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By DowntownInHamilton (registered) | Posted June 17, 2012 at 22:35:00 in reply to Comment 78596
What I did say, was that society would be better off paying idle workers to build infrastructure rather than sitting at home. Here is a list of some of the infrastructure projects we could create... http://en.wikipedia.org/wiki/Infrastruct... Are you suggesting that none of these projects would provide an opportunity, for people like your dad, to create value for society?
You didn't say it, you implied it by saying previously, that (incorrectly) I'd like to see people sleeping in cars. Simply creating and investing in make-work projects will not get us out of the recession (did it work during the Great Depression? No, a world war did).
I'd like to think I know a thing or 2 about economics. I disagree completely with your opinions.Are people saving more? Is that why household debt is at record highs? Naturally, when jobs disappear and people are worried about the future, they tend to save more (but not in long-term investments as you suggest). I'd posit that your long-term investments are at historic lows because people can't afford to invest in things that don't have a quick payout.
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