Saturday, April 09, 2011

All Spending Is Good Spending

At least from the perspective of the economy and unemployment. This isn't true in normal times, but we are not in normal times. If we can't act think of anything better to do with the money, we should be paying people to dig holes and other people to fill them up again. Or, perhaps, in more modern terms, pay people to build freedom bombs and other people to conduct controlled explosions of them. There are better or worse ways to spend money, but it still the case that if you cut spending on basically anything it will be a drag on the economy.