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By A Smith (anonymous) | Posted November 11, 2008 at 15:27:04
Rusty, I can't prove that increasing government spending causes slowdowns (even though the numbers point to a strong correlation), but you can't prove that it brings about recoveries.
We are both going on what we "feel" is the best course of action.
However, I believe everything in life is about balance. Therefore, the more people rely on government to help them, the more the universe counters this intention.
When government treats the people poorly, the universe counters this with a great economy.
How else do you explain the fact that as tax rates have fallen, tax collections have risen. This seems counterintuitive and yet the numbers show this to be the case.
Think about Hong Kong and Singapore, both countries with extremely low import tariffs and yet both have dynamic, fast growing economies.
In fact, even though Singapore's GDP (nominal US dollars) is listed at $162 Billion in 2007, imports come in at $252 Billion, while exports are $303 Billion. By allowing themselves to be weak, Singapore has helped other countries to prosper. The universe recognizes this and returns the favour in kind.
If complexity is the metric we use for proof of concept, then kindness and charity have no place in this world. If you believe this to be the case (which I don't), then nothing any of us does matters anyways, since the answers to our problems are too complex to understand.
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