The Forum > General Discussion > The PM did NOT lie about the carbon tax. If you can prove she lied, I'll donate $50 to any charity.
The PM did NOT lie about the carbon tax. If you can prove she lied, I'll donate $50 to any charity.
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Keynesians believe government stimulus spending will boost employment
and consumer spending, thus flipping the economy back to its “normal”
expansionary setting. But bailouts and stimulus packages of the past
few years have produced only anemic results, and central banks and
governments can’t afford much more of the same.
Free-marketers nurture faith that if government spending shrinks,
that will liberate private enterprise to grow profits and jobs.
Yet countries that implement austerity programs show less economic
growth than those whose governments borrow and spend—until the
spending spree ends in bond market mayhem.
Neither side wants to acknowledge that its prescription no longer
works because that would imply the other side is correct. But maybe
both are wrong and growth is simply finished. There are, after all,
limits to both resources and debt.
unquote
This is what our politicians are struggling with, it is just that
they do not realise it yet.