Tuesday, February 23, 2010

Does Government Stimulus Spending Work?

Economist Robert J. Barro explains here his continuing study of whether federal stimulus spending is a good idea. For readers who have a low tolerance for the kind of analysis economists do, I will give you his answer; No.

For readers who enjoy this sort of thing, give Barro's article a read. Then ask yourself why BHO and company are pursuing the fiscal stimulus policies they have. Ask yourself why Christina Romer, Chair of the President's Council of Economic Advisors, says what she has to say about the whole issue.

For readers who just don't care about this sort of thing --- sorry.

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