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Originally Posted by Cannon Shell
The problem with the first stimulus was there wasnt much actual stimulus in it. There were much better ways to spend that money that simply werent going to be popular with the party in charge. The idea for the stimulus should have been to help private business recover as opposed to replacing it. The idea that there would be 25% unemployment without it is laughable.
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i'm just using the great depression as a model for my 25%. that was the last example i could think of that was more than a thought experiment.
it's the only one i could find where the argument that government as the last stand when the market fails was actually tested until the fall of 2008.
if you think the market never fails, this example won't matter.