www.funnyeconomist.com/stimulus.pdf
Fiscal Policy is great if you can fix bridges falling down over the Mississippi river. The problem is you get 25 dog parks and 17 bridges to nowhere for every one bridge you fix. Take 60 years of economic research and throw it down a rat hole.
Read what Robert Barro has to say about these things. He is correct.
3 comments:
do you have a link to the statement? I would like to share it.
Done.
A good one from Mankiw:
http://gregmankiw.blogspot.com/2009/01/smoot-hawley-pelosi.html
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