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Text File  |  1992-11-18  |  1.5 KB  |  36 lines
  1. Newsgroups: sci.econ
  2. Path: sparky!uunet!caen!jwh
  3. From: jwh@citi.umich.edu (Jim Howe)
  4. Subject: Re: A Supply Side Call to Arms
  5. Message-ID: <m2F=Rj+@engin.umich.edu>
  6. Date: Wed, 18 Nov 92 09:53:57 EST
  7. Organization: IFS Project, University of Michigan
  8. References: <1992Nov14.172226.5605@desire.wright.edu> <1992Nov15.190249.11564@midway.uchicago.edu> <0#F=S+-@engin.umich.edu> <56352@dime.cs.umass.edu>
  9. Reply-To: jwh@citi.umich.edu
  10. Nntp-Posting-Host: tarkus.citi.umich.edu
  11. Lines: 23
  12.  
  13. In article <56352@dime.cs.umass.edu>, yodaiken@chelm.cs.umass.edu (victor yodaiken) writes:
  14. |> In article <0#F=S+-@engin.umich.edu> jwh@citi.umich.edu writes:
  15. |> >I don't know, spending under Bush rose 28%.  Spending as a percentage
  16. |> >of GNP went from approx. 21% to over 25%.  Shouldn't we be seeing
  17. |> >the wonders of Keynesian deficit spending?  We've increased spending
  18. |> >and the economy has gone flat.  Seems like there is more to getting
  19. |> >the economy going that spending more money.
  20. |> >
  21. |> 
  22. |> What form of Keynsianism suggests that all government spending is
  23. |> equivalent? 
  24.  
  25. Perhaps the form originally espoused by Keynes himself?  I believe
  26. that Keynes claimed that *any* spending by government would be
  27. beneficial.  I think the example he gave concerned hiring workers
  28. to dig a hole to bury gold and then hiring people to dig it back
  29. up again.
  30.  
  31.  
  32. James W. Howe                  internet: jwh@citi.umich.edu
  33. University of Michigan             uucp: uunet!mailrus!citi.umich.edu!jwh
  34. Ann Arbor, MI   48103-4943         
  35.  
  36.