In times of recession, the spending efficiency (economic waste) doesn't matter; rather, the allocation of resources (particularly employment) is what matters. There is no mileage in tracking what was spent, or what it created, vs. the importance of getting everyone to work. Keynes first worked this out long ago.

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Search Code: 44697
Published: June 23, 2011
Last Revised: June 23, 2011

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mark anderson

Mark Anderson

Research Fellow

Mark Anderson writes the most accurate predictive reports covering the computing and communication industries. His weekly Trends and Predictions posts cover must-have information for strategy development and business technology planning, and are followed by technology executives and investors worldwide including Bill Gates, Paul Jacobs, Michael Dell and more.

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