Comments on: Help the Economy, Get on Food Stamps http://thebillfold.com/2012/06/help-the-economy-get-on-food-stamps/ Everything About Money You Were Too Polite To Ask Wed, 19 Jun 2013 18:46:15 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: tussock http://thebillfold.com/2012/06/help-the-economy-get-on-food-stamps/#comment-7205 tussock Tue, 19 Jun 2012 13:13:50 +0000 http://thebillfold.com/?p=6554#comment-7205 @Rusty Shackleford Keynes would disagree. Which is only to say that this issue (whether distributing money to the poorest members of society is shuffling tokens or priming the pump) is a matter of very sharp and longstanding debate, and Bastiat is not the last word on it. @Rusty Shackleford Keynes would disagree. Which is only to say that this issue (whether distributing money to the poorest members of society is shuffling tokens or priming the pump) is a matter of very sharp and longstanding debate, and Bastiat is not the last word on it.

]]> By: Rusty Shackleford http://thebillfold.com/2012/06/help-the-economy-get-on-food-stamps/#comment-7198 Rusty Shackleford Tue, 19 Jun 2012 06:24:41 +0000 http://thebillfold.com/?p=6554#comment-7198 @mishaps Which studies? @mishaps
Which studies?

]]> By: Rusty Shackleford http://thebillfold.com/2012/06/help-the-economy-get-on-food-stamps/#comment-7197 Rusty Shackleford Tue, 19 Jun 2012 06:24:16 +0000 http://thebillfold.com/?p=6554#comment-7197 Broken window fallacy! All you're doing is shuffling money around. No new prosperity is generated because the cash from the food stamps had to come from somewhere. That money still would have been spent on things, all that's happened is it is being spent on a particular set of things you like. http://www.econlib.org/library/Bastiat/basEss1.html The morality of letting people struggle without food stamps is completely separate, of course. Broken window fallacy!

All you’re doing is shuffling money around. No new prosperity is generated because the cash from the food stamps had to come from somewhere. That money still would have been spent on things, all that’s happened is it is being spent on a particular set of things you like.
http://www.econlib.org/library/Bastiat/basEss1.html

The morality of letting people struggle without food stamps is completely separate, of course.

]]> By: Kevin Knox@facebook http://thebillfold.com/2012/06/help-the-economy-get-on-food-stamps/#comment-7187 Kevin Knox@facebook Tue, 19 Jun 2012 02:47:40 +0000 http://thebillfold.com/?p=6554#comment-7187 @mishaps Thank you for this, the most concise wording of this principle I've seen so far. You will be quoted... @mishaps Thank you for this, the most concise wording of this principle I’ve seen so far. You will be quoted…

]]> By: mishaps http://thebillfold.com/2012/06/help-the-economy-get-on-food-stamps/#comment-7148 mishaps Mon, 18 Jun 2012 20:26:31 +0000 http://thebillfold.com/?p=6554#comment-7148 This is a really important point about economic stimulus policies as well. Study after study shows that money that goes to people who are barely scraping by gets put back into the economy, and usually into the local economy at that. Money that goes to the wealthy goes into investments, not all of which will even be in the USA. This is a really important point about economic stimulus policies as well. Study after study shows that money that goes to people who are barely scraping by gets put back into the economy, and usually into the local economy at that. Money that goes to the wealthy goes into investments, not all of which will even be in the USA.

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