Encouraging the Boom-Bust Cycle

Long ago, economists theorised that the swings in economic prosperity could be damped if governments reduced spending in flush times and increased it during recessions. Oddly, politicians usually do the reverse. Note how American Republicans suddenly got religion in reducing the deficit only during the current recession. They ballooned it during the boom years of the early Bush-43 administration.

~ Roedy (1948-02-04 age:69)