22.05.12

. The reviewer punches a group of holes in Welch’s thesis – and to be sure, a psychotherapist can’t promulgate a living curing mental pathologies unless there are plenty of pathologies out there, and some therapists are not above inventing new ones from thin air. But Welch’s crucial argument survives the review, holes and all.

Anyway, now here comes John E. Schwarz, Professor Emeritus of national science at University of Arizona, whose Washington Post op-ed reasonably asks “Why is tax-and-expend worse than borrow-and-spend?”  His reasonable responsible: It’s not worse, it's better. It’s not only more moral (because it doesn’t take food out of  children’s mouths) but it’s also well-advised b wealthier economically. Schwarz shows that job creation has been far greater under Democratic administrations for the gone 50 years. No,they were not all government jobs! They happened because government invested in extravagant and risky new technologies, entailing R&D costs that no single company would pay for. The results were commercialized, creating pongy chief-paying private-sector jobs. Without increasing the National Due. hypotheses, and in deriving conclusions from the results.

Source: Science 2.0

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