Tuesday, January 29, 2013

No Money For Nice Things

There's the basic macroeconomic issue - not enough stimulus, not a fast enough recovery, economic misery for millions - but there's also the no money for nice things problem. And by nice things I mean government spending on useful things other than flying death robots. We can borrow money for free now. Once the economy speeds up, if it does, that won't be the case. There's a tremendous missed opportunity, in part (but not just) because of Joe Scarborough and his stupid friends.