<?xml version="1.0" encoding="UTF-8" standalone="yes"?><oembed><version><![CDATA[1.0]]></version><provider_name><![CDATA[The Dish]]></provider_name><provider_url><![CDATA[http://dish.andrewsullivan.com]]></provider_url><author_name><![CDATA[Andrew Sullivan]]></author_name><author_url><![CDATA[https://dish.andrewsullivan.com/author/sullydish/]]></author_url><title><![CDATA[The Reality We Face,&nbsp;Ctd]]></title><type><![CDATA[link]]></type><html><![CDATA[<p>A reader writes:</p> <blockquote> <p>You know, I don&#39;t agree with you much any more.&#0160;But you nailed it in <a href="http://andrewsullivan.thedailybeast.com/2011/08/the-economy-isnt-getting-better.html" target="_self">that post</a>.</p> <p>The only real economic (I don&#39;t care about the politics of any of it) solution     for what we face can be summed up in one word: time. Lots and lots of     time.       The single, most important thing we can do is to avoid turning what&#39;s likely     gonna be a problem the lasts another 5-10 years into a problem that lasts     another 15-20 years.</p> <p>In that vein (and again, I&#39;m ignoring politics altogether), here is the problem     with Keynesian solutions. We&#39;re a debtor country. Every $ of additional     spending is an additional $ of debt creation. The marginal utility of each new     dolar of debt has been negative for a couple years now. The multiplier effect is     negative.</p> <p>Keynesians aren&#39;t the problem.</p> </blockquote>]]></html></oembed>