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[quote user="Sam1"] "It takes a dollar and turns it into two dollars." Have minored in economics at the undergraduate and graduate level, I am familiar with Keynes' arguments regarding the benefits of deficit spending during economic downturns.    Economists differ widely on the impact of stimulus spending.  Those on the left, some of whom are Noble Prize winners, argue that a federal dollar of deficit spending has a multiplier impact of $1.13 to more than $1.50, although I have never seen a prediction of turning a dollar into two dollars.  Equally well credentialed (Noble Price) economists on the right argue that Keynesian economics is seriously flawed. Recently, the dean of one of the nation's premier business schools observed that the predictions of economists enhance the creditability of those of astrologers.  Take your pick. <div style="clear:both;"></div> [/quote] Turning one dollar into two by spending was recently claimed by democrats to be the result of unemployment compensation.<o:p></o:p>  <o:p></o:p> You mention the people on the left promoting Keynesian economics.  That is a natural alliance because government run stimulus grows government as a side effect of what it does to the economy.  So it is not surprising that most leftists are Keynesians and vice versa.<o:p></o:p>  <o:p></o:p> However, our current stimulus spending is being done by borrowing money from the future production and prosperity of the private sector so it cannot possibly work as stimulus.  With that kind of stimulus, all it does is grow government.  As stimulus, it is a ruse.<o:p></o:p>  <o:p></o:p> Obviously, if it worked, we would have discovered a magic wealth-creating machine.
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