Showing posts with label stimulus. Show all posts
Showing posts with label stimulus. Show all posts

Friday, March 11, 2011

Keynesian economics: people still don't get it



Republicans complain that bad government policies lead business to put trillions (yes that much) of cash under the pillow, instead of investing it.  So, they say, we should cut spending so that business will spend.  Well somebody's got to spend it and Keynes demonstrated (and the New Deal and WWII proved) that money is money and if they won't spend it government should.  The United States Treasury is not your household budget.  But as the U.S. hovered in 1937 on the edge of a double dip depression, the public didn't get it.  And they still don't  h/t Paul Krugman

Monday, July 19, 2010

Stimulus: Shanghai-Nanjing intercity railway starts operation

This is the equivalent - geographically and economically and ecologically of a high speed rail line between New York City and Boston. 73 minutes by rail! And it is not a test-case. There is already such a link from Wuhan to Guangzhou (like Miami to Chicago) and the Beijing to Shanghai link is about to start track laying.
Shanghai-Nanjing intercity railway starts operation