A Question of Government Economic Intervention …

Can anyone identify any government that has, in fact, by its intervention improved its economy?Heavy Hand


About Jack Curtis

Suspicious of government, doubtful of economics, fond of figure skating (but the off-ice part, not so much)
This entry was posted in Ecomomics, Goverrnment, Politics, Uncategorized and tagged , , . Bookmark the permalink.

2 Responses to A Question of Government Economic Intervention …

  1. Rawclyde! says:

    I think that, in the early days of the Obama Administration, the government saved us from an economic depression by intervening… FDR’s intervention via Social Security Insurance was probably advantageous to the economy ~ or at least to the old folks… And our intervention in WWII, I’m sure, was a giant step forward… When Jefferson purchased the Louisiana Purchase, I’m sure, that bolstered the economy. Can we count that, though, as an “intervention”?

    • Jack Curtis says:

      Right, Social Security helped a lot of old folks – but it is now running massive deficits that are increasing the national debt. I’m not sure that qualifies as an improvement for the economy?

      Presidents Bush and Obama presided over the ‘stimulus’ spending and the recapitalizing of the failing banks at taxpayer expense; there seems little doubt that prevented their immediate failure. However, it seems arguable whether the economy has actually recovered or not, and said banks are again at risk as is the government itself with its now likely unrepayable debt. We may add that the Fed’s low interest policy has bankrupted numerous state and local pension funds, throwing such governments’s solvency into question. The end effect of all that government intervention seems to me at present, open to question. But then, you know my take on government, right/

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