Elizabeth Barrette (ysabetwordsmith) wrote,
Elizabeth Barrette
ysabetwordsmith
  • Mood: busy

The Importance of Government Spending

... is not just to boost the economy, but also to jumpstart technology.  When we don't do this, other countries that are willing to do it start getting ahead of us.  If you want to keep chanting "America is #1" -- and be talking honestly about something other than the prison population -- then you have to pay for it with government spending in education and the sciences.  There ain't no such thing as a free lunch. (Link courtesy of my partner Doug.)
Tags: economics, history, news, politics
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  • 17 comments
...go 5 levels up... Expand
ysabetwordsmith

O_O

ysabetwordsmith

January 27 2011, 04:45:24 UTC 10 years ago

>>I wonder what a market would look like wherein individuals actually have perfect information, though.<<

I've been an advocate of transparent markets and consumer information. But when I think of what actually goes into products ... sheesh, you might as well tie the economy to a post and shoot it through the head.
ford_prefect42

Re: O_O

ford_prefect42

January 27 2011, 23:10:48 UTC 10 years ago

Transparency is one issue on which I am pretty confident we can agree. Both in government and in industry. Hell, I wouldn't even mind if they required companies to publish the injury rates in the factories that made their goods on the packaging. I think that would be a good way of encouraging good worker safety standards and of informing consumers of the reality of industrial processing.

I don't think that it would significantly hurt the economy to have more transparency. Is there anyone that doesn't already *know* that peanut butter contains rat droppings? Everyone just... Doesn't think about it.

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