Comment 59597

By Pxtl (registered) - website | Posted February 11, 2011 at 17:38:15

@A Smith - dunno about '91, but to me the '01 and '09 logic is obvious - spending on health and education didn't ramp up and cause the recession, they ramped up because both of those recessions were caused by empty-money booms. DotCom and housing boom created massive property and income tax balloons that were funnelled into education and health.

And then the invisible hand went and gave us the invisible middle finger, and all the money went away.

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