Quote:
Originally Posted by MS Fowler
Don't believe I ever maintained that it was "worthless".
But was it worth what it cost you, and me and our children and grandchildren? On that I would say it was not worth it.
Advocates say it prevented a depression. Maybe; maybe not. But How moral is it for us to spend huge sums of money to keep us out of depression while passing the cost on to generations yet unborn? Strikes me as the height of self-serving.
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"passing the cost on to generations yet unborn?" I could say the same about the Bush tax cuts.
It is very hard to prove economic theory. It is widely accepted that increasing the money supply is inflationary. No one can prove it.
Gov stimulus is the same.