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[QUOTE=Buster;2934025]So during the American civil war and the building of the transcontinental railroad the US government did not pump a ton of money into the private sector?[/QUOTE]
Building public infrastructure does indeed increase overall production but it does not "pump money into the private sector" in fact it takes more money out of the private sector than it puts in. I'm not going to get into a debate about the difference between public and private infrastructure, but when the government builds anything it is built less efficiently and it cost more to maintain. In addition, the credit and capital the U.S. government claimed to start this project took credit and capital away from qualified private sector individuals who had earned it by being successful. Should a successful company fail so the government can have a public works project? You be the judge but IMO the nationalization of any market is a step in the wrong direction and leads to many unsavory secondary effects.
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