Further to what I said recently about a real stimulus to revive a depressed economy:
A stimulus ought to be a genuine job generator. Experience shows it should work quickly and be practical, not effective after the eventual, normal recovery would have occurred. After all, there are frequent normal cycles in an economy.
Moreover, a real stimulus will not change the country’s political and social infrastructure. To many politicians, a stimulus is the hope of political opportunity.
The stimulus should not be an excuse to provide political payoffs. A stimulus is not supposed to promote voter turnout or change the form of government. And it certainly should not cause inflation to endanger our children and grandchildren in the future..
No comments:
Post a Comment