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Don Phillips' writing in the November 2008 Trains issue
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[quote user="NKP guy"] <p><font size="4"><font face="times new roman,times">Attn: fiscal conservatives,</font></font></p><p><font size="4"><font face="times new roman,times">The economic house is burning down; no more need for long expositions on economic theory.</font></font></p><p><font size="4"><font face="times new roman,times">As far as spending on infrastructure and the effects of public investment: Harry Hopkins once said to someone complaining about the deficits the government was piling up trying to alleviate the effects of the Depression on the Joe Sixpacks of the country, "People don't eat in the long run; they eat every day." That is the kind of thinking and leadership we need now. Massive spending on infrastructure would help out America in both the short <em>and</em> long term, no matter what theory says right now. Theory got us to where we are.</font></font> </p><p>[/quote]</p><p>We seemed to have suddenly burned up several trillion dollars during the last year or two. I can't understand how you can attribute that to economic theory. I seems pretty practical to me. As far as your suggestion that we are talking about economic theory, I won't speak for others, but I can assure you that I am talking about historical facts and economic axioms, not theories.</p>
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