Economics, politics

[hudebnik]

See this NY Times article about the effects zero-interest borrowing is actually having on the US economy.

Posted via m.livejournal.com.

Comments

[hudebnik.livejournal.com]

I don't know that a WPA-like program would be a better way to do that, then for the US Government to just purchase new highways, new alternative fuel vehicles, and so forth.

Sure, in some cases you can just announce a government purchasing program, somebody will bid on it and will have to hire in order to fill the order. I have no problem with contracting some of this stuff out; I don't really care whether people get their paychecks from the government or from a company hired by the government, as long as they get paychecks for doing something useful.