Saturday, October 9, 2010

Time Horizons: Competing Quotations Edition

Mrs. P posted two quotations:
"The lessons of history ... show conclusively that continued dependence upon relief induces a spiritual and moral disintegration fundamentally destructive to the national fiber. To dole out relief in this way is to administer a narcotic, a subtle destroyer of the human spirit."

President Franklin Delano Roosevelt

"For every dollar a person receives in food stamps, Pelosi said that $1.79 is put back into the economy. The U.S. Department of Agriculture cites an even higher figure of $1.84.

It is the biggest bang for the buck when you do food stamps and unemployment insurance. The biggest bang for the buck," she said."

Speaker of the House Nancy Pelosi

The lessons of history, i.e. long time horizon. Back into the economy, .i.e short-term thinking.

1 comment:

David said...

So according to Pelosi's logic, we could simply give people more food stamps..and extend the program to other areas--we could also have big-screen TV stamps, SUV stamps, Caribbean-cruise stamps, etc--and create vast amounts of wealth.

The whole "put back into the economy" meme is very close to the idea of paying people to dig holes and fill them back up again.

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