dippin

The fact that you insist on focusing solely on 1893, the fact that you somehow fail to understand the point of how that recession was ended by a gold rush, and the fact that you think my point has anything to do with government intervention ending that recession all point to the fruitlessness of continuing this discussion with you.

Because if you think that a recession that was cut short by an exogenous event provides the example of how to act, then we have nothing to do except pray for a big giant comet made of diamonds to fall out of the sky.

There is a reason why every responsible conservative economist supports fiscal stimulus, even if they disagree about the make up of the fiscal stimulus. They might support fiscal stimulus mostly through tax cuts, but even they support these tax coming from deficit spending.