10.14.08
Superbad Economics
Or, the Emperor Has No Clothes, Part 2
Yesterday this dilettante writer risked reputation and self-esteem to go on a bit about the economic meltdown. Having survived, today will look at the other side of Supply-Side Economics. Giving to those who already have is the dominant economic policy of the past 25 years. (“God Bless the Child,” as Billie Holiday would sing.)
Here’s another way to run a nation: Why not put money where it will actually benefit people? (I know, it’s a crazy thought.) My good friend and neighbor who manages large construction contracts says supporting infrastructure improvements would generate scores of jobs, and flush millions through the economy. Goods, such as concrete, iron and other materials, would enjoy strong sales, local governments could improve their communities … and let’s not overlook this tiny benefit: PEOPLE WOULD HAVE JOBS.
Infrastructure is only one example. What about our schools? Why did the Pitt County government, to use only one example, have to eliminate its Gifted and Talented Program this year? Surely it’s not because there’s no money: Somehow, someone has come up with an unspeakable amount to purchase bank stock today.
Funding schools … building them, too … would also put people to work, not to mention this tiny benefit: OUR CHILDREN WOULD HAVE A STRONG EDUCATION.
My friend, Charlie, calls this Demand Side Economics. I say, Great idea.
TOMORROW: Get out of my House, or Why Aren’t Adjustable Rate Mortgages a Crime?
