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Stimulus arithmetic (wonkish but important)

Mises Economics Blog found this 1/6/2009 on 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 unemployment rate for the next two years, and ...