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econlog.econlib.org - 1/5/2009
Against the Big Stimulus
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(January 5, 2009 08:54 AM, by Arnold Kling) After reading Willem Buiter's long piece (pointer from Mark Thoma), I decided that it is time to come out firmly against a large fiscal stimulus. Instead, I would prefer a small stimulus. The case for a large stimulus appears to...
Can the US economy afford a Keynesian stimulus?
blogs.ft.com - 1/5/2009
Can the US economy afford a Keynesian stimulus?
— blogs.ft.com — Economic policy is based on a collection of half-truths. The nature of these half-truths changes occasionally. Economics... as a scholarly discipline consists in the periodic rediscovery and refinement of old half-truths. Little progress has been ... (more) Can the US economy afford a Keynesian stimulus?

Comments vote down naked capitalism found this 1/5/2009found this
becker-posner-blog.com - 1/12/2009
On the Obama Stimulus Plan-Becker
— becker-posner-blog.com — If the government increased its spending on infrastructure when the economy has full employment, its main impact... would likely be to draw labor, capital, and raw materials away from various other activities. In effect, increased government spending ... (more) On the Obama Stimulus Plan-Becker

Comments vote down Greg Mankiw's Blog found this 1/12/2009found this
krugman.blogs.nytimes.com - 1/6/2009
Stimulus arithmetic (wonkish but important)
— krugman.blogs.nytimes.com — Bit by bit we're getting information on the Obama stimulus plan, enough to start making back-of-the-envelope estimates... of impact. The bottom line is this: we're probably looking at a plan that will shave less than 2 percentage points off the average ... (more) Stimulus arithmetic (wonkish but important)

Comments vote down Mises Economics Blog found this 1/6/2009found this

Blog Reactions

Club for Growth:  Stimulus Contains 7 Risks

Marginal Revolution:  Assorted links

self-evident:  Big Swinging Stimulus

Comments
Blog Reactions

Stimulus Contains 7 Risks
Club for Growth — Economist Arnold Kling comes out firmly against the stimulus plan, offering seven potential risks. He concludes: "Overall, on close examination, the case for the large fiscal stimulus, like the case for the Paulson rescue plan, is really quite weak. However, the same elite groupthink that made passage of the Paulson plan inevitable probably also makes the passage of the stimulus package inevitable."

Assorted links
Marginal Revolution — 1. The work habits of famous people. 2. MasterResource; a free market energy blog. 3. Arnold Kling is very wise; today on fiscal policy. 4. Saying words wrong on purpose.

Big Swinging Stimulus
self-evident — ... Arnold Kling (of the Cato Institute — god bless the libertarians) uses it as an opening to register his own opposition to the Big Stimulus: ...

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More stimulus notes
krugman.blogs.nytimes.com 1/7/2009 — Mind the gap 1. The new CBO budget and economic outlook is out. Above is its forecast for the GDP gap - the hole stimulus has to fill. I'd guess that the CBO estimate, which has unemployment averaging 8.3 percent in 2009 and 9 percent in 2010, is ...