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With the economy once again teetering on the edge of recession, policymakers will inevitably propose another round of stimulus spending. You can bet on it--just as you can bet that any such spending won't help the economy.
In the run-up to this weekend's G-8 summit at Camp David, journalists have unfavorably compared European "austerity" with Barack Obama's economic policies.
When the G8 major economies convened at Camp David last weekend, the continuing crisis of the euro, common currency of 17 European Union (EU) members, dominated the economic discussions. The agonies of Greece, badly divided in recent parliamentary elections, and forced to vote again on 17 June, were at the forefront.
Breaking windows will stimulate the economy, according to a leading public pension advocacy group. Skeptical? The National Institute on Retirement Security (NIRS) has not literally endorsed breaking windows, but a report recently published by the organization relies on the same economic fallacy.According to NIRS-whose membership consists principally of...
Most of the appropriated spending included in the stimulus package moving through Congress will occur too slowly to provide an effective stimulus to aggregate demand.
The Economic Stimulus Act of 2008 calls for $168 billion in tax rebates that will hopefully act as a stimulus in the slow economy.
The stimulus package would provide some economic insurance against a recession and probably at about the right time--but at a significant cost.
While devout Keynesians such as Paul Krugman have argued that the slow recovery is due to the insufficient sizeof Obama’s plan, a new study by the National Bureau of Economic Research provides the strongest evidence yetthat the Obama stimulus was doomed to failure.








