He sounds like he’s ready to spend on capitol projects at the moment.
In his book he calls for government spending on capital projects in order to kick-start private investment in expanding their businesses (and payrolls, ultimately leading to more employees in better paid jobs and therefore at a higher taxable level)
Look, that’s great in the short term, but after what we’ve seen in the last 30 years, I don’t know how anyone can put any faith in private investment anymore. We’ve had 2 market crashes, at least 2 instances of severe real estate value depression, Vishna knows how many bailouts and what to show for it? Look at the telecoms in (frankly, anywhere, they’re all shit) the US - for a decade they put a surcharge on every single bill that was supposed to help them expand high-speed internet to all parts of the country, not to mention the billions of dollars the federal government provided. The result? Rural areas are still on dialup!
We don’t need fiscal conservatism right now either. People are suffering and they’ve been told to tighten their belts too many times.
He sounds like he’s ready to spend on capitol projects at the moment.
In his book he calls for government spending on capital projects in order to kick-start private investment in expanding their businesses (and payrolls, ultimately leading to more employees in better paid jobs and therefore at a higher taxable level)
Look, that’s great in the short term, but after what we’ve seen in the last 30 years, I don’t know how anyone can put any faith in private investment anymore. We’ve had 2 market crashes, at least 2 instances of severe real estate value depression, Vishna knows how many bailouts and what to show for it? Look at the telecoms in (frankly, anywhere, they’re all shit) the US - for a decade they put a surcharge on every single bill that was supposed to help them expand high-speed internet to all parts of the country, not to mention the billions of dollars the federal government provided. The result? Rural areas are still on dialup!