Selected in the top 100 Economics Sites

Follow me on Twitter

Thursday, January 29, 2009

Fiscal Policy runs amuck. I happily signed this statement.

Here is the statement:

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:

Anonymous said...

do you have a link to the statement? I would like to share it.

Randall Parker said...

Done.

ArmChairEconomist said...

A good one from Mankiw:

http://gregmankiw.blogspot.com/2009/01/smoot-hawley-pelosi.html