Can We Really Stimulate Our Way To Prosperity?

2013-04-12_marathon

There are many people who can detail the rationale behind this comic far better than I can.  Below are a few links that touch on the concept illustrated in this cartoon – some directly, some more peripherally.  Of course there are technical differences between fiscal stimulus and monetary stimulus, but from the point of view of the average consumer, the effect is the same.

 

A brief overview of monetary stimulus.

A bit more of a “fun” overview of how quantitative easing works:

 

This video details a “Misesian” objection to stimulus spending:

 

This video details the objection of an Austrian economist investor to government intervention in the market:

 

A “Monetarist” explanation of the link between stimulus and the negative effects of inflation:

 

However, there are those out there that prefer hard numbers and a more empirical approach before they’re willing to take a particular stance on an issue.  See if the above theory at all parallels the story told by the data in the videos below:

(If you’ve the time, watch all three videos – Part 1)

 

And if you’ve a lot of spare time, have a look at this video.  It’s titled the Austrian Theory of the Business Cycle, but it presents these ideas primarily using work of Hayek and other neoclassical economic models:

 

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10 thoughts on “Can We Really Stimulate Our Way To Prosperity?

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