1) Is the gov't correct in assuming recessionary deficit spending is the optimal course?
When asked what we should do during these tough times, the results are in:
- 300,000,000 micro-economists of average intelligence answer: SAVE
- Handful of brilliant gov't economists answer: SPEND
2) Does the gov't have a right to engage in recessionary deficit spending?
Should not the government represent the will of the people? When the people have so clearly indicated that now is the time to save, does the gov't have a right to defy our collective will and force us to spend?
To put this in perspective, just imagine if we held an election and the results were in:
The People want: DEMOCRATS
But someone, let's say the military or other power stepped in and said, "No, that's the opposite of what you need during this crisis and instead appointed: REPUBLICANS
Wouldn't that be cause for revolution?
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