Justin Bieber fans??? On Thu, Oct 4, 2012 at 12:21 PM, MJ <[email protected]> wrote:
> > *Stimulus Spending: Who Exactly Is Being Stimulated? > *Posted by Walter Block <[email protected]> on October 3, 2012 07:17 PM > > Please click here <http://mises.org/MultiMedia/Block/Block_02-03-2009.mp3>for > the interview (February 2, 2009). > > In this interview with Jeff Crouere at Ringside Politics, we covered the > benefits and costs -- and especially the unintended consequences -- of the > government's fiscal policy, also known as "stimulus." *There are ways > that the government can raise money: taxes, borrowing, and by essentially > printing the money. Whenever the government implements a stimulus plan, > the money must come from somewhere or rather from some people. In What > Is Seen and What Is Not > Seen<http://www.econlib.org/library/Bastiat/basEss1.html>by Frederic Bastiat, > he pointed out that whenever the government spends > money to create something, we tend to see only that which was made; > however, we forget about the unseen, which is what could have been made--had > people not been taxed in the first place. If the money is borrowed, it > must eventually be repaid (guess by whom?), and if the money is created, > then we incur the consequences of inflation and a devalued currency--to > name a few. If stimulus spending is viewed from the perspective of the > whole United States, then we have to ask, "when you take money from people > and give it to other people, then how do you benefit both of them?" > > *Please listen to the interview for more! > > -- > Thanks for being part of "PoliticalForum" at Google Groups. > For options & help see http://groups.google.com/group/PoliticalForum > > * Visit our other community at http://www.PoliticalForum.com/ > * It's active and moderated. Register and vote in our polls. > * Read the latest breaking news, and more. > -- Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more.
