By Fred Thompson. With only the most minor quibbles I not only laughed, but cried. Pretty much dead on: The sad thing is that it isn’t only “liberal” economists, it is the meat of the profession and plenty of so called “conservative” politicians. Hat Tip: McQ Download article as PDF
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Posts Tagged ‘ fiscal stimulus ’
Stimulating our Addiction
To spending rather than saving. From Atlas Blogged: NYC Mayor Bloomberg on the federal economic stimulus plan: They want to send out a check to everybody to stimulate the economy… I suppose it won’t hurt the economy, but it’s in many senses like giving a drink to an alcoholic. Hey, hey, hey… alcohol a...
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Today’s Links: Skepticism Abounds
Morningstar takes a look at the Long/Short category of mutual funds. They, like I, appreciate John Hussman. China turned in yet another double digit year: China’s economy grew by 11.4 per cent in 2007, the highest pace in 13 years, but the trend of decelerating exports to a slowing US recorded in the final...
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Fiscal Stimulus Not Being Received Well
It seems world markets see the stimulus plan in the US as evidence for panic, not joy. Stock markets around the world plummeted Monday, prompted by pessimism about U.S. President George W. Bush’s plans to boost the U.S. economy. Share prices in Asia, Europe and the Americas all plunged by significant amounts; Wall Street...
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Krugman on Fiscal Stimulus
I have my doubts as I have expressed before, as well as less directly in other places. Jon Henke takes a look at what Paul Krugman has had to say in the past. Download article as PDF
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Today’s links: Washington tries to step up
Ben Bernanke gives Congress and the President the green light to take steps to stimulate the economy along with a warning: Fortunately, the Fed has some ideas on what they should–and shouldn’t–do. Bernanke’s remarks came with a warning that any fiscal bailout “could prove quite counterproductive” if it’s not done in a timely manner...
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