Animal Planet animation budget must have been non existent. The myth however did spawn a fun video game.

@radx @enoch @eric3579

For one thing, give the executive or legislative power over the printing press in a crisis and they will not willingly give that power up and end up abusing it. For another, if you're simply printing money to spend then you depreciate and inflate your currency commensurately, at least in the long term. Relying heavily on this is the kind of thing that Venezuela does. There's a reason that governments instead take on their fiscal spending as debt. On that I would say, I've also become much more skeptical of fiscal stimulus in general but particularly in corrections or recessions. I'm okay with automatic stabilizers (unemployment benefits, the largely limitless kind with strings attached we have here in Australia) but not so much direct fiscal stimulus.

The fundamental issue to me is large, even extremely large fiscal spending will not affect business confidence levels of economic conditions. There is some fiscal multiplier effects (the multiple of the effect on national income over the spending injection by the government) but the worse economic conditions are, the lower this will be. Also, yes with say infrastructure spending, you're creating immediate jobs. Problem is these are in no way permanent jobs and simply pushes the can down the road on them finding new employment. Better to provide unemployment benefits and training to get them into a more permanent job faster.

Also large bouts of spending (again to use infrastructure as an example) tends to be hugely wasteful. Good projects require appraisals, consultation and careful planning. The notion of handfuls of 'shovel ready' projects is a political myth. You can instead span it out but then you don't get the mooted fiscal boost. In fact I would argue infrastructure spending is never appropriate as fiscal stimulus. It should be in a constant, planned process of improvement irrespective of business cycles or downturns. The US stimulus under Obama was largely long term spending projects like this as giveaways to the states. There is little evidence it eased the recovery or altered behaviour though. Many states simply enacted the same civic projects they would have otherwise and used this money instead of issuing debt like they would have otherwise - effectively they saved on interest.

So what are the alternatives then? The government here in Australia also heavily spent on roads, home subsidies and schools but notably also gave all income earners a cash deposit of AUD $300-950. The latter is probably the closest you can get to a pure fiscal stimulus - immediately cash to spend, injected not into banks than might save it but given particularly to low / medium income earners most likely to spend it. Again what we saw is that it hardly altered consumer / household behaviour. Many saved it, many spent it on large one off purchases (e.g. TVs, in which case most of that value was transferred overseas). So we gave a dollop of cash as stimulus to the global economy of which Australia is a drop in the ocean. Basically my attitude is, if you maintain good infrastructure, effective education systems, adequate but efficient regulation, reasonable tax rates, and importantly competitive markets, the best way to get through a crisis is to let the market stabilize by itself. Provide assistance and retraining to workers who lose their jobs by all means, but don't expect government spending to be some kind of savior.

I agree on the inflation aspect of your post. There were certainly no shortage of self-declared monetarists buying up gold in anticipation of high inflation, but as you say dollops of cash in the economy are meaningless if they are idle and the economy under capacity. The question now with unemployment in the US at 5.5% whether capacity is finally pushing LRAS levels. Probably not, participation rate is low and falling, and the unemployment rate is woefully underrepresenting forced part timers. Also as you mention the dip in oil will temper prices on the input cost side. The Fed certainly seems to think so and has started tightening rates but as so much commentary in the investing world is saying, this may turn out to be a mistake and they may end up having to reverse course.

@ChaosEngine

if you are referring to the established political class,the pundit class and those with relative power and influence i would agree with your assertions.

which is pretty much what i am talking about.

if you look how ron paul was being treated by his own party and compare that treatment to sanders by the DNC,there are some glaring similarities.

while both paul and sanders have differing politics,they did align in a few areas i.e: audit the fed,citizens united,money in politics and restructuring the military to name a few.

they both had/have immensely popular grassroots support.ron paul garnering 20 million in small donations and sanders broke that record with 30 million.

they both held large rallies with high attendance.

they both had a populist flavor that appealed to their own political base.challenging the current corrupt power structures.

