Quote from jem:
It stimulated for a few months - by spending a fortune to bail out the banks.
If you are going to spend money give it to the tax payers directly. Otherwise you are screwing us.
Because now that the stimulus is wearing off - we are heading for a double dip.
I agree. I don't know if Keynes or Hayak is correct, only time will tell. My fear with Austrian Econ is what happens when you the cities can't afford basic services like Police and Fire.