:blog-12257856.post-17018271717468263102010-12-18T17:08:26.560-05:002010-12-18T17:08:26.560-05:00You have it mixed up: the government spends first ...You have it mixed up: the government spends first and then borrows. They can actually run a deficit without sterilizing thus stealthily taxing it's citizens via inflation. This is an unfortunate fact and is the basis for the dangerous economic school knows as Chartalism or Modern Monetary theory. Many in this school argue that since govt spending is not constrained the govt, in its infinite wisdom, should assure full employment (how and in what industries they don't expand on).Cash212https://www.blogger.com/profile/13179294338521607452noreply@blogger.com