Bruce Bartlett Befuddles CNBC's Larry Kudlow By Advocating Stimulus Spending
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Larry chews the Kudlow?
Tsnore 1 month ago
Maybe Kudlow should go back to his alcoholic stupor like he did when he got fired from Bear Stearns.
Kudlow is a crappy economist and thinks in partisan, not economic terms. Furthermore, Kudlow often thinks in extremes saying that the U.S. is running the economy exactly like Europe when this is simply not the case.
Kudlow never saw the 2008-9 crash coming and is not respected by money managers who actually need to be correct in their jobs.
TheSnoopy1750 5 months ago
@srpenquino so building bombs to kill people is ok spending but capital improvement projects to to help our country is not?
force19772000 6 months ago
Bartlett is great because he actually thinks and doesn't blindly apply ideology...I love the look on Kudlow's idiotic supply-side face as he listens to the heresy. Bartlett simply knows a lot more about economics than Mr. Kudlow.
huckfinn135 7 months ago
@srpenquino
Taking resources from various warranted economic employments (production of consumer goods, capital accumulation) and redirecting them towards the production of bombs, tanks, etc, which will be destroyed in foreign battlefields, is the opposite of economic growth. It is literally the destruction of wealth. This is why, throughout history, wars has been the end of civilizations and have caused monumental economic catastrophes. Never mind the sociological effects of war.
Questfortruth86 1 year ago
@Questfortruth86 Domestic millitary maunfactuing [making and then buying bombs] DOES ceate economic growth as well as mechanical, scientific and technological inovation in a country.
srpenquino 1 year ago
@mahmooa1
Both...
randyguitarman13 1 year ago
@randyguitarman13 Kudlow is the tool
mahmooa1 1 year ago
Bartlett is a tool...
randyguitarman13 1 year ago
This guy's entire fallacious argument was refuted by Bastiat in the 19th century. Simple logic tells us that taking money from A in order to pay B to dig and refill ditches is not "economic stimulus." Either way, Larry is also incorrect. Lowering taxes without cutting spending on perpetuates and deepens the problems (crowding-out effect).
His analysis of the depression is naive and overly simplistic, nor does it correspond to the facts. Spending money on bombs does not cause economic growth.
Questfortruth86 2 years ago