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Assorted links
Marginal Revolution —
1. Markets in everything: manage your multiple girlfriends.
2. How we will conquer Canada by stealth.
3. Why isn't the stimulus stimulating?
4. Michael Jackson was an important force for racial integration.
5. What Waxman-Markey does for farmers.
Recovery Package Is Assisting More Than Activating So Far
EconomistMom.com —
... Yesterday Bruce Bartlett summarized some of the empirical evidence that’s come in thus far, pointing out that the “stimulus” hasn’t been very stimulating, but that we shouldn’t be surprised. To start, most of the package was intended to assist, not create new economic activity (new pieces of GDP): ...
Bad timing
Liberalism-Capitalism-Globalisation: JohanNorberg.Net —
... Only 47 percent of the highly stimulative spending (only about 40% of the total package, the one with Kenyesian multiplier effects) will be spent by the end of fiscal year 2010. A year later, more than a quarter is still not spent, according to the Congressional Budget Office. ...
Why Isn't The Stimulus Stimulating? LAGS
CARPE DIEM —
... ~Bruce Bartlett in FORBES Bottom Line: Most of the fiscal stimulus spending will likely impact the economy when it isn't really needed, i.e. after the economy has already started to recover. If we have positive economic ...
Why Isn’t The US Stimulus Stimulating?
Daily Markets —
... on the upswing. The result was that these programs stimulated inflation more than they stimulated jobs and growth. Many years ago John Maynard Keynes warned against using public works for stimulus for precisely this reason–they are too hard to reverse once the need for them has passed. With many economists already warning about inflation coming back in the near future, the ultimate legacy of the stimulus bill may be to make it harder to tighten fiscal policy when it will be needed. ~ Bruce Bartlett in FORBES Bottom Line: Most of the fiscal stimulus spending will likely impact ...
