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Fred W. Frailey: The curtain goes down on U.S. high speed rail
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<p style="margin: 0in 0in 0pt;" class="MsoNormal"><span style="font-family: verdana,geneva;"><span style="font-size: small;">If the government had a supply of real money and pumped it into the economy as stimulus, I see no reason why it would not work.<span style="mso-spacerun: yes;"> </span>But when the government borrows from our future and gives it to us as stimulus, the business sector sees the stimulus money, but they also see a future tax increase to pay for it.<span style="mso-spacerun: yes;"> </span>So the latter cancels out the former.</span></span></p> <p style="margin: 0in 0in 0pt;" class="MsoNormal"><span style="font-size: small;"><span style="font-family: verdana,geneva;"><span style="font-size: small;"> <o:p></o:p></span></span></span></p> <p><span style="font-size: 12pt; font-family: 'Times New Roman'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;"><span style="font-family: verdana,geneva;"><span style="font-size: small;">But I do remember my economics professor telling us that the discovery of Keynesian stimulus has made recessions a thing of the past.</span></span><span style="mso-spacerun: yes;"><span style="font-family: verdana,geneva;"><span style="font-size: small;"> </span></span> </span><span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span></span></p>
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