Tagged: Stimulus


How Big Is the Multiplier?

by James Hanley This guest post is in response to a discussion with Clawback on the multiplier effect of government spending for fiscal stimulus. I argued there was no consensus about whether that multiplier...


Bastiat and Stimulus

Matt Yglesias has a smart post up on Frederic Bastiat’s “What is Seen and What is Not Seen” essay, noting that ” the correct way to understand it is as precisely laying down the theoretical...


The Jobless ‘Recovery’

It’s worth reading  Monika Bauerlein and Clara Jeffery’s article at Mother Jones on the ‘great speed-up’. The looming possibility of a double-dip recession notwithstanding, the economic recovery so far has been decidedly lopsided. While corporate profits are up, the American workforce fared...


Hayekian Stimulus

If you watch this Hayek vs. Keynes rap again, you’ll notice that very rarely throughout are the two men actually disagreeing with one another. They’re largely talking past one another, with Keynes speaking directly to...


Deal with the devil

Here’s Kevin Drum: There are a few liberal pundits out there who believe that a cuts-only deal like this one isn’t all that bad. Jon Chait is one of the leading proponents of this...


Playing games with the deficit

“To the extent that Washington is "broken" (and I’d argue it’s less broken than some suggest) it’s because it suffers from being, unusually, both fat and musclebound. No wonder it finds it difficult to...


War as stimulus

Oh my: Here is where Obama is likely to prevail. With strong Republican support in Congress for challenging Iran’s ambition to become a nuclear power, he can spend much of 2011 and 2012 orchestrating...


The Price of Loyalty

Brad DeLong calls The Economist’s profile of Mitch Daniels, “A beat sweetener so sweet as to send us all into hyperglycemic collapse.” He continues: When Mitch Daniels was in a position of power and...


The stimulus effect

How much unemployment can we blame on the Obama administration? Economist Rob Shapiro dug into some Bureau of Labor Statistics data and came back with the best numbers I’ve seen on the subject. He...


A Response to Paul Krugman

by Christopher Carr Nobel Prize winning economist Paul Krugman’s existence in the popular consciousness largely rests on ideological antagonism.  Krugman’s infamous September 2009 New York Times Magazine editorial, “How Did Economists Get It So...


David Brooks and the Demand Siders

David Brooks is mostly making sense in his latest column. He’s absolutely correct that more and more indiscriminate stimulus spending is a dubious economic fix at best, and has long-term implications including new unfunded...


The age of ideological uncertainty, continued

Anti-stimulus sentiment ran high in the comments section of my (qualified) defense of the Obama Administration’s economic policy. I encourage the skeptics to check out this article from Richard Posner, which mounts a limited...


The Age of Ideological Uncertainty

Indulge me, if you will, in a little self-reflection. I would probably describe myself as a libertarian conservative. I’m pretty sympathetic to the ideas of limited, decentralized government, free markets, and a decent respect...


Cash For Clunkers; Screw the Poor

Via Doug Mataconis, Jaybird gets to eat a nice big plate of “I Told You So” over Cash-For-Clunkers. Says the article:


the things people say

Riffing off my last post, I’d like to take on two thoughts.  First, here’s Yglesias:


Conflicts of interest

James Joyner points us to this bit of union badness from Mickey Kaus: I knew they’d find a way to punish Ford: The new UAW contract with Ford apparently does not give America’s surviving non-bankrupt automaker parity...


Richard Posner, Keynesian

Richard Posner has an interesting essay on John Maynard Keynes in The New Republic.  I’m still trying to untangle all the various ideas and contradictions implicit in this economic downturn.  There are many competing...