Medieval Economics
March 14, 2009 3 Comments
They pushed through a giant pork/spending bill by calling it “stimulus” – a piece of terminology that means nothing based on gross theories about the economy that have no sound basis. If the economy recovers soon (though so far, things don’t look so hot), they will take credit and say the “stimulus” is what did it. If not, they will simply say that the “stimulus” wasn’t big enough. So either way they can’t be wrong. See how that works?
This is sort of like a medieval doctor who says that a patient needs to be bled to release his toxic humours and fluxions, etc. – pieces of terminology that meant nothing based on theories about biology that had no sound basis. If the patient recovers, the bleeding of the humours is what did it. If the patient doesn’t recover, and dies, well….I guess we just didn’t bleed the patient enough!
Same logical content.
All brought to you by the “Reality-Based Community”, of course.
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I have a bad feeling you’re right about credit for the stimulus. Either way they can paint it it as a win for their side, and most folks won’t take the time to think about it a little further. Recessions don’t last forever, and we’ll eventually get out of this one, but I’d hate to see our comeback ascribed to the wrong cause. It’ll be our own hard work, and not the actions of government, that drag the nation back into prosperity – until the bill for all this debt comes due.
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