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The stimulus has passed. We are all Ricardian now. 
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Don't you mean Keynesian?I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Think the GOP would prefer nationalizing the banking sector?Originally posted by Naked Gents Rut View Post
I'm trying to figure out what you mean by this. If you mean we all expect big cuts/tax increases in the future, I'm not really seeing it. I see a default as more likely than the govt. running a surplus 14% of GDP. Most likely outcome is that we'll keep financing the debt and never really pay it down.The stimulus has passed. We are all Ricardian now.
Fun quote from critics from that article saying economists don't support the bill:
I don't trust people like that to understand how stimulus works. Funding things that create jobs is stimulus even if you don't agree with what those people end up doing. Paying someone who would end up being unemployed otherwise is the best way to prop up spending, followed by paying poor people, followed by paying middle class people...I would have rather had a lot of money for (promoting purchase of) housing and autos . . ."The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists."
-Joan RobinsonComment
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So if it's worse than a Recession, but not quite a Depression, does that make it a Re-pression? Help, Help, I'm being economically repressed!Comment
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Think the GOP would prefer nationalizing the banking sector?
Who cares what the GOP thinks? I just want someone to do the right thing for the U.S. economy. Don't have much faith that this will happen based on what we got for a stimulus.Comment
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Offhand, I'd say 787 Billion...Originally posted by Darius871 View PostNo, I did not steal that from somebody on Something Awful.Comment
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Got on board a westbound seven-eighty-seven...No, I did not steal that from somebody on Something Awful.Comment
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I'm thinking Geithner wasn't such a good choiceOriginally posted by Naked Gents Rut View Post
Also, I've been reading William Buiter's blog lately: http://blogs.ft.com/maverecon/ It's pretty good."The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists."
-Joan RobinsonComment
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Problems with Obama's propaganda don't mitigate your personal deficiencies.Originally posted by Naked Gents Rut View Post
"Beware of the man who works hard to learn something, learns it, and finds himself no wiser than before. He is full of murderous resentment of people who are ignorant without having come by their ignorance the hard way. "
-BokononComment
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I need to stop reading the WSJ. It's too depressing.
Last edited by Naked Gents Rut; February 14, 2009, 16:43.Comment
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