Monday, January 26, 2009
econothoughts
I do not know what can turn the economy around, if it is possible to be turned around, or if it needs government intervention to turn it around. I do remember studying economics in the 1990s, and the ideas behind a fiscal stimulus from government spending were pretty much dead. Professor Mankiw at Harvard has a list of economists that are reminding us that a fiscal stimulus most likely will fail.
Skeptics of the stimulus might be wrong, but we are not cranks. Not when the list includes Robert Barro and Nobel prize winners Robert Lucas and Gary Becker. I have definitely been in worse company before.
Skeptics of the stimulus might be wrong, but we are not cranks. Not when the list includes Robert Barro and Nobel prize winners Robert Lucas and Gary Becker. I have definitely been in worse company before.
