econlog.econlib.org - 1/28/2009
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(January 28, 2009 08:43 AM, by Arnold Kling) From The New York Times: The economic stimulus plan that Congress has scheduled for a vote on Wednesday would shower the nation's school districts, child care centers and university campuses with $150 billion in new federal spending, a vast two-year...
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Seriously, Alpha = 0? Have You Read the Bill?
TRUTH ON THE MARKET —
... government should spend billions proposed for road and bridge repairs, while dairy and beef cattle producers butted heads over talk that the government might buy up dairy cattle for slaughter to drive up depressed milk prices. Unions backed infrastructure spending. States sought budget bailouts. How could anybody look at what is actually in the stimulus package and conclude that the “Alpha” is zero? Maybe Geoff is right . I’m probably just taking Brad DeLong too seriously. More from Arnold Kling .
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