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Sunday, May 18, 2008

The Monster Within

I just poked EconomistMom in the eye again. I bet the people at that site think I am a troll. I'm not trying to be, of course; I actually think my comments (which have been ignored thus far) are cogent. But maybe that's what every troll thinks!

UPDATE: EconomistMom answered me, so maybe I'm not a troll after all. Then Gene jumps in to hit a lady (and a mom!). I think all three of us actually agree on the case of government increasing spending today by increasing the deficit. But where Gene and I differ with her is that EconomistMom (I presume) thinks it might not make our children poorer if we raise spending today and then raise taxes today to pay for it. I think what she has in mind is that if you raise taxes to pay for it, then you get government goodies today largely at the expense of private goodies today. Whereas if you finance with deficits, you get government goodies today and private goodies today, with less private investment.

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