Under What Theory Do We Economically Recover?

Optimist or Pessimist? (PART TWO)

One part of scientific research appears to consistent of finding out which things make common sense and proving them wrong. We seem to think it's a waste of research dollars to prove what is obvious, but when we have a study that shows a contrary position, it always concludes with "more research is needed."

Butter is good, then butter is bad. Diet soda is good, then its bad. We can't seem to make up our minds. Yet at least each position has some theory that makes sense. Avoiding fat is good, but all-natural products are also good.

In our government, we appear to have an economic theory which goes like this: if you borrow money and deficit spend, everything will work out in the end. I have a simple question: what is the rationale behind this optimistic belief?

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