Wednesday 19 June 2013

Paul Krugman: NYT Writer Wants Less Austerity — a Recipe For Fiscal Disaster

Sal who has business experience believes he knows more that Professor Krugman about economic macro management?

Thank you Sal, but please really do the math! You are wrong. Leaving people untreated for illness and poverty costs much much more than dealing with the problem. It's like building a road and whether you pave it or leave it unpaved. By paving a road you reduce costs in the long run by the savings on the wear and tear on vehicles, faster travelling times and a host of secondary benefits. 

Sal you would be right if spending were wasted on frivolous road paving. That's where you need to put your emphasis on fiscal responsibility. Make sure the roads you build and the assistance you give to those less fortunate is sound in a physical sense and the fiscal issues will take care of themselves with higher productivity and incomes to buy the products from your business.

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Sketches from scratches is a provocative blogspot that has grown out of the Wuh Lax experience. It is eclectic, which means that it might consider just about anything from the simple to the extremely difficult. A scratch can be something that is troubling me or a short line on paper. From a scratch comes a verbal sketch or image sketch of the issue or subject. Other sites have other stuff that should really be of interest to the broad reader. I try to develop themes, but variety often comes before depth. ... more!