mrstickball on 08 May 2010
@Akvod -
When was the last time that moderate monetary policy wasn't enough, and it required a massive government intervention?
The fact is that most of these recessions (e.g. the most recent housing burst in the US) is caused by bad government policy should be enough to make one weary of further government involvement via infusing the country with deficit spending.
Plus, I must ask when was the last time that America had a major surplus, and actually cut spending/raised taxes to ensure that the deficit from prior recessions/deficit spending was reduced? The closest we got was Clinton, and the reduction of debt was very minute compared to what we owed.
Back from the dead, I'm afraid.
