On 2/5/07, paul phillips <[EMAIL PROTECTED]> wrote:
It has always been a contention that an economy can not prosper by each of us 'taking in each other's laundry'. Yet, that seems to be what is happening in the expansion of the service sector that Doug refers to.
Given sufficiently large fiscal stimuli why can't the economy "prosper" by everyone 'taking in each other's laundry'? Theoretically the government should be able to pay every unemployed citizen to do nothing but dig ditches and fill them back up all day, correct? Also how much of the low unemployment can be attributed to the massive spending in the defense and homeland security sectors? -raghu.