and they both have/had experienced a weird media blackout,even though they were/are incredibly popular with the voters.

now we can question WHY that is,but i don't think it too much a stretch to come to the conclusion that both candidates challenged the current power structures that dictate this countries dysfunctional and corrupt political system.add to that mix a paid propaganda pundit class that never challenges the current narrative,all put on display on corporate media which is owned by what? 5-6 entities? who just happen to be the biggest lobbyists in this country?

nader experienced pretty much the exact same treatment from the DNC in regards to media exposure and it went even further in his case with him being outright denied to some debates,or made to jump through almost insurmountable dictates to even get ON the debates.

so when i assert this is a well crafted and intentional practice by the parties,i do so with precedent.

because all three,nader,paul and sanders all had/have massive public support from the voters,but not their respective parties.

so when ron paul started to become a real thorn in the RNC,who did not want him anywhere near the nomination.they changed the tactic from ignoring or downplaying pauls message..to creating the "kook" myth.this was from his own party!!

nader received similar treatment,though in a different context.the establishment as a whole came out against him.

so what can we assume,based on previous tactics from these political parties in regards to sanders?when they can no longer ignore his popularity? his grassroots campaign donations? his rally attendances?

there will soon come a time when they can no longer ignore sanders and his grassroots success,and they will respond the exact same way they did with nader and paul.they will concoct a narrative that plays on peoples fears and biases and begin to portray sanders as an anti-capitalist "kook".that somehow him being a democratic socialist means the end of our civilization.just the word "socialist' makes many a republican wet their panties.

could i be wrong?
oh please god let me be wrong.
i happen to like much of what sanders is promoting,not everything,i have issues with some of what he proposes,but over-all i dig not only what he is saying but how he is going about conveying his message.

there is one huge problem if sanders gets the nod,and that is the support you mentioned.he has almost none in the legislature.which will make much of what he is trying to change in washington damn near impossible.

which will create it own political mess and just create fodder for the pundit class to ineffectually pontificate on,just so they can have a job.

i think it would be such a great thing for this country if sanders got the nomination,but the establishment has already made its intentions clear:they dont want sanders,they want hillary.the establishment does not play by the rules nor do they play nice.

playing by the rules and being decent is for the peasant class.

hope i am wrong.
i hope that every single point i made will never occur.
i hope that sanders gets the nod and things may change,because this country needs a fucking enema.
but my cynicism really struggles with that kind of hopeful optimism.

Having been shot down by the Wife, the Husband's thoughts quickly turn to table legs, how Victorian of him. (Yes, I know, it's an Urban Myth, but a pervasive one, so it still applies.)

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I'll tell my son, "I need to get this map to the Resistance. It shows the location of Edward Snowden."

And my kid will reply, "Snowden? Snowden's real? I thought he was just a myth!"

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Ummm....yeah, what s/he said. They all seem like late-adopters to me.

And frankly, I have never understood the "burn on the way out" myth/phenomenon. It must be psychological, or my taste receptors suck all the capsaicin away at first contact.

Personally, I just get the hick-ups when I approach my limit.
BTW, my preference is for the naga bhut jolokia. Chiles for Life!

The Vertibird myth seemed kind of like a no brainer. Walking into a room full of feral ghouls and walking out leaving a room full of feral caterpillars sounds cool though, achievement awarded "I'll Bite Your Legs Off!".

Credit to Harold McGee would have been nice.

I have 1990 edition of his book which documents the 'searing meat' myth.

2009 Cooking pasta in a smaller pot
http://www.nytimes.com/2009/02/25/dining/25curi.html?_r=0

Okay, obviously one would expect a Lovecraft site to be biased, but for presenting the other side of the story...
There's a FAQ which discusses Lovecraft, Greene and Crowley
http://www.hplovecraft.com/life/myths.aspx there are also links to a Necornomicon FAQ itself on that page.

I personally tend to favor the idea the book was invented by Lovecraft, and why people would want to claim it's a real book is beyond me.

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