The pump priming of US financial markets will die an honorourable death come June 30, 2011.
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Moreover, even if all the spending is new--extremely unlikely--pump priming loses its effectiveness over time.
The Conservatives are opposed to the idea of pump priming initiatives which are not clearly funded by savings elsewhere.
Giustra, whose gold positions increase in value every time Fed Chairman Ben Bernanke institutes quantitative easing, does not think this option will be successful in pump priming the US economy.
The string of measures was a strange mixture of well-meaning steps at social reform, half-baked schemes for quasi-socialist industrial planning, regulation to protect consumers, welfare programs to help the hardest hit, government support for the cartelization of industry, higher wages for some, lower wages for others, on the one hand government pump priming, on the other public economy.
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This time the pump-priming may come too late to relieve a far more serious downturn.
The government also has plenty of scope for pump-priming after achieving a surplus for the past four years running.
Proponents of the centrally planned pump-priming, deficit-spending welfare state see the gold standard as the enemy of a healthy economy.
In one sense, it is a mystery why Tokyo is continuing to make mistakes when it comes to government pump-priming.
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Milton Friedman famously used Japan to argue that fiscal pump-priming didn't work.
But he said after "pump-priming" the brand, it was now the right time to look for others to come forward to support it.
Other pump-priming measures include increased social security spending, new investment in agriculture and a package of inducements and tax credits to encourage exports.
Since many American states are forced, by law, to run balanced budgets they cut spending or raise taxes in a downturn the opposite of Keynesian pump-priming.
The more that China's economy relies on the private sector and the less on pump-priming by the state, the faster it is likely to grow.
Towards the end of the year, the first post-Daim budget can be expected to prompt questions about how long Dr Mahathir's pump-priming can sustain him.
It signals a winding down of the pump-priming policy brought in to maintain high economic growth in the wake of the Asian financial crisis of 1997.
In plain English, this means that any investments in pump-priming infrastructure projects, including capital construction schemes, had to be funded by savings in government spending as a whole.
The trouble with both the banking package and the traditional pump-priming is that they fail to address the real problem: that the private sector is awash with debt.
Won't that require pump-priming money while the system is changed?
The Center for Security Policy believes that historical experience validates the view expressed by Landsbergis and rebuts the pump-priming approach advocated by apologists for the Soviet regime like Shevardnadze.
Moreover, pump-priming has been more effective in Asia than in America or Europe, because Asian households are not burdened with huge debts, so tax cuts or cash handouts are more likely to be spent than saved.
My main online tool for priming the pump for the launch of the book was the blog.
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On the economy, Bush's program of granting incentives to high-income brackets to drive investment and boost demand and job growth might just succeed in priming the pump.
The government has also kept its promise on not priming the economic pump but over stimulating the economy.
The transaction will only turn out to be important if it is the priming of a financial pump that then gushes a flow of Chinese money into British roads, rail, hospitals and the other things that our indebted government is struggling to afford.
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