tag:blogger.com,1999:blog-3758330678390419129.post130645552999568350..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Explaining Government Infrastructure Spending So Even Donald Trump and Paul Krugman Can Understand ItRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-3758330678390419129.post-3117735954250150292016-09-17T12:53:13.024-04:002016-09-17T12:53:13.024-04:00I think the "Lincoln infrastructure spending&...I think the "Lincoln infrastructure spending" was a reference to post-war, Greenback-infused railroad bubbles that bankrupted Jay Cooke.realityfeedhttps://www.blogger.com/profile/14662300549795864983noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-80774167030975062162016-09-16T13:19:26.046-04:002016-09-16T13:19:26.046-04:001. The statists cannot point to that moment in hi...1. The statists cannot point to that moment in history which demonstrates that laissez faire requires an external source of "stimulus". When you press them on it repeatedly, they react like the Indian IRS scammers Tom Woods exposed. Mr. Trombly's article fails to make that point. Austrians always fail to make that point. If there is a need for stimulus, Austrians should just Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-9068868733992651892016-09-16T08:13:46.020-04:002016-09-16T08:13:46.020-04:00An expansion of the money supply is, by definition...An expansion of the money supply is, by definition, inflationary. So-called research is not required. History provides countless examples of governments debasing currency to finance their spending with horrible consequences. Lincoln and Hitler were both tyrants who used inflation to finance war. Railroads and technology improved the American standard of living, not government.<br /><br />Of Haroldhttps://www.blogger.com/profile/14957331777793155656noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-91965856550630082032016-09-16T06:11:12.623-04:002016-09-16T06:11:12.623-04:00I'm unpersuaded and would like to see more det...I'm unpersuaded and would like to see more detail on Lincoln's spending that you claim boosted the economy. I do recall reading that in the early 1860's upon advice from bankers Lincoln killed the Greenback and invented a brand new currency when it was pointed out to him that much of the wealth held by the south was in the form of Greenback currency. In one fell stroke he looted The Other Mr Morrishttps://www.blogger.com/profile/02562641409414992839noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-59351272744467589512016-09-16T01:56:50.749-04:002016-09-16T01:56:50.749-04:00This article unfortunately does not appear to be b...This article unfortunately does not appear to be based on research. Infrastructure spending was what turned America from a bankrupt colony into the strongest economy on earth under Abraham Lincoln. This transition occurred in just four years . It is also what turned a bankrupt Germany into Europe's strongest economy in the 1930s, also in four years. The problem is not the spending but how it luckylongshothttps://www.blogger.com/profile/04011340798261138915noreply@blogger.com