Recent comments by Arup Biswas

• Hopeless Unemployment

  When the market is in a economic depression-like situations, as in 1933 or 2008, no amount of tax breaks will motivate the private businesses to use the money to create jobs. Why should they? What would they do by manufacturing excess goods and services, if people do not have money to pay for it? Deficit spending by government is like a starter for the failing car, it boosts the economy in the short term, by giving money in the hands of the people, so that they can buy the goods and services from the private enterprises which leads to a positive feedback cycle. Once the economy goes back to the upward ramp, government can disengage. This is the guts of Keynesian economic principle, that has been proven correct innumerable times including the great depression. So, why does the market fanatics find it so hard to accept? Come back to earth, people.